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Neighboring towns and cities watching Harrisburg bankruptcy closely
Many of the business on the West Shore do business on both sides of the river and know parking prices, commuter fees and a possible bankruptcy could eventually hit their bottom line. “if that does happen it would mean high costs for borrowing and
Updated: 10/21/2011 04:02P
Sterling Shoes in bankruptcy protection
The Richmond-based national chain of shoe stores has received BC Supreme Court protection from its creditors, allowing it to stay in business during the restructuring. Sterling says it has the support of its secured lender, the Bank of Montreal.
Updated: 10/21/2011 03:52P
Searching For Direction
Bankruptcy filings and mill closings are magnifying the difficulties in the P&W sector. The tissue and towel sector, one of the most stable sectors in the paper industry, is feeling a modest pinch, as a slower economy means a decline in consumption of
Updated: 10/21/2011 03:52P
CBS 3 Springfield - WSHMAMR shares slump, analyst says bankruptcy likely
A Morningstar analyst is adding to speculation that the company is heading toward bankruptcy. The analyst says AMR will run short of cash to pay big liabilities, including pension contributions. AMR reported Wednesday that it lost $162 million in the
Updated: 10/21/2011 03:41P
Chinese investors want all of Saab
Funding to save Swedish carmaker Saab from bankruptcy has fallen through as Chinese investors would now rather take the company over, the Saab administrator said on Friday, asking a court to halt its restructuring process.
Updated: 10/21/2011 02:34P
Rehashed Innkeepers sale plan gets court approval
NEW YORK, Oct 21 (Reuters) - A bankruptcy judge approved Innkeepers USA Trust's new plan to sell 64 of its hotels to Cerberus Capital Management LP and Chatham Lodging Trust, putting the hotel operator -- again -- on the verge of exiting
Updated: 10/21/2011 02:22P
Another airline headed for bankruptcy?
No one ever said that airline stocks were easy-money investments where you can just sit back and watch the profits flow. Hyper-sensitivity to fuel costs, economic conditions and intense competition have always made them prone to occasional booms – and
Updated: 10/21/2011 02:21P
Speculation: Bank of America headed to bankruptcy court
The idea of putting Countrywide into bankruptcy court protection has been much discussed, and there is much merit to the idea. But the entire bank holding company? To be sure, there are other ways to see all this. Other banks, to be sure,
Updated: 10/21/2011 02:21P
Texas Winery: Cap*Rock
The winery, which was established in 1987, has had a bumpy history — twice going into bankruptcy. With new ownership and the return of original winemaker, Michael Vorauer, Cap*Rock is poised to produce 20000 cases this year. Eventually, the winery will
Updated: 10/21/2011 02:13P
Saab faces bankruptcy as Chinese back away
SAAB Automobile's chances of avoiding bankruptcy dwindled after two Chinese companies backed away from plans to invest in the carmaker. Pang Da Automobile Trade and Zhejiang Youngman Lotus Automobile offered to buy Saab rather than invest in the
Updated: 10/21/2011 02:08P
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