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Debt rating agency: Outlook stable for Station Casinos
A second Wall Street debt rating agency says the outlook for Station Casinos LLC of Las Vegas is stable now that it's operating out of bankruptcy. Moody's Investors Service assigned a "B3'' Corporate Family Rating to Station
Updated: 10/24/2011 05:53P
Goldman sued by Capmark, conflicts alleged
Last week, a Louisiana pension fund accused Goldman in a lawsuit of advising El Paso Corp to accept a "low" $21 billion takeover by rival natural gas company Kinder Morgan Inc to help Goldman cop higher advisory fees and boost the value of its roughly
Updated: 10/24/2011 05:46P
Gov. Corbett declares fiscal emergency in City of Harrisburg
The city, which has more than $300 million in debt linked to a revamp of its incinerator, declared bankruptcy earlier this month. Last week, Corbett, who opposed the bankruptcy filing, approved a bill that creates a framework for a state takeover of
Updated: 10/24/2011 05:42P
Kodak Hires Top Firm That Specializes in Bankruptcy
Last month Kodak issued a statement denying Bankruptcy claims, they did however confirm that they hired Jones Day- a top law firm regarded for its work in company bankruptancy. Sally Turner | Oct 24, 2011 | 1min:32sec This isn't the first time Kodak
Updated: 10/24/2011 05:37P
Gaglardi is a step closer to owning the Stars
The Stars filed for a pre-packaged bankruptcy after Gaglardi and the lenders who currently own the club reached an agreement. With no one else stepping up to attempt to beat Gaglardi's bid, it looks like he'll become the next owner of the Stars.
Updated: 10/24/2011 05:26P
Corbett launches state takeover of Pa. capital
The likelihood of Corbett's takeover hastened a move by a divided City Council to file a Chapter 9 bankruptcy petition in federal court earlier this month. Opponents of the takeover law say it is unconstitutional.
Updated: 10/24/2011 05:10P
Ex-UB40 Singer Ali Campbell Bankrupt
A week after four members of UB40 declared bankruptcy, the news has come out that the British reggae band's former singer, Ali Campbell, declared bankruptcy earlier this year. The Sun reports that Campbell was declared insolvent in Bournemouth County
Updated: 10/24/2011 05:03P
I'll be calling Mr Plevleniev only on business terms
After the run-off is over national consensus should be sought on several issues: the pact for financial stability, adoption of the key amendments of the law on property acquired by illegal means. The parliament must understand that if it doesn't pass
Updated: 10/24/2011 05:02P
RPT-Pennsylvania declares fiscal emergency in Harrisburg
The city, which has more than $300 million in debt linked to a revamp of its incinerator, declared bankruptcy earlier this month. Last week, Corbett, who opposed the bankruptcy filing, approved a bill that creates a framework for a state takeover of
Updated: 10/24/2011 05:01P
Bankruptcy lawyer: National unions may block CF pension deal
“Credit Central Falls; they're dealing with the issue,” [said Jonathan Henes, a New York restructuring partner at law firm Kirkland & Ellis LLP.] “When I look at the whole world — cities and states, the federal government, and even Europe — there's a
Updated: 10/24/2011 04:58P
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