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Bankruptcy Protection Filed In Harrisburg, PA
"The solicitor also says only the mayor, in conjunction with the solicitor, can file for bankruptcy on behalf of the City of Harrisburg." Thompson says she will hire a law firm to combat the bankruptcy filing. "I'm ashamed of the behavior,
Updated: 10/12/2011 07:47P
Chrysler to pay UAW members $3500 signing bonus under new contract
WARREN — Chrysler Group, which hasn't turned an annual profit since its 2009 bankruptcy, has agreed to pay a record $3500 ratification bonus to United Auto Workers members, hire 2100 people and invest $4.5 billion.
Updated: 10/12/2011 07:40P
McLeod's Daughters star takes ex to court
Mackinnon's lawyers served a bankruptcy notice on James on September 17. James, a 35-year-old airline pilot who was hailed as a hero for saving the lives of six people after he successfully ditched a plane in the sea off Norfolk Island in 2009,
Updated: 10/12/2011 07:37P
Alma Tour sank because of airplanes and a luxurious hotel
For the development of the Tamplier complex two loans from UBB are secured – one for EUR 3436000 and a second for EUR 3890000. The company has problems with the acquittal and applies for another loan – EUR 13900000. The company itself is used as
Updated: 10/12/2011 07:35P
Pennsylvania's state capital declares bankruptcy
Those backing the bankruptcy believe the city has little room for tax increases. Officials say that property taxes form the bulk of the Harrisburg's revenue, but more than half of the city's property is not taxable because it is owned by state
Updated: 10/12/2011 07:34P
Lehman Seeks Title to Ritz-Carlton Kapalua Resort in Hawaii
The resort is one of the distressed real estate projects financed by Lehman before its 2008 bankruptcy. The defunct investment bank, which is trying to boost asset sales to help pay creditors, valued its real estate at $13.2 billion in a court filing
Updated: 10/12/2011 07:27P
Bidding set for Park Highlands land in North Las Vegas
8 to bid for a big chunk of land in North Las Vegas that's being auctioned out of bankruptcy. November 2005 Land Investors LLC, the twice-bankrupt owner of what's been planned as the Park Highlands planned community, received bankruptcy court approval
Updated: 10/12/2011 07:16P
Overheard: Big Shrug
Yes, the Pennsylvania capital filed for bankruptcy protection on Wednesday. But it isn't as if this move caught markets by surprise, seeing that the city's troubles were so well known. Nor are there dozens of other struggling municipalities waiting in
Updated: 10/12/2011 07:08P
Simple math on jobs funds
Shortly after President Obama was inaugurated, the administration awarded a $535-million loan to Solyndra, a solar manufacturer. Recently, that company filed for bankruptcy and laid off 1100 workers. Incidentally, nobody knows where the money has gone,
Updated: 10/12/2011 07:04P
REFILE-UPDATE 4-Harrisburg bankruptcy sets up fight with state
Harrisburg's city council approved the bankruptcy filing in a 4-3 vote. It was opposed by Mayor Linda Thompson, who in a news conference on Wednesday challenged the legality of the city council's vote. Under city law, the mayor and the city solicitor
Updated: 10/12/2011 06:58P
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