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Politics pushes US state capital to budget meltdown
Pennsylvania's state capital has filed for bankruptcy, fueling fears it is the first domino in a chain of municipal defaults, but Harrisburg's fate may have as much to do with politics as finance. Shielded by protective glasses and buttoned up against
Updated: 10/16/2011 06:27P
Solar Firms Look to Shed Their Gloom
With the bankruptcy and federal probe last month of California solar-panel maker Solyndra Inc. and the free-fall of solar-company stocks over the past several weeks, the view of the global solar-power market may look dim or even grim
Updated: 10/16/2011 05:58P
A&O's life portfolio sold after principals' fraud leads to bankruptcy
Melville Capital (MC) was retained as the life settlement broker and advisor to Jeff Marwil, partner of law firm Proskauer Rose, the trustee for A&O in connection with bankruptcy proceedings. MC said it produced $3.42 million in this latest sale and
Updated: 10/16/2011 05:46P
Kodak Licenses Projection Patents to Imax
(IMAX), bolstering revenue as the unprofitable 131-year-old camera company seeks to stave off bankruptcy. Kodak, based in Rochester, New York, will receive an upfront payment of more than $10 million, a milestone payment and ongoing royalties,
Updated: 10/16/2011 05:25P
It's time for REEF to go
Then came state inspectors, bankruptcy, an order to correct deficiencies, a failed appeal, and now a formal complaint by the state charging REEF Environmental Services LLC and its owners with causing a “continuing threat to the public health and
Updated: 10/16/2011 05:24P
Washington-area bankruptcy filings for the week of Oct. 17
Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court. In a Chapter 7 liquidation, a court trustee sells assets to pay creditors'
Updated: 10/16/2011 04:53P
THE MONEY PIT: The Real Reason Harrisburg Pennsylvania Went Bankrupt
(My fascination with project finance is endless, so you might want to get comfortable.) The vast majority of Harrisburg's bonded indebtedness stems from improvements made to the city's trash incinerator plant. According to the Patriot-News,
Updated: 10/16/2011 04:20P
What about Thelda Williams' bankruptcy? Where is the fair reporting on the
Most of them fail to report that Frederick's liberal opponent for City Council, Thelda Williams, has also filed for bankruptcy. She filed several years ago in connection with a failed restaurant business.
Updated: 10/16/2011 04:13P
Federal judge to hear bankruptcy arguments from Harrisburg on Monday
(AP) — A federal judge will hear arguments Monday morning over whether Pennsylvania's cash-strapped capital can move ahead with a bankruptcy petition. The state of Pennsylvania and Harrisburg's mayor are fighting a 4-to-3 City Council vote that
Updated: 10/16/2011 03:37P
Judge to weigh bankruptcy petition for Harrisburg
(AP) — A federal judge will hear arguments Monday morning over whether Pennsylvania's cash-strapped capital can move ahead with a bankruptcy petition. The state of Pennsylvania and Harrisburg's mayor are fighting a 4-to-3 City Council vote that
Updated: 10/16/2011 03:32P
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