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American Airlines facing tough times, columnist says
Fort Worth-based American Airlines has been in the news a lot lately -- from placing a massive order for new airplanes last summer, to recent rumors that the company could file for bankruptcy protection. As on the largest businesses headquartered in
Updated: 10/12/2011 12:21P
Trustee seeks $912K from lawyers in UM Ponzi case
By AP | October 12, 2011 MIAMI (AP) — A bankruptcy trustee is seeking more than $912000 from a Miami law firm that once represented a University of Miami booster convicted of running a huge Ponzi scheme. The trustee is trying to recover money for
Updated: 10/12/2011 12:14P
US gov't won't expand cleantech role -survey
Solar company Solyndra announced in August it was filing for bankruptcy liquidation after receiving hundreds of millions in investments, including a $535 million loan from the US government. Evergreen Solar filed for bankruptcy reorganization earlier
Updated: 10/12/2011 12:06P
Chrysler agreement with UAW to add 2100 new jobs
“Less than three years ago, Chrysler was teetering on the edge of bankruptcy as our nation was thrown into the worst economic crisis since the Great Depression,” said UAW President Bob King. “This tentative agreement builds on the momentum of job
Updated: 10/12/2011 12:05P
Pa. capital asks bankruptcy for 'overwhelming debt'
Credit: AP By: MARK SCOLFORO | AP Pennsylvania's financially distressed capital is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a City Council member was not legal.
Updated: 10/12/2011 12:05P
Elcoteq's Credit Troubles Lead to Bankruptcy
A few weeks later, Elcoteq's three Finnish subsidiaries -- Elcoteq Finland Oy, Elcoteq Lohja Oy, and Elcoteq Design Center Oy -- filed for bankruptcy protection. In September, we learned that another subsidiary, Elcoteq Network SA, had followed suit.
Updated: 10/12/2011 12:05P
Retired Delta pilots to appeal pension cuts
ATLANTA -- A group of more than 6000 retired Delta Air Lines Inc. pilots plan to file an appeal to get back $600 million in pension benefits they say were lost during Delta's bankruptcy in 2005. The appeal, set to be filed on Oct. 28 by the
Updated: 10/12/2011 12:02P
Cost to Insure Pennsylvania Debt Jumps on Harrisburg Filing
The cost to insure Pennsylvania municipal bonds against default rose Wednesday after the Harrisburg City Council filed for bankruptcy protection. Protection on the state's bonds, sold in the form of privately negotiated derivatives called
Updated: 10/12/2011 12:02P
Trustee seeks $912K from law firm that represented UM booster convicted in
AP MIAMI — A bankruptcy trustee is seeking more than $912000 from a Miami law firm that once represented a University of Miami booster convicted of running a huge Ponzi scheme. The trustee is trying to recover money for victims of Nevin Shapiro's $930
Updated: 10/12/2011 11:59A
A US city sinks in debt
AP Pennsylvania's financially distressed capital is seeking Chapter 9 bankruptcy, citing overwhelming debt, but Harrisburg's mayor and top city lawyer said the filing signed by a city council member was not legal. The petition filed Tuesday night
Updated: 10/12/2011 11:59A
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