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Local Friendly's shutting down
The restaurant filed for Bankruptcy protection last week. FOX 25 cameras saw a sign posted on the Needham Friendly's saying that the restaurant was shutting down permanently. Inside, employees were removing signs. FOX 25 has reached out to Friendly's
Updated: 10/04/2011 11:28P
Class action targets Auction
In exiting the Gloucester Seafood Display Auction, the Ciullas maintained their real estate holdings, 1.03 acres at Harbor Loop with an assessed value of $2182000. The Ciullas got out of the business on Sept. 7, selling the assets to a tenant and the
Updated: 10/04/2011 11:21P
Business Digest | Firms order more big-ticket goods
Businesses ordered more computers, communications equipment and other big-ticket items in August, a hopeful sign for the slumping economy. Orders for capital goods, which are considered a good measure of business investment plans, rose 0.9 percent in
Updated: 10/04/2011 11:18P
A decade after 9/11, most emergency business loans still unpaid
Only a third of the more than $1.2 billion the Small Business Administration lent out after the 9/11 attacks has been repaid. Even worse, roughly 1 of every 5 loans made have been written off as uncollectible, for a total of more than a quarter billion
Updated: 10/04/2011 10:30P
Madoff Victims To Get $312M In First Recovery Checks
Law360, New York (October 04, 2011, 10:25 PM ET) -- Bankruptcy trustee Irving Picard said Tuesday that victims of Bernard L. Madoff's sprawling Ponzi scheme would start receiving $312 million in recovery checks Wednesday after a ruling
Updated: 10/04/2011 10:26P
AMR needs labor pacts that trim airline's costs
The bankruptcy talk that tanked the stock price on Monday should create a sense of urgency for labor and management in their long-running battle over new contracts. A breakthrough that rallies employees and, more important, slashes the gap in
Updated: 10/04/2011 10:05P
Tribune managers to get hefty paydays
US Bankruptcy Judge Kevin J. Carey approved the bonuses today in Wilmington, Delaware. The bonuses are “critically important to maintain proper incentives for the management team,” Tribune said in a court filing dated Aug. 30.
Updated: 10/04/2011 10:04P
AMR shares rebound as bankruptcy said to be unlikely
After losing a third of their value Monday, shares of AMR Corp. rebounded Tuesday after reports from analysts and its pilots union that the Fort Worth-based company is unlikely to file for bankruptcy soon. The Allied Pilots Association
Updated: 10/04/2011 10:02P
Prominent Healdsburg developer files bankruptcy
Healdsburg developer Lukhbir Gill, shown in this 2001 photo, has filed bankruptcy and is attempting to restructure millions in debts. By ROBERT DIGITALE Healdsburg real estate investor Lukhbir Gill, who developed plans to build a string of hotels,
Updated: 10/04/2011 09:54P
American Airlines faces turbulent future
AP NEW YORK - American Airlines' CEO is proud that his company, unlike its biggest rivals, avoided the bankruptcy process to remake itself. Investors aren't so sure. As the economic outlook darkens,
Updated: 10/04/2011 09:49P
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