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LV developer's bankruptcy deal to be aired in court
“Bankruptcy Court approval of a settlement or compromise under (bankruptcy rules) should only be given if the settlement is 'fair and equitable and in the best interest of the estate,'” he wrote, citing case law. “A compromise which does not provide
Updated: 10/02/2011 05:44P
Greece set to miss crucial deficit target
Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures, showing that drastic steps taken to avert bankruptcy may not be enough. The dire forecasts came while inspectors from the
Updated: 10/02/2011 05:35P
Greece to miss deficit targets despite austerity (Reuters)
ATHENS (Reuters) – Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.
Updated: 10/02/2011 05:10P
Bankruptcy Hits Rural Broadband Company
Rushville-based Omnicity Inc. has filed for bankruptcy. The provider of broadband access for rural areas is seeking chapter 11 protection. The Indiana company expanded into Ohio in 2010 and at the time planned to become for first broadband provider to
Updated: 10/02/2011 04:53P
Greece to miss deficit targets despite austerity
"Three critical months remain to finish 2011, and the final estimate of 8.5 percent of GDP deficit can be achieved if the state mechanism and citizens respond accordingly," the Finance Ministry said in a statement. European officials are scrambling to
Updated: 10/02/2011 04:50P
First Solar CEO Rob Gillette still high on panel power
The CEO of Tempe-based First Solar Inc. (Nasdaq: FSLR) told attendees at the Arizona Solar Leadership Conference last week that despite its dramatic ups and downs — from the bankruptcy of solar manufacturer Solyndra to his own company's roller coaster
Updated: 10/02/2011 04:17P
GIC, bankrupt resort owners strike deal on loan repayment
But GIC did reach a settlement with the Doral and four other bankrupt luxury resorts owned by New York hedge fund Paulson & Co to recover US$360 million in loans. The settlement agreement, which was obtained by BT, came several months after GIC tried
Updated: 10/02/2011 04:05P
Greece to miss deficit targets as bankruptcy looms
The dire forecasts come while inspectors from the International Monetary Fund, EU and European Central Bank, known as the troika, are in Athens scouring the country's books to decide whether to approve a loan tranche, without which Greece could run out
Updated: 10/02/2011 03:50P
Greece to miss budget targets set by EU
Greece will miss deficit targets set just months ago in a massive bailout package, sources said citing a budget draft being adopted by the cabinet, in a setback in Europe's efforts to stave off the country's bankruptcy. The dire forecasts come while
Updated: 10/02/2011 03:34P
Barnes & Noble Puts Borders' Customer List to Use
In an e-mail letter to former customers of Borders, William Lynch, the chief executive of Barnes & Noble, expressed condolences for the loss of a favorite haunt but then asked them to allow Barnes & Noble to become their bookstore of choice—and allow
Updated: 10/02/2011 03:34P
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