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401(k) Plans Saved Michigan, Analysts Say
401(k) programs are growing in importance as critics say Social Security is headed for bankruptcy, but some argue Social... Read More Security is on course to provide full benefits to its expected beneficiaries. Placing newly hired workers in 401(k)
Updated: 10/13/2011 10:10A
Boeing Flies To $91 Selling Fuel Efficient Jets
Boeing made significant sales projections last week amid speculation that AMR Corporation, the parent company of American Airlines, may be facing bankruptcy and restructuring. Most of the airline industry stock prices took a dip with chatter flying
Updated: 10/13/2011 10:09A
Lehman bankruptcy court holds that contractual cross-affiliate setoff rights
UBS also argued that the triangular setoff rights should be held valid and enforceable because parties have freedom to contract under New York law, and the parties intended for these rights to be enforceable, even in bankruptcy.
Updated: 10/13/2011 10:01A
Harrisburg, Innkeepers, Madoff, Nebraska Book: Bankruptcy
Revere Copper Products Inc., a possible competing bidder, is objecting to proposed procedures governing the auction for the business of Hussey Copper Corp. When Hussey filed for Chapter 11 protection on Sept. 27, it already had a deal in the bag for an
Updated: 10/13/2011 10:00A
Innkeepers, Cerberus May Announce Suit Settlement Today
Completion of the sale would allow Innkeepers to carry out the Chapter 11 reorganization plan that a US bankruptcy judge in New York approved in June. The trial has been delayed four times, including twice yesterday, with it now scheduled to begin Oct.
Updated: 10/13/2011 09:55A
Harrisburg's Residents Weigh Municipal Bankruptcy Against 'Fiscal Suicide'
Governor Thomas Corbett's spokeswoman, Kelli Roberts, said it was illegal because of a law passed in June that barred such a filing. She said the state is evaluating its next steps. Adrian Archett, a roofer, said he expected and would welcome a state
Updated: 10/13/2011 09:53A
Bankruptcy filings fall in third quarter
Adeson has noticed a marked decline in new Chapter 13 filings, which he attributes to drawn-out foreclosures. Courts now require banks to hold settlement conferences with homeowners to see if foreclosures can be avoided.
Updated: 10/13/2011 09:53A
Donald Trump to buy Doral resort for $170 million
A source with knowledge of the plans said the Trump Organization will invest at least $150 million in upgrades to the nearly 50-year-old hotel, which went into bankruptcy protection earlier this year. Hedge fund Paulson & Co. and Winthrop Realty Trust
Updated: 10/13/2011 09:31A
The Daily Docket: Washington Mutual Appeals Bankruptcy Decision
Washington Mutual Inc., still reeling from a bankruptcy judge's second rejection of its $7 billion creditor-payment plan, is appealing a ruling that paves the way for its shareholders to pursue insider-trading claims against
Updated: 10/13/2011 09:28A
Innkeepers, Cerberus May Announce Lawsuit Settlement as Early as Today
Cerberus Capital Management LP, the New York-based private-equity firm, and hotelier Innkeepers USA Trust may announce a settlement of their $1.12 billion lawsuit as early as today, said a person familiar
Updated: 10/13/2011 09:22A
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