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Pa. House gives final OK to Harrisburg takeover bill
Pennsylvania's House of Representatives has given final legislative approval to a bill that allows state intervention in resolving Harrisburg's financial crisis. Senate Bill 1151 passed the House Wednesday by a vote to 177-8 and
Updated: 10/19/2011 02:24P
U.S. Solar Panel Makers Accuse Chinese of Trade Violations
Republicans argue that federal loan guarantees of more than a half-billion dollars to the now-bankrupt solar company Solyndra show the folly of the administration's trying to guide industrial policy in clean energy. The American industry's trade filing
Updated: 10/19/2011 02:24P
Rothstein Trustee Sues Miami Heat, Florida Panthers
the misfortune of receiving money from Scott Rothstein's Florida law firm. Rothstein used his firm, called Rothstein Rosenfeldt Adler, to run a Ponzi scheme that bilked investors out of more than $1.2 billion. With the defunct firm in bankruptcy,
Updated: 10/19/2011 02:23P
Trump Teams With Avenue's Lasry to Pursue Online Gaming Venture
Trump, 65, entered the casino business in 1984 with the Trump Plaza, and in 1990 defaulted on $675 million in junk bonds from his Taj Mahal casino and declared bankruptcy. Following the bankruptcy reorganization, he took the company public in 1995 as
Updated: 10/19/2011 02:22P
Is Wind Worth It?
Mr. Bryce referred to a 2008 study by the National Renewable Energy Laboratory, part of the Energy Department, that said the United States could get 20 percent of its electricity from wind by 2030. At the moment, about 40000 megawatts of wind capacity
Updated: 10/19/2011 02:21P
Greek parliament gives initial approval to austerity law
ATHENS (Reuters) - Greek lawmakers gave on Wednesday initial approval for an austerity law cutting wages and hiking taxes, crucial for the country to receive a next batch of bailout funds and avoid bankruptcy. All 154 of the ruling Socialist PASOK
Updated: 10/19/2011 02:20P
Union Looking Back for Oct. 21, 2011
A little while before the company went into bankruptcy a showing was made that the whole indebtedness of the company was only about twelve hundred dollars, and the bankruptcy proceeding shows an indebtedness in round numbers of over forty-three
Updated: 10/19/2011 02:19P
Pennsylvania House Passes Harrisburg Emergency Bill
Harrisburg's city council tried to block the state's action last week by filing a petition for bankruptcy protection under Chapter 9 of the US Bankruptcy code. The mayor and the state have argued the filing violated city and state laws,
Updated: 10/19/2011 02:18P
Condo developer files for Ch. 11 protection
The developer of a Falmouth condominium project filed Wednesday for protection under Chapter 11 of the federal bankruptcy code. Abby Real Estate Development Inc. listed assets of $5.4 million and liabilities of $4 million. The biggest asset, by far,
Updated: 10/19/2011 02:17P
Munis avoid meltdown, 3rd quarter defaults decline
Meanwhile, there were two noteworthy issuers that filed for Chapter 9 bankruptcy this year -- Central Falls, Rhode Island, and Harrisburg, Pennsylvania. Harrisburg, which filed for bankruptcy in the fourth quarter on Oct. 12, has about $672 million of
Updated: 10/19/2011 02:13P
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