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Lehman Brothers Unit Sues Goldman Sachs Unit for Failed Deal
Rosslyn LB Syndication Partner LLC, a Lehman unit not in bankruptcy, accused USREO/Rosslyn Investors LLC, a Goldman Sachs unit, of terminating a transaction related to an office building portfolio in Arlington, Virginia, according to a filing today in
Updated: 10/06/2011 05:39P
Solyndra Affair Leads to Its First Resignation
So far, Solyndra's declaration of bankruptcy after receiving a $535 million federal loan guarantee has threatened President Obama's scandal-free streak, exposed Solyndra executives to a congressional tongue-lashing, and shaken the solar industry.
Updated: 10/06/2011 05:36P
Obama's DOE Loan Chief Resigns Over Solyndra Bankruptcy Scandal
The head of the Department of Energy's loans department has stepped down, marking the first casualty of the Solyndra bankruptcy scandal. USA Today reports that the DOE official, Jonathan Silver, resigned today amid a broadening investigation into the
Updated: 10/06/2011 05:34P
DOE Loan Head Calls It A Day In Government
Silver, who became the loan program's leader in 2009, reportedly said in July he would be leaving the DOE after the program ended last week. Where exactly is Silver heading? Earth2Tech reports he will be taking a role with Third Way, a think tank.
Updated: 10/06/2011 05:34P
The 2 Portraits Of Mitt Romney, Businessman
His opponents say he made money by shutting down factories, occasionally driving companies into bankruptcy. A scandal over the botched gun-trafficking operation intensified on Capitol Hill this week. The chairman of the House Judiciary Committee has
Updated: 10/06/2011 05:32P
Kodak shares jump as company seeks new strategy
THE SPARK: Kodak, which is trying to reinvent itself in a digital world, took a major hit last week when news leaked out that the company had hired Jones Day, a law firm that advises on bankruptcy protection and other restructuring options.
Updated: 10/06/2011 05:31P
A 'Friendly' Farewell: Mass. Chain Declares Bankruptcy, Closes Stores
Since the classic restaurant chain released news of its bankruptcy, Massachusetts Millennials have expressed shock and nostalgic longing for our dear old friend Friendly's. Yesterday, 63 of Friendly's approximately 500 locations closed without warning,
Updated: 10/06/2011 05:29P
Airport strike spotlights Egypt's economic woes; top official warns country
Egyptian Labor Minister Ahmed al-Boraie warned this week that the country is going through a “critical period and (was) on the brink of bankruptcy,” according to the daily, al-Masry al-Youm. Egypt's “losses are growing day by day,” he was quoted as
Updated: 10/06/2011 05:26P
Murdock: Green jobs are national scandal
Solyndra's August 31 bankruptcy transformed 1100 green jobs into pink slips and marinated taxpayers in $527 million of red ink. But many green-jobs programs that have not been raided by the FBI -- as befell Solyndra last September 8 -- nonetheless are
Updated: 10/06/2011 05:07P
Madoff Trustee Sues ABN Amro, Nomura to Recoup $47 Million
The companies invested with Madoff, who ran the biggest Ponzi scheme, through feeder funds, according to the lawsuits filed today in bankruptcy court in Manhattan. Picard seeks to recover $25.5 million transferred to Amsterdam-based ABN Amro and $21.4
Updated: 10/06/2011 05:06P
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