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Kodak Said to Weigh Bankruptcy Filing
A bankruptcy filing may help clear the way for the patent sale, said the people. The sale could fetch about $3 billion, according to estimates from MDB Capital Group. Kodak has discussed its options with law firms Kirkland & Ellis LLP and Jones Day,
Updated: 09/30/2011 02:23P
Friendly's Restaurants near Chapter 11
Wilbraham, Mass - The Wall Street Journal is reporting that the Friendly's restaurant chain is prepping for bankruptcy and potential sale. Friendly Ice Cream Corp. has at least three outlets in western New York. It employs around 10000 people at nearly
Updated: 09/30/2011 02:22P
What Part Of 'Worthless' Don't Blockbuster Investors Understand?
Dish Network Corp., which bought Blockbuster's assets in a bankruptcy court auction earlier this year, released a statement Thursday reminding customers of Blockbuster's “strong belief that there will be no value for the common stockholders in the
Updated: 09/30/2011 02:21P
Star Buffet files for Ch. 11
Multi-concept operator Star Buffet Inc. filed for Chapter 11 bankruptcy protection Thursday, citing a legal judgment and the inability to refinance mortgage obligations and its credit facility. Scottsdale, Ariz.-based Star Buffet, which operates 4B's
Updated: 09/30/2011 02:19P
History repeats itself in Greece
ATHENS – A century ago, Greek civil servants secured jobs for life after decades of protests at a central Athens location named Klafthmonos, meaning the Square of Tears, because this was where they bemoaned their plight.
Updated: 09/30/2011 02:08P
Baseball Objects to Dodgers' Proposal to Auction TV Rights
The three-paragraph filing was made in US Bankruptcy Court in Wilmington, Delaware, where the team sought court protection from creditors in June. Baseball Commissioner Bud Selig has asked US Bankruptcy Judge Kevin Gross to let his office file a
Updated: 09/30/2011 02:06P
Greece pushes for bailout tranche
The Greek prime minister is having a day of talks with fellow EU leaders to approve a new bailout tranche Greece needs to avoid bankruptcy in October. George Papandreou is meeting European Council chief Herman Van Rompuy and others in Warsaw before
Updated: 09/30/2011 02:04P
Corus Plots Course Post-Bankruptcy
Under tax law, a Corus entity could count losses suffered as the bank careened toward failure amid the financial crisis against profits made earlier in the decade when it boomed as a real-estate lender. Whether the right to the tax benefits lies at the
Updated: 09/30/2011 02:03P
$9 billion claim not 'customer' claim -Lehman trustee
court papers lodged Friday in US Bankruptcy Court in Manhattan. That would fly in the face of the Securities Investor Protection Act, whose purpose is to protect customers of failed brokerages, argued Giddens, an attorney at Hughes Hubbard & Reed.
Updated: 09/30/2011 01:57P
Loan Guarantee Flip Side: No Deal, No Jobs?
The Solyndra bankruptcy has turned a spotlight on renewable-energy companies and projects backed by federal government loan guarantees, with critics suggesting the US Department of Energy (DOE) has been slipshod or
Updated: 09/30/2011 01:57P
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