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Solyndra: House Wants More Testimony
Members of the Republican-led House of Representatives are putting pressure on the White House following the bankruptcy of solar panel company Solyndra. The company received a $535 million loan guarantee as part of US President Barack Obama's green
Updated: 10/24/2011 06:15A
Saint Vincent bankruptcy cost nearly $50M in fees alone
Closing down the operations of Saint Vincent Catholic Medical Centers and settling its debts have cost nearly $50 million in professional fees—and the bankruptcy case is still in full swing. Since SVCMC filed for bankruptcy protection for the second
Updated: 10/24/2011 06:08A
All Eyes On AMR After Gloomy Analyst Report
Shares of American Airlines parent AMR were being closely watched on Monday after they fell more than 5 percent on Friday as a Morningstar analyst said the carrier is likely headed for bankruptcy. Analyst Basili Alukos said, based on information
Updated: 10/24/2011 05:55A
Saab owner breaks off Chinese funding deal
Swedish Automobile, the Dutch owner of beleaguered Swedish carmaker Saab, has said it has broken off a deal for funding with two Chinese firms, seen as the only hope of keeping Saab out of bankruptcy. AFP - Swedish Automobile, the Dutch owner of
Updated: 10/24/2011 05:55A
SWEDEN: Saab rejects 100% share proposal from Youngman and Pang Da
Saab says it has turned down an offer from Pang Da and Youngman to purchase 100% of its shares, as it waits for a Court decision on whether or not to lift its bankruptcy protection. The news comes as the Swedish automaker revealed it had also
Updated: 10/24/2011 04:52A
Letter: What qualifies Cain to be president? Glad lefty Hiaasen asked
Well, let me count the ways: Cain took control of a company on the brink of bankruptcy and turned it around in just over a year. That is exactly what this country needs. After all, the present occupant of the White House, who never held a real job,
Updated: 10/24/2011 04:32A
Personnel costs could force municipalities into bankruptcy
That could lead some municipalities to consider filing for bankruptcy as an alternative to entering Act 47's fiscally distressed program, although opinion on that strategy is divided. The ruling that Act 47 plans don't apply to arbitration awards under
Updated: 10/24/2011 04:29A
Elcoteq's Tallinn plant seeking buyers
Despite the bankruptcy of the Luxembourg-registered and Helsinki-listed parent Elcoteq SE, Elcoteq Tallinn continues to operate while waiting to be sold to a new owner, writes news2biz. Elcoteq SE's creditors declined to allocate new loans in June,
Updated: 10/24/2011 04:27A
CMS Cameron McKenna | Ukraine: secured creditors have lost certain privileges
2343-XII, dated 14 May 1992, as amended (the “Bankruptcy Law”). During recent years, Ukrainian court practice has developed in such a way that secured creditors in bankruptcy proceedings (ie creditors whose claims were secured by pledges/mortgages over
Updated: 10/24/2011 04:25A
Court extends bankruptcy proceedings in bank for another six months
A commercial court has extended a Moscow bank's bankruptcy procedure for another six months, the court told the Russian Legal Information Agency (RAPSI) on Monday. According to the state-run Deposit Insurance Agency (DIA) appointed Stolypin Bank's
Updated: 10/24/2011 03:35A
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