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Pennsylvania capital strapped
Harrisburg, Pennsylvania's financially troubled capital city, filed for bankruptcy Wednesday, a move that was at odds with the city's mayor, who argued that the filing was illegal. The state also had pushed to avoid the action.
Updated: 10/13/2011 01:21A
Hussey gets 2nd possible bidder
27 in federal bankruptcy court in Delaware. In its filing, Hussey named KHC Acquisition as the preferred buyer for most of its assets. KHC is an affiliate of Kataman Metals, a St. Louis metals trader. Court documents indicate Kataman is offering $84.7
Updated: 10/13/2011 01:18A
City Council in Harrisburg Files Petition of Bankruptcy
The City Council of Harrisburg, Pennsylvania's financially troubled capital, filed for bankruptcy on Wednesday, a surprise move that was immediately opposed by the mayor and Gov. Tom Corbett, who argued that the filing was illegal under state law.
Updated: 10/13/2011 01:15A
Pennsylvania's debt-crippled capital city files for bankruptcy
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: 10/13/2011 01:12A
Capital seeks Chapter 9
HARRISBURG — 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.
Updated: 10/13/2011 01:04A
Madoff Trustee Says Defendants 'Eviscerate' Court, 'Pervert' Law
Picard made the statements in a filing after Melvyn Weiss, the disbarred co-founder of the law firm Milberg LLP, tried to move a lawsuit to district court. Higher court rulings that challenged bankruptcy judges' power, including in the Anna Nicole
Updated: 10/13/2011 01:03A
Harrisburg, Nebraska Book, Meritage, Broadstripe: Bankruptcy
There are other reasons based on state law giving grounds for asking the bankruptcy court to dismiss the petition. The city claims to need bankruptcy in view of $65 million in default on $242 million owing on bonds sold to finance an incinerator that
Updated: 10/13/2011 01:03A
Kodak, Google, SF Giants, Steve Jobs: Intellectual Property
(This is a daily report on global news about patents, trademarks, copyright and other intellectual property topics.) Oct. 13 (Bloomberg) -- Avenue Capital Group and Blackstone Group LP's GSO Capital Partners LP unit are among
Updated: 10/13/2011 01:03A
Financial officials increase pressure on Greece
Instead, it will prepare the country's bankruptcy, and the price of this bankruptcy will be shifted onto the backs of workers. Greek workers are to experience the complete demolition of their social rights and the halving of their wages, while European
Updated: 10/13/2011 12:46A
Business community responds to Harrisburg bankruptcy filing
A business owner doesn't want much from local government. In fact, things likely run the best when there is little interaction between government and private business. But when the newspaper box on the way into your restaurant prominently features
Updated: 10/13/2011 12:22A
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