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AMR financial woes stoke merger prospects: experts
N), especially if American opts to restructure in bankruptcy someday, experts say. Although most analysts do not expect the third-largest US carrier to restructure in court, some said a speedy, prepackaged bankruptcy could slash AMR's labor costs and
Updated: 10/07/2011 02:55P
Head of US Energy Dept. loan guarantee program resigns
Jonathan Silver, head of the US Department of Energy's loan guarantee program has resigned in the wake of the bankruptcy of Solyndra LLC, a failure that left American taxpayers on the hook for $535 million. Although Silver was not responsible for
Updated: 10/07/2011 02:50P
Homeowners Alone
That?s why bankruptcy was invented. We seem to have forgotten this history when it comes to the biggest debt burden still hobbling most Americans?their home mortgage. Home values continue to drop. Since 2005, they?ve plummeted more than 30 percent on
Updated: 10/07/2011 02:36P
Latest Pennsylvania Business
Corbett took a campaign pledge not to increase taxes or fees, but views his proposal as being in line with the pledge. CHARLESTON, W.Va. (AP) A federal judge has ruled the US Environmental Protection Agency went too far when it began stepped-up reviews
Updated: 10/07/2011 02:05P
Sbarro files amended bankruptcy plan
Oct 7 (Reuters) - Bankrupt pizza chain Sbarro Inc filed an amended restructuring plan in which its lenders agreed to provide about $35 million of new capital, reduce its total debt and emerge from bankruptcy protection before the end of the year.
Updated: 10/07/2011 01:56P
Elderly Bankruptcy Filings at All-Time High
In ever-increasing numbers, retired Americans are seeking relief in bankruptcy court. Experts have cited a number of factors that contribute to the problem, including high-interest credit card debt and oppressive medical expenses.
Updated: 10/07/2011 01:47P
Kodak Jumps as Company Seeks New Strategy
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: 10/07/2011 01:43P
PRESS RELEASE: Sbarro, Inc. Files Amended Disclosure Statement and Chapter 11
Nicholas McGrane, Interim President and Chief Executive Officer of Sbarro, said, "The amended plan is a positive development for Sbarro that will allow the Company to emerge from bankruptcy in the very near term with significantly reduced debt.
Updated: 10/07/2011 01:40P
What is the Democratic Party's Solution to the Pension Crisis?
But the fact is that many California cities are either deep in debt, in bankruptcy or on the verge of crisis due to the pension obligations they owe present and retired workers, especially police and firemen. In fact, the impact of pension liabilities
Updated: 10/07/2011 01:34P
Sprint speeds LTE rollout, now starting in mid-2012
In a testy exchange amid questions about a potential Clearwire bankruptcy should Sprint halt its funing after 2012, Hesse repeatedly said he didn't know of any bankruptcy potential that would shut down Clearwire. He added -- at least twice -- that "No
Updated: 10/07/2011 01:32P
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