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OK's Space Mission Continues Despite Budget Cuts, a Bankruptcy and New Competition
“I went into personal bankruptcy after it was all over.” French says the sub-prime mortgage crisis hit just as he was about to secure $500 million for a NASA funding benchmark. “The vice president of the bank actually put his arm around me and said,
Updated: 10/13/2011 12:20P
Longtime Downtown Restaurant Files For Bankruptcy
PITTSBURGH -- Smithfield Cafe, one of the oldest restaurants in downtown Pittsburgh, has filed for bankruptcy but is still open. A longtime manager at the restaurant located along the Port Authority bus lane on Smithfield Street confirmed the Chapter
Updated: 10/13/2011 12:19P
Harrisburg Leaders Battle Over Bankruptcy
NEW YORK (CNNMoney) -- The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. But the mayor of the state's capital, as well as the governor and a state senator, quickly called the action illegal. State law
Updated: 10/13/2011 12:18P
Judicial Bribery Scandal Could Land Skycamping Trustee Behind Bars
Prosecutors are calling for three and a half years of jail time for an official at garment maker Skycamping Indonesia who bribed a judge during the company's bankruptcy proceedings. Puguh Wirayawan, the company's bankruptcy trustee, has admitted to
Updated: 10/13/2011 12:13P
Leaders Battle Over Harrisburg's Bankruptcy
NEW YORK (CNNMoney) -- The city council of Harrisburg, Pennsylvania, voted to file for bankruptcy protection Tuesday night. But the mayor of the state's capital, as well as the governor and a state senator, quickly called the action illegal. State law
Updated: 10/13/2011 12:09P
Deutsche Bank, UBS and Unilever Remain Steady Arts Patrons
Since the start of the global recession, plenty of companies have shut down, entered bankruptcy, or laid off a good chunk of their workforce. Yet, as the Financial Times points out, some corporations manage to continue funding large museums and
Updated: 10/13/2011 12:08P
The Oscar for Bank Turnaround Artists
The US Bankruptcy Court for the Eastern District of Washington late last year oversaw a sale of the then-$1.5 billion-asset AmericanWest Bank to SKBHC Holdings for $6.5 million. That bankruptcy has been lauded as one of the most creative
Updated: 10/13/2011 12:08P
Ghost Of Borders Haunts Halloween - Bankruptcy Beat - WSJ
Costume retailers are among those setting up shop in the more than 350 stores left vacant in the wake of the bookseller's demise in bankruptcy. The retailers sinking their teeth into Borders' left-behind real estate include Halloween Adventure,
Updated: 10/13/2011 12:05P
Jefferson County Democratic Lawmakers May Derail Debt Deal
Legislators are to meet with county commissioners today to discuss the plan to avert a record municipal bankruptcy. Democratic state Representatives Patricia Todd, John Rogers and Mary Moore said in phone interviews this week that most of the
Updated: 10/13/2011 12:03P
Green 'Gate: Solyndra Bankruptcy Puts Microscope on Green Investments
Many politicians in DC., primarily Republicans, are trying to paint the Solyndra story as a scandal, claiming that Democrats ignored warnings early on that the company would fail and that the loan was only given out in the first place because of
Updated: 10/13/2011 12:02P
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