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What the Harrisburg, Pa., bankruptcy means for you
WASHINGTON Oct 12 (Reuters) - Wednesday's bankruptcy filing by Harrisburg, Pennsylvania, may create some turmoil for those focused on the city's budget, but individual investors with money in munis don't need to panic.
Updated: 10/12/2011 05:57P
Chrysler to Pay $3500 Signing Bonus to Its UAW Employees
Oct. 12 (Bloomberg) -- Chrysler Group LLC, which hasn't turned an annual profit since its 2009 bankruptcy, agreed to pay a record $3500 ratification bonus to United Auto Workers union members, hire 2100 people and invest $4.5 billion.
Updated: 10/12/2011 05:50P
A Rising Market Won't Stop the "Economic Rot" Beneath
Real estate and homebuilding sectors alike continue to decline in the wake of the mortgage meltdown. Municipalities continue to have growing budget problems. We're not talking about a "small town" bankruptcy, either. An Oct. 12 Reuters headline reads:
Updated: 10/12/2011 05:50P
TNCI To Pay Agents Through Reorg
The service provider filed Oct. 9 for protection under Chapter 11 of the US bankruptcy code. In its filing, TNCI reported more than $13 million owed to its top 20 unsecured creditors, which primarily are the reseller's underlying network providers,
Updated: 10/12/2011 05:45P
Troubled times yield less help for municipalities
Pennsylvania's capital, Harrisburg, filed for bankruptcy on Wednesday in a desperate bid to resolve its debt crisis, setting up a showdown with the state over control of the city. Harrisburg becomes one of the most-high profile cities to opt for the
Updated: 10/12/2011 05:45P
Settlement proposed in W. Pa. beverage maker's bankruptcy | The Republic
AP PITTSBURGH — The trustee in the LeNature's Inc. bankruptcy case has reached a tentative $50 million settlement with a bank and one of the company's auditors. The Pittsburgh Tribune-Review (http://bit.ly/nDeLV7 ) reports that the settlement was filed
Updated: 10/12/2011 05:40P
WIS News 10 - Columbia, South Carolina |Debt-crippled Pa. capital files for
AP National News Video More>> Illegal immigrants make plans for kids' care if they are arrested, deported under new Ala. law By MARK SCOLFORO Associated Press HARRISBURG, Pa. (AP) - Pennsylvania's distressed capital city filed for bankruptcy Wednesday,
Updated: 10/12/2011 05:36P
Pennsylvania state capital goes bankrupt
A new state law requires cities to seek state approval to file for bankruptcy; the decision today out of Harrisburg resulted from a council board's consensus. In a joint email issued to Bloomberg from county commissioners, they say the vote is “nothing
Updated: 10/12/2011 05:33P
WECT TV6 - WECT.com - Wilmington, NC news and weather - Debt-crippled Pa
At a news conference, Thompson said she was hiring a law firm to challenge the bankruptcy filing, which she called a "sneak attack" by council members. "I'm ashamed of the behavior, the road jams, the road blocks, the dishonest statements that keep
Updated: 10/12/2011 05:31P
Pennsylvania Capital Files for Bankruptcy Protection
Legal experts expect the state will challenge the filing in court, citing a state law passed this spring that prohibited Harrisburg from filing for bankruptcy. In Pennsylvania, municipalities need state approval to file under Chapter 9, the municipal
Updated: 10/12/2011 05:30P
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