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Patricia Kluge loses fortune, but not her resolve
Her vision for an estate, business and gated community was certainly outsize. But the undoing of Kluge (KLOO-gie, with a hard "g") was not so different from that of many Americans who maxed out their credit cards and their home loans during boom times.
Updated: 10/01/2011 01:06A
Judge makes Friday a big day for L.A.
A Delaware judge presiding over the Los Angeles Dodgers bankruptcy issued an order Friday scheduling a hearing that could determine the fate of the team. In a sharply worded order in response to dueling motions, Judge Kevin Gross said he was setting
Updated: 10/01/2011 01:05A
DOE Backs 4 More Solar Loans as Deadline Looms
WASHINGTON (AP) - The Energy Department on Friday approved four more solar energy loan guarantees worth nearly $5 billion, hours before a controversial loan program was set to expire. Meanwhile, the Justice Department moved to take
Updated: 10/01/2011 01:05A
131-year-old Kodak near bankruptcy, shares drop 54%
Zimmetro — Eastman Kodak Co. has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, but the imaging company said it had no intention to file for bankruptcy protection as of now.
Updated: 10/01/2011 01:05A
Kodak Said to Weigh Bankruptcy to Clear Path for Patent Sale
Oct. 1 (Bloomberg) -- Eastman Kodak Co., the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible buyers of its patent portfolio, said three people with direct knowledge of the
Updated: 10/01/2011 12:44A
Iconic for decades time running out for Kodak
Concerns about the company's future boiled over on Friday, after it hired a law firm well-known for bankruptcy cases, sending its shares down 54% to 78 cents per share. Although Kodak said it has "no intention" of filing for bankruptcy, the fact that
Updated: 10/01/2011 12:40A
Dodgers' Bankruptcy Judge Orders Testimony by McCourt, Selig
Oct. 1 (Bloomberg) -- A judge overseeing the bankruptcy of the Los Angeles Dodgers ordered team owner Frank McCourt and Baseball Commissioner Bud Selig to testify about their fight over whether McCourt should be forced to sell the club
Updated: 10/01/2011 12:35A
Business Digest | Eastman Kodak shares plunge as bankruptcy fears escalate
Verizon Communications, the largest US cell phone carrier, is suing to overturn new government regulations governing the flow of Internet traffic. The lawsuit filed Friday in Washington's US Court of Appeals contends the Federal Communications
Updated: 10/01/2011 12:31A
Bankruptcy option suspected by Kodak investors
Bankruptcy imminent for Kodak? Investors dumped Kodak stock Friday, under suspicion that the company had p[lans to declare bankruptcy. By MICHAEL LIEDTKE, Associated Press / October 1, 2011 Kodak workers enter corporate headquarters in Rochester,
Updated: 10/01/2011 12:26A
Cong to BJP: 2G scam closed chapter
Congress spokesperson Renuka Choudhary even hit out at the BJP by charging the party for “political bankruptcy”. Ms Choudhary was reacting to the BJP's demand for the resignation of home minister P. Chidambaram on the 2G issue.
Updated: 10/01/2011 12:20A
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