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Special Report: Harrisburg, Pa: a city at war with itself
Looking for a way to resolve $300 million in debt, the city council defied Thompson and voted to file for bankruptcy this month. Not only did a majority of the council go against the mayor's wishes, but the council members also decided not to even tell
Updated: 10/27/2011 07:47A
Tech ticker
Google spent more than $500 million to acquire another 27 companies during the third quarter, the busiest shopping spree in the Internet search leader's history. The latest flurry of deals raised Google's acquisition count to 57 companies through the
Updated: 10/27/2011 07:39A
BorgWarner, Apple, BT Group, Kodak: Intellectual Property
Some potential bidders have raised concerns about creditors' claims on the assets, making a sale more difficult outside of bankruptcy court, these people said. Kodak is seeking to sell the assets outside of bankruptcy, two other people said.
Updated: 10/27/2011 07:30A
FREEDOM VIEW: Canary in the coal mine
The announcement that Pennsylvania's capital city, Harrisburg, has filed for bankruptcy protection has sent shockwaves throughout the nation's financial community. That was followed by Pennsylvania Gov. Tom Corbett signing legislation Thursday allowing
Updated: 10/27/2011 07:12A
Big dreams for Hungarian big-box retail dim as Electro World goes dark
By Erik D'Amato Earlier this week a Pest County court apparently decided that two stints in bankruptcy protection Electro World Magyarorszg were enough, and ordered for it to be wound up. The company's demise comes as a small but palpable blow to
Updated: 10/27/2011 07:12A
House Democrats push for investigation of bankrupt Open Range's federal loans
Democrats from the House called on Congress to expand its investigation into federal loan programs to include bankrupt WiMAX operator Open Range Communications, which received a loan from the US Department of Agriculture's Rural Utilities Service (RUS)
Updated: 10/27/2011 07:08A
SWEDEN: Saab to present formal opposition to ending reorganisation
Saab is due to present its formal opposition today (27 October) to plans by administrator Guy Lofalk to end its bankruptcy protection position. The Vanersborg District Court is due to hear the application with Saab apparently teetering on the edge of
Updated: 10/27/2011 07:00A
Saab to present opposition to reorganisation end
Saab is due to present its formal opposition today (27 October) to plans by administrator Guy Lofalk to end its bankruptcy protection position. The Vanersborg District Court is due to hear the application with Saab apparently teetering on the edge of
Updated: 10/27/2011 07:00A
Justin French's wife files for bankruptcy
There is a second mortgage on the house held by Village Bank totaling $900000, according to the bankruptcy filing. Other assets include $4500 worth of furniture, appliances and other household goods, some of which are stated as being held by the FBI in
Updated: 10/27/2011 06:54A
Books-A-Million fills some Borders void
The bankruptcy of Borders Group led to the closing of 400 book stores but competitor Books-A-Million is looking for some of Borders old customers by setting up shop in 41 cities, according to the Washington Business Journal. The 41 new stores include
Updated: 10/27/2011 06:51A
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