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Damon's Grill closures point out the risks of gift cards
By Sheryl Harris, The Plain Dealer AP When Damon's Grill closed the last of its Ohio restaurants after a long slog through bankruptcy court, Bob McGuire of Middleburg Heights was one of many customers stuck with unused gift cards.
Updated: 10/29/2011 11:06A

Two China shipyards went into bankruptcy
According to the report of 21 Century Finace Reporter, real estate of Qiya Ship Engineering company was first auctioned in September but failed. On October 21 the second try of auction was stopped by local court because of Qiya's assets deficiency.
Updated: 10/29/2011 09:11A

Bankruptcy proceedings for Oct. 29, 2011
Paul Jerome and Shannon Jane Schafer, also known as Shannon Owsley and Shannon Lommen, Grand Forks, Chapter 7, debts of $711535, assets of $276901. Schafer is self-employed. Mrs. Schafer is a day-care provider. Scott Jay and Kiki Jo Schatz,
Updated: 10/29/2011 08:27A

Supreme Court of Iceland emergency law ruling: reactions
The Supreme Court of Iceland yesterday ruled that the emergency law on prioritisation of bankruptcy claims will remain in force. In the specific case of Landsbanki, this means that British and Dutch claims to cover the Icesave debt can now be paid out.
Updated: 10/29/2011 07:55A

Lehman Trustee Says Judge Erred in Giving Barclays $1.1 Billion
A US bankruptcy judge erred in awarding $1.1 billion in assets to Barclays Plc (BARC) after the UK bank bought Lehman Brothers Holdings Inc. (LEHMQ)'s North American businesses, the trustee for the
Updated: 10/29/2011 07:21A

After Scandal, Solar Industry Looks On Bright Side
Solar power's image has taken a hit lately with the bankruptcy of Solyndra. The California solar panel manufacturer received more than half a billion dollars in Energy Department loan guarantees before going belly up. But the industry is still
Updated: 10/29/2011 06:05A

New owners likely for Saab
Saab Automobile will likely change owners for the second time in as many years as the Swedish automaker seeks to restart production and stave off bankruptcy. Zhejiang Youngman Lotus Automobile and Pang Da Automobile Trade reached a tentative deal
Updated: 10/29/2011 05:53A

BC-Sports Briefs
AP By AP ST. LOUIS (AP) — St. Louis won a remarkable World Series it wasn't even supposed to reach, beating Texas 6-2 in Game 7 with another key hit by hometown MVP David Freese and six gutty innings from Chris Carpenter.
Updated: 10/29/2011 05:37A

'Cautious optimism' over Saab's second escape
While the sale of Saab Automobile may have once again helped the troubled Swedish automaker avoid bankruptcy, uncertainties about possible layoffs and obtaining necessary approvals remain. Beleaguered Saab appears to once again have narrowly avoided
Updated: 10/29/2011 05:26A

FOP chief: Bankruptcy not goal
FOP is prepared to negotiate changes to Act 47, the state law governing fiscally distressed municipalities like Scranton, and plans to have a representative testify next month at a second joint House-Senate hearing on the future of that law, said Neri.
Updated: 10/29/2011 04:11A

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