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Plains All American Details SemGroup's Flaws
Plains All American CEO Greg Armstrong gently reminds fellow pipeline operator SemGroup why it has been posting losses since emerging from bankruptcy two years ago. They include “significant maintenance-capital expenditures and foreign
Updated: 10/24/2011 10:59A
Surviving NY manufacturers optimistic
JAMESTOWN, NY — When solid wood bedroom producer Crawford Furniture Mfg. announced it was filing for Chapter 11 bankruptcy protection in August, it signaled the demise of yet another New York furniture producer. Yet, despite the demise of Crawford and
Updated: 10/24/2011 10:58A
Houston company offers to buy SemGroup
SemGroup emerged from Chapter 11 bankruptcy protection in December 2009. “Since SemGroup's emergence from bankruptcy,” Armstrong said in a statement, “its assets and businesses have consistently and materially under-performed the projections in its
Updated: 10/24/2011 10:52A
Wisconsin Sees 9.5% Drop in Bankruptcies
Wisconsin state's number of bankruptcy filings has fallen by 9.5% this year. But analysts say they are not jumping for joy yet, at least not until the jobless rate in the state falls significantly. The number of bankruptcy cases in US bankruptcy court
Updated: 10/24/2011 10:52A
CLEPA urges against bankruptcy move for Saab
Europe's association for automotive suppliers (CLEPA) is cautioning that should Saab enter bankruptcy, its members would lose "everything." The embattled automaker is waiting for a decision by the Vanersborg District Court concerning an application by
Updated: 10/24/2011 10:46A
The Daily Docket: Innkeepers Sale Approved
A judge Friday approved a lower-priced sale of Innkeepers USA Trust's hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier's bankruptcy exit back on track after nearly two months of hiccups.
Updated: 10/24/2011 10:34A
Guest columnist: Solar Subsidies vs. Shipyard Jobs
Evergreen Solar in Massachusetts received $450 million from the state before closing domestic operations, firing 800 employees, moving to Wuhan, China, and filing for bankruptcy protection in the US Even the successful stories are not overly impressive
Updated: 10/24/2011 10:32A
Fearing bankruptcy, Greek Jews ask brethren abroad for help
Because the Jewish community's biggest source of income is real estate, its coffers have been particularly badly affected by the law. “A lot of the property is either vacant because people cannot afford them or the tenants are demanding rents reduced
Updated: 10/24/2011 10:30A
NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com | Judge
Skinner's lawyers have already asked the state courts to delay the execution and want Averitte to withhold any decision on the federal lawsuit until a request for DNA testing before Skinner's trial court - the third such request from Skinner - is
Updated: 10/24/2011 10:28A
Former President of FirstCity Bank Complies to Admit Guilty to Conspiracy of
CONNER also pleaded guilty to perjury in connection with his personal bankruptcy filing in federal bankruptcy court in January 2011. United States Attorney Sally Quillian Yates said, “Our nation's bank problems have contributed to the economic distress
Updated: 10/24/2011 10:28A
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