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US kiosk operator files for bankruptcy protection; overall market continues to
Small US video rental kiosk operator Public Media Works announced September 26 that it has voluntarily filed a petition for protection under Chapter 11 of the US Bankruptcy Code while it restructures its operations and seeks a debtor in possession loan
Updated: 09/29/2011 01:52P
MILAN PROSECUTION FILES FOR 'SAN RAFFAELE' BANKRUPTCY
(AGI) Milan - Milan's Prosecution Office has filed for the 'Centro San Raffaele - Monte Tabor' Foundation's bankruptcy. Prosecution argued that the request "serves, first and foremost, the purpose of stemming any further loss of assets.
Updated: 09/29/2011 01:49P
B of A, Lehman Strike Deal on $4B Reduction of Derivatives Claims
In a Wednesday filing with the US Bankruptcy Court in Manhattan, Lehman also said Bank of America will drop an appeal of a $500 million judgment against it and return $356 million for a claim in that proceeding. Merrill is a subsidiary of Bank of
Updated: 09/29/2011 01:37P
Graceway Pharmaceuticals files bankruptcy; to be sold
Graceway Pharmaceuticals LLC, which makes creams to treat skin conditions, has filed for bankruptcy protection, and said it plans to sell its US and Canadian assets for $275 million to Swiss dermatology company Galderma SA. The Chapter 11 filing comes
Updated: 09/29/2011 01:29P
Lehman, BofA Strike Deal on Derivatives Claims
Since the investment bank's collapse in September 2008, a team of hundreds of bankruptcy professionals under the direction of Alvarez & Marsal Inc. has managed Lehman's assets—which include real-estate holdings, corporate debt and derivatives—for the
Updated: 09/29/2011 01:27P
Bailey Banks & Biddle outlet to Woodbridge
It's an interesting move for the company, which filed for Chapter 11 bankruptcy protection back in 2009. The outlet will have not only finished jewelry, such as watches and necklaces, but also loose diamonds and gemstones. The store will occupy about
Updated: 09/29/2011 01:25P
Solyndra Demonization Fails to Connect
A statement that said “the failure of one California company should not stop us from continuing to make targeted public investments to help create clean energy jobs” got 62% support in the poll. Outside of people who are ideological conservatives who
Updated: 09/29/2011 01:22P
Greece, 'Troika' Resume Bailout Talks
Dozens of employees gathered in front of the finance ministry on Thursday in protest against the measures, shouting: "Take your bailout and leave". They stopped some troika officials from entering the building, and the mission chiefs met Finance
Updated: 09/29/2011 01:17P
Lehman, BofA Strike Deal On $4 Bln Reduction Of Derivatives Claims
Since the investment bank's collapse in September 2008, a team of hundreds of bankruptcy professionals under the direction of Alvarez & Marsal Inc. has managed Lehman's assets--which include real-estate holdings, corporate debt and derivatives--for the
Updated: 09/29/2011 01:15P
Bernsen Distances Himself from Courtroom Drama
Actor Corbin Bernsen, who became a star playing cunning divorce lawyer Arnie Becker in “LA Law,” is not happy with the spotlight being shined on his former company in a Southern California bankruptcy court.
Updated: 09/29/2011 01:14P
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