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Bay Biz Buzz: AG Ferrari, Andronico's, gas prices, Cooper Cos., Levi Strauss
AG Ferrari Foods said Tuesday it has emerged from bankruptcy under the ownership of a private investment group that will bolster the Italian market's finances and upgrade its stores. An affiliate of Renovo Capital has bought San Leandro-based AG
Updated: 10/12/2011 01:42P
Solyndra CEO leaves, high-profile fixer lined up
The Department of Energy guaranteed the $535 million loan to the company that Solyndra has said may not be repaid in full. Its downfall has become a political embarrassment for the Obama administration, which had promoted it as an example of how it
Updated: 10/12/2011 01:41P
Harrisburg Joins List of Cities Filing for Bankruptcy
Harrisburg, Pa., facing $458 million in creditors and claims, has declared bankruptcy, becoming the sixth municipality to seek a Chapter 9 filing this year. Harrisburg's City Council voted 4-3 on Tuesday to file for bankruptcy, though the city attorney
Updated: 10/12/2011 01:37P
Pang Da sees Saab deal as no longer valid
Saab desperately needs the 245 million euros (US$352 million) funding from Pang Da and another Chinese firm, Zhejiang Youngman Lotus, to stay solvent after its application for bankruptcy protection was approved by a Swedish appeals court in
Updated: 10/12/2011 01:37P
Cabi Developers files fourth Chapter 11
Another real estate venture associated with Aventura-based Cabi Developers is seeking Chapter 11 bankruptcy protection in a dispute lender MUNB Loan Holdings. It's the fourth Cabi-related company to file for bankruptcy since the recession began.
Updated: 10/12/2011 01:36P
Debt-laden capital Harrisburg, Pa., files bankruptcy
Pennsylvania's financially distressed capital city 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 Associated Press reports.
Updated: 10/12/2011 01:36P
Solyndra CEO Brian Harrison leaves failed solar panel maker
The chief executive of Solyndra, a failed solar panel maker with a $535 million federal government loan guarantee, has left the company, according to documents filed by the company in bankruptcy court. Brian Harrison “left the company as scheduled on
Updated: 10/12/2011 01:36P
Harrisburg Bankruptcy Petition Filed as Debt-Saddled City Faces State Takeover
Pennsylvania's capital city filed for bankruptcy, as Harrisburg faces a debt crisis and hundreds of millions of dollars in creditors and claims. A Pennsylvania attorney, Mark D. Schwartz, filed Harrisburg's
Updated: 10/12/2011 01:35P
Trump agrees to pay $170 million for Doral Golf Resort
Donald Trump agreed to pay $170 million for Miami's Doral Golf Resort & Spa, a luxury property put into bankruptcy earlier this year by hedge fund Paulson & Co. and Winthrop Realty Trust. The agreement will be filed with
Updated: 10/12/2011 01:33P
Fraudulent-Transfer Litigants Beware: The Statutory Limitations and Reach-Back
Richard Levy, Co-Chair of Pryor Cashman's Bankruptcy Group, has authored an article entitled, “Fraudulent-Transfer Litigants Beware: The Statutory Limitations and Reach-Back Periods May Be Broader than You Think,” which was published in the September,
Updated: 10/12/2011 01:32P
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