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A New England icon bites the dust
It was announced recently that Friendly's has filed Chapter 11 bankruptcy. This is hard to swallow (sorry!) as I've been a devoted Friendly's booster since my first Big Beef Cheeseburger & Chocolate Fribble in 1971, which was devoured as my fellow
Updated: 10/13/2011 03:41A
Fort Collins businesses shuttered
Then, if that wasn't bad enough, on Monday C3 filed for Chapter 7 bankruptcy, at which point the state of Colorado pulled their paperwork from the doors complicating the issue even more for those whose products and supplies are on lock down inside the
Updated: 10/13/2011 03:40A
Biz Quicks
Buffett and Huelskamp have been sparring over Buffett's call for higher taxes on the wealthy. Buffett revealed this summer that he paid $6938744 in federal taxes last year, or 17.4 percent of his taxable income. He has said that tax rate is too low
Updated: 10/13/2011 03:35A
Saab says received first payment from Youngman
AMSTERDAM, OCT 13 - Struggling car maker Saab , which has been battling to stave off bankruptcy for months, said on Thursday it had received a first payment from Chinese partner Youngman and that further payments will be made by Oct. 22.
Updated: 10/13/2011 03:31A
Harrisburg goes bankrupt
Pennsylvania's state capital Harrisburg has declared bankruptcy, according to a court filing seen Wednesday, a rare move that raised the spectre of a string of local government defaults. The city - whose finances have been ravaged by the costs of
Updated: 10/13/2011 03:25A
Indiana official pleased with solar plant progress
Abound Solar plans to start production at an unfinished auto parts factory near Tipton during 2013 and eventually employ 800 to 1000 people as part of a $400 million federal loan guarantee that President Barack Obama announced last year for company
Updated: 10/13/2011 03:20A
Harrisburg presses fight for bankruptcy
Corbett's office questioned council's power to file for bankruptcy. "It's in violation of the law," spokeswoman Kelli Roberts told my colleague Angela Couloumbis, citing a provision in the state fiscal code, passed in the summer, that stops distressed
Updated: 10/13/2011 03:19A
NATION - News of the Day From Across the Nation
The City Council in Harrisburg, Pennsylvania's financially troubled capital, filed for bankruptcy 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 03:16A
'Q' is a big warning on over the counter stocks
Following the high profile Chapter 11 bankruptcies of WorldCom, Kmart and General Motors, investors were still purchasing millions of shares of these troubled companies, hoping they could earn a profit when or if the firms emerged from bankruptcy
Updated: 10/13/2011 03:16A
A Solution for the Failing Economy: Find the Soul of Business
Every day, a new report rolls in about rising unemployment as major companies close their doors and file for bankruptcy. It has become evident that the old ways of running businesses have failed and there is a need for a new paradigm.
Updated: 10/13/2011 03:15A
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