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Special report: Harrisburg: 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 12:12P
McCourt, MLB talking settlement, sale of team
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 matter said
Updated: 10/27/2011 12:11P
Galardi faces new hurdle in bid for Stars
Tom Gaglardi cleared one hurdle in his plan to buy the Dallas Stars through the US Bankruptcy Court – no competing bidders emerged by last Saturday's deadline – but he faces another one from the Internal Revenue Service. A report in the Dow Jones Daily
Updated: 10/27/2011 12:10P
A Clean Slate, Inc. (DRWN), Announces Formation of a Mediation Subsidiary
Debt, Foreclosure, Bankruptcy and Financial trauma often leads to marital distress and divorce. The numbers are staggering. Total US consumer debt rose 3% in March 2011 to $2.419 Trillion. The US credit card 180-day delinquency rate was 6.21% in
Updated: 10/27/2011 12:06P
Nicholas Kristof: Crony Capitalism Comes Home
Capitalism is so successful an economic system partly because of an internal discipline that allows for loss and even bankruptcy. It's the possibility of failure that creates the opportunity for triumph. Yet many of America's major banks are too big to
Updated: 10/27/2011 12:04P
Swedish Automobile in final talks for Saab
AS) said on Thursday it was in "intense final negotiations with relevant investors" to secure vital financing for carmaker Saab, one day before a court could pull the plug on its bankruptcy protection. The administrator in charge of Saab's bankruptcy
Updated: 10/27/2011 12:03P
Chrysler Posts Strong Profit on Jump in Sales
DETROIT — Chrysler on Thursday said it earned $212 million in the third quarter, the automaker's largest profit since its 2009 bankruptcy, as sales increased 24 percent worldwide. The company, which is majority owned by the Italian
Updated: 10/27/2011 12:03P
Harrisburg: a city at war with itself
HARRISBURG, Pennsylvania (Reuters) - For three days last summer, Mayor Linda Thompson joined religious leaders to pray for a "cooperative spirit" among city leaders, the business community and residents here in
Updated: 10/27/2011 12:02P
Saab bids to avoid bankruptcy
Saab Automobile submitted a last-minute plea to a Swedish district court for few more days to present its argument why it should not be thrust into bankruptcy, claiming a new deal with Chinese backers Pang Da and Youngman could come "any time now".
Updated: 10/27/2011 11:48A
Lehman Brothers Closer To End Bankruptcy
The bankruptcy of Lehman Brothers Holdings Inc. remains the largest insolvency filling in the United States. However, since the filling, Lehman has tried to improve its situation and it just announced that it is getting closer to end its record
Updated: 10/27/2011 11:48A
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