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Chriss Street, Ex-OC Treasurer: I Want $8.8 Million In Damages
Street is blaming his sensational $7 million bankruptcy court loss in 2010 on his own lawyer, Phillip B. Greer, and he's demanding that Greer pay him for alleged lousy, incompetent trial work. According to a lawsuit filed this week in Orange County
Updated: 10/04/2011 04:54P
Namoi Cotton hanging on by a thread
NAMOI Cotton faces the real risk of bankruptcy after revealing losses exceeding $50 million in the six months to the end of August, which the company blamed on unprecedented cotton price volatility. Namoi shares crashed 65 per cent yesterday,
Updated: 10/04/2011 04:54P
Friendly's Restaurant Chain Facing Financial Struggle
It's troubles could lead to a bankruptcy filing. WAMC's Pioneer Valley Bureau Chief Paul Tuthill reports. Friendly's, in a statement last week, acknowledged it was feeling the impact of the economic downturn , rising commodity prices and what it called
Updated: 10/04/2011 04:52P
American Airlines DB takeover talks 'premature': PBGC
30, 2010, according to Pensions & Investments magazine, a sister publication of Business Insurance. The Fort Worth, Texas-based company had $10.1 billion in defined contribution plan assets, none of which was invested in company stock, according to
Updated: 10/04/2011 04:51P
Garden City Group GC Karen Shaer on Balancing Work and Life
Karen Shaer has taken what she calls a "serendipitous" route to her post as general counsel at Garden City Group, Inc., a legal administrative services provider for class action settlements and bankruptcy cases. It's a path that was at least partially
Updated: 10/04/2011 04:40P
Chevy's, Acapulco Chains File for Bankruptcy
As consumers continue to cut back – and watch their waistlines – the nation's largest full service Mexican food chain has filed for bankruptcy. The Cypress-based owner of the Chevy's, El Torito and Acapulco chains has been bleeding red ink for months,
Updated: 10/04/2011 04:38P
Market Wrap-Up for Oct.4 (DB, MS, FCX, AVP, GLD, EK, AMR, more)
Many people today are working subpar jobs, while others are struggling to get back into the workforce at all. Your career is the biggest core of your financial foundation, and whether you are just starting out or in the later innings of employment,
Updated: 10/04/2011 04:30P
Landry's approved to buy Eva Longoria's Beso
Landry's Restaurants Inc. has received bankruptcy court approval to buy actress Eva Longoria's troubled Las Vegas steakhouse Beso. The $1 million deal, decided Monday, ensures that Longoria will continue to be involved in the restaurant,
Updated: 10/04/2011 04:25P
HOW TO PLAY IT: Airline stocks on runway after AMR slide
THE ISSUE: With air traffic falling globally in recent months, all it took was whispers of a possible AMR bankruptcy filing to put the sector into a tailspin. What route should can you take with turbulence again hitting airlines?
Updated: 10/04/2011 04:21P
American Airlines DB takeover talks 'premature,' PBGC says
Even when a company go into Chapter 11 bankruptcy protection, the fate of its pension plans depends on how the reorganization is handled, Mr. Hopkins said in an interview. When Delta Air Lines Inc., Atlanta, reorganized under Chapter 11 in 2006,
Updated: 10/04/2011 04:14P
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