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Harrisburg bankruptcy
The city council voted to put the city into bankruptcy protection. The mayor says the council can't do that.
Updated: 10/12/2011 01:08P
Lawmakers, business leaders react to Hbg. bankruptcy vote
"It's illegal under Pennsylvania law which prohibits third-class cities from filing for bankruptcy," he said. "Rather than wasting precious time on illegal filings and engaging expensive attorneys, the majority of (the) City Council should be about
Updated: 10/12/2011 01:07P
Chinese auto dealer to buy Saab
Saab is to be saved from bankruptcy again following a rescuing takeover bid by Chinese auto dealer, Pang Da. Originally the bid was thought to be void but the Chinese firm is confident that the deal to buy the Swedish firm, worth $210 million,
Updated: 10/12/2011 01:02P
UAW-Chrysler tentative deal brings 2100 jobs, $4.5B invested in US plants
The UAW said the agreement would add 2100 new jobs and $4.5 billion in new investments at Chrysler's US plants. “Less than three years ago, Chrysler was teetering on the edge of bankruptcy as our nation was thrown into the worst economic crisis since
Updated: 10/12/2011 01:02P
Attorneys get testy in sparring at Dodgers' bankruptcy hearing
As the Dodgers ask to sell their television rights to finance their exit from bankruptcy, do they have to reveal their template for a television contract? Not yet, attorneys for the Dodgers argued. Right away, attorneys for Major League Baseball argued
Updated: 10/12/2011 12:59P
Harrisburg Files for Bankruptcy on Overdue Incinerator Debt
While Chapter 9 bankruptcy, named for the section of federal law that governs insolvent municipalities, would mean the loss of state aid under a law passed in June, it would be than pain caused by a state-imposed recovery plan, said Councilwoman Susan
Updated: 10/12/2011 12:55P
Harrisburg, Pennsylvania Files For Bankruptcy
Harrisburg, the capital city of Pennsylvania, filed a rare Chapter 9 municipal bankruptcy today. The city had previously defaulted on its debt and cited a "continued erosion of its finances," in its filing. Bloomberg News reported that
Updated: 10/12/2011 12:51P
Trump Agrees to Pay $170 Million for Florida's Doral Golf Resort
Trump, the billionaire developer turned reality-television star, has acquired at least nine golf properties in the US after mostly steering clear of using his own money to buy real estate since 2005.
Updated: 10/12/2011 12:50P
Trump Agrees to Pay $170M for FL Resort
Trump, the billionaire developer turned reality-television star, has acquired at least nine golf properties in the US after mostly steering clear of using his own money to buy real estate since 2005.
Updated: 10/12/2011 12:49P
Chrysler, autos union agree on labor contract
The UAW deal is Chrysler's first since its bankruptcy and government bailout in 2009. It covers its 26000 hourly production workers. The agreement is subject to UAW member ratification. The GM contract was ratified by its workers late last month and
Updated: 10/12/2011 12:49P