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Saab signs Chinese takeover deal
Saab is currently in court trying to stave off bankruptcy. The agreement is valid until 15 November, as long as the Swedish carmaker stays in voluntary reorganisation in court. As a result of the deal Guy Lofalk, Saab's administrator, has withdrawn his
Updated: 10/28/2011 07:11A
Gazinvestbank wins 69 lawsuits for $78 mln
Courts have satisfied 69 lawsuits filed by Gazinvestbank's bankruptcy administrator for a total of $78 million, the Deposit Insurance Agency reports on Friday. According to the agency, which was earlier appointed the bank's bankruptcy administrator,
Updated: 10/28/2011 07:09A
Saab skirts bankruptcy as Chinese firms take over
Muller, whose company Swan -- at the time called Spyker -- bought Saab from US giant General Motors early last year for 400 million dollars, also then rescuing it from the brink of bankruptcy, said on Friday he thought the price was right.
Updated: 10/28/2011 07:01A
Saab signs deal to be bought by Chinese firms for £88m
Saab is currently in court trying to stave off bankruptcy. The agreement is valid until 15 November, as long as the Swedish carmaker stays in voluntary reorganisation in court. As a result of the deal Guy Lofalk, Saab's administrator, has withdrawn his
Updated: 10/28/2011 06:59A
Can Rhode Island be forced to pay its pension promises?
On Thursday, I noted in response to a reader that states cannot file for bankruptcy. That led to this provocative reply from another commenter, Jim Donahue: There is no law which allows it but there is no law denying it either.
Updated: 10/28/2011 06:40A
Saab Auto to Be Sold to Chinese Investors to Save Carmaker
By Bloomberg News Oct. 28 (Bloomberg) -- Saab Automobile's parent announced a deal to sell the Swedish carmaker to two Chinese companies in an effort to save the cash-strapped automaker from bankruptcy. Zhejiang Youngman Lotus Automobile Co. and Pang
Updated: 10/28/2011 06:35A
Administration pushes solar energy in West
The administration's push for renewable energy has come under attack since California-based Solyndra closed its doors two month ago after receiving a $528 million federal loan. The company declared bankruptcy and laid off its 1100 workers.
Updated: 10/28/2011 06:25A
Corbin Park sells at auction for $8.1 million to initial stalking horse bidder
Michael Schlup, the erstwhile stalking horse bidder on the Corbin Park retail project with $14 million, won an Oct. 24 bankruptcy auction for the stalled retail project with an $8.1 million bid. Schlup, who runs Leawood-based Aspen Square Inc.,
Updated: 10/28/2011 06:17A
Arcadia declares bankruptcy
The company has 62 employees and does not expect any layoffs, attorney Justin Heller said on Oct. 26. Arcadia reported $3.5 million of assets and about $5 million in debt, according to court papers. Sichko covers state government, manufacturing, law
Updated: 10/28/2011 06:12A
Finances for Charlotte's EpiCentre falsified, Blue Air alleges
complex — filed for Chapter 11 bankruptcy reorganization in July 2010. Ghazi contends Blue Air is using the court action ... Susan Stabley covers growth and the environment, and residential real estate for the Charlotte Business Journal.
Updated: 10/28/2011 06:11A
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