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In Their Own Words: Meet City Council Candidate Darlene Stern
Have you or a business you owned (or had principal interest in) ever filed bankruptcy? As an adult, have you been convicted or charged with a crime other than a minor traffic violation? What is the primary reason you are running for
Updated: 10/27/2011 06:29A
Bankruptcy 'home stretch' eyed
Lehman Brothers says it has enough support from creditors to end its bankruptcy, which it entered in 2008. Lehman Brothers Holdings Inc. said its reorganization plan has the backing of creditors who hold more than $160 billion of claims, and believes
Updated: 10/27/2011 06:25A
Los Altos specialty markets saved from bankruptcy
The specialty market chain filed for bankruptcy on Aug. 22 and is in talks with investors to keep its seven stores open. (Kirstina Sangsahachart/ Daily News) Two Los Altos specialty chain markets may avoid having to close after a private investment
Updated: 10/27/2011 06:23A
Greece's communists warn of 'disorderly default'
European leaders have effectively made Greece's bankruptcy official, Communist Party leader Aleka Papariga said on Thursday, adding that the situation could develop into disorderly default. She did not elaborate. Eurozone leaders struck a deal with
Updated: 10/27/2011 06:14A
For Peninsula, a new executive team—and possible layoffs
Peninsula Hospital has a new management team in place to put the hospital on better financial footing by the time it emerges from bankruptcy. Recent hires include Michael Kaminski, the former president and chief executive of Kingston, Interfaith and
Updated: 10/27/2011 06:02A
Nortel seeks to pay $4.4m bonuses to key US employees
Canadian vendor files papers to enable it to pay bonuses to 100 key employees still employed at US unit. Nortel Networks Corp.'s US unit is seeking to hand out about $4.4 million in bonuses in 2012 to
Updated: 10/27/2011 05:40A
Suntech Power is Still Making Profits, Says CEO
iChinaStock News) Shi Zhengrong, Chairman and CEO of Suntech Power (NYSE: STP), said in an interview with Chinese media today that the company is still making profits, refuting earlier rumors that the Chinese solar panel maker is going into bankruptcy.
Updated: 10/27/2011 05:21A
Bankruptcy Court To Slice Off Real Estate from Giordano's Pizzeria Operations
Philip V. Martino, the Chapter 11 Trustee for Chicago pizzeria chain Giordano's Enterprises Inc., filed a motion to approve Italian Food Network LLC, as the stalking horse bidder to purchase Giordano's restaurant operations for $26
Updated: 10/27/2011 04:21A
McCourt, MLB may be closer to a deal
LOS ANGELES — The Dodgers' bankruptcy trial has been postponed for one month so Dodgers owner Frank McCourt and Major League Baseball can explore a possible settlement under which McCourt would agree to sell the team, multiple people familiar with the
Updated: 10/27/2011 04:16A
This election, think fiscal responsibility
As Vallejo emerges from bankruptcy, we need leaders who are fiscally responsible. Joanne Schivley, Robert McConnell and Bob Sampayan have ideas on restructuring Vallejo to make it more efficient. They are the only candidates opposing Measure B,
Updated: 10/27/2011 04:09A