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Heineken drives imposter to bankruptcy
“There was no way we could win” commented director Marc Schneider, confirming the reports of bankruptcy. He added that he was confident that the liquidation sale would at least pay Ulm's outstanding debts. Last month the court ruled that Olm was guilty
Updated: 09/29/2011 12:00P
Economic Growth, Not Income Redistribution, Is What Helps Us All
That principle is that economic growth provides vastly greater benefits for working people and the poor than redistribution. It is economic growth that is the key to prosperity and the good life for the middle class, working people, and the poor.
Updated: 09/29/2011 11:54A
Graceway Pharmaceuticals Seeks Bankruptcy, Sale to Galderma
29 (Bloomberg) -- Graceway Pharmaceuticals LLC, a maker of skin treatments and asthma medication, sought bankruptcy protection with a plan to sell its assets to Galderma SA for $275 million. The closely held company, based in Bristol, Tennessee,
Updated: 09/29/2011 11:36A
Wilbur Ross, Amalgamated Bank and southeast Wisconsin
The news this week that Amalgamated Bank is receiving a capital infusion of $100 million has two southeast Wisconsin connections — Wilbur Ross/Talmer Bank and Trust and the Park Lafayette bankruptcy. Ross' investment firm WL Ross & Co. is making one of
Updated: 09/29/2011 11:36A
Youngman cash imminent as Saab regroups
Saab says Chinese manufacturer Youngman is due to deposit EUR70m (US$96m) imminently as the Swedish automaker looks to regroup after securing bankruptcy protection. The precise date of the cash injection is not yet known, but the money will be
Updated: 09/29/2011 11:32A
Manatee manufacturer Teltronics plans sale of assets
The company said previously that its third-quarter sales decline was driven primarily by its 20-20 switching platform. That business saw sales drop about $5 million during the third quarter because of reduced orders from one of the local company's
Updated: 09/29/2011 11:31A
Company Pays $1.3 Million For Tavern On The Green's Name
A licensing company has agreed to pay $1.3 million to use the name Tavern on the Green for restaurants outside metropolitan New York, under a deal approved by Tavern's bankruptcy trustee. New York City retained ownership of the name in New York state,
Updated: 09/29/2011 11:28A
Major Renewable Energy Projects Win DOE Loan Guarantees Before They Expire
The loan program is the same one that awarded a $535 million guarantee to Solyndra, a California-based thin-film solar manufacturer that filed for bankruptcy protection last month. House Republicans pounced on the bankruptcy as evidence of the Obama
Updated: 09/29/2011 11:24A
Teltronics to sell its assets
PALMETTO — Teltronics Inc., an electronics manufacturer, will settle its bankruptcy filing by selling off assets, according to the Dow Jones Daily Bankruptcy Review. The firm originally filed for Chapter 11 bankruptcy reorganization in June. On Dec.
Updated: 09/29/2011 11:19A
The National Slavery Museum
It owes Fredericksburg $215000 in taxes and has been hit with a $5.2m bill from the museum's architect, CC Pei. To Mr Wilder's detractors, the bankruptcy is only one more sign that he is not always careful with other people's money.
Updated: 09/29/2011 11:14A
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