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Saab escapes bankruptcy
STOCKHOLM: Beleaguered Saab appears to once again have narrowly avoided bankruptcy, announcing yesterday that two Chinese companies will buy it for 100 million euros ($142 million), making it the second Swedish carmaker after Volvo to take the road to
Updated: 10/28/2011 05:14P
Riverbend development facing cease-and-desist order
A troubled New Castle housing development caught up in bankruptcy and foreclosure claims now faces a state cease-and-desist order demanding resolution of wide-ranging wetland and stormwater management offenses. The Department of Natural Resources and
Updated: 10/28/2011 05:13P
Point Blank's $36.6 Million Sale to Sun Capital Approved
US Bankruptcy Judge Peter Walsh approved the sale to Point Blank Enterprises Inc. at a hearing today in Wilmington, Delaware. The final auction price was almost twice as much as the initial bid of about $20 million from an affiliate of Gores Group LLC.
Updated: 10/28/2011 05:11P
Weather arbitrage in Greek bailout will raise costs
Part of Europe's attempt to keep Greece out of bankruptcy employs an ingenious arbitrage of weather. The plan approved by European leaders on Oct. 27 to restructure the country's huge debt collateralizes a solar-energy project not yet in
Updated: 10/28/2011 05:04P
North Park Theatre's Next Steps: Behind the Scene TV
Now Lyric Opera San Diego, the musical theater company that owns the Birch, has filed bankruptcy. The theater's still open for certain events and productions, but it's unclear how the bankruptcy will impact the theater's role as cornerstone in the new
Updated: 10/28/2011 04:42P
Released From Rehab, but Still a Bit Unsteady
AS Chrysler has tried to rescue its aged product lineup from the ravages of cost-cutting, bankruptcy and general neglect, some models have needed more radical surgery than others. The deficiencies of the Sebring convertible,
Updated: 10/28/2011 04:35P
Portfolio Recovery Beats By A Penny
Earnings were primarily driven by strong top-line growth attributable to continuous improvement in cash collections from both bankruptcy and core portfolios, partly offset by weak performance in the fee-for-service business.
Updated: 10/28/2011 04:32P
Yarnell's Searcy plant set for Nov. 30 auction
By AP | October 28, 2011 SEARCY, Ark. (AP) — The Searcy plant of Yarnell's Ice Cream Co., which has been mired in bankruptcy since August, is to be sold at auction at the end of next month. The Daily Citizen reports (http://bit.ly/v8YqvS ) that the
Updated: 10/28/2011 04:29P
TV company FactBased Communications Media declares bankruptcy
The announcement follows revelations that the company made programs for the BBC about Malaysia while receiving money from the Malaysian government to promote its image. In 2008, documents were reportedly filed with the US House of Representatives
Updated: 10/28/2011 04:27P
Buchanan Ingersoll & Rooney PC | The Petition Date Stops Here: No Nunc Pro
While the Bankruptcy Court has the equitable power under § 105 to issue orders nunc pro tunc, “[s]ection 105 must in all cases be carefully construed so as to implement and fit the specific provisions of the Bankruptcy Code.” Id. In addition, the court
Updated: 10/28/2011 04:24P
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