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Op-Ed: Taxpayers see red over green energy loans
Still, the Obama administration's controversial Department of Energy (DOE) continues to funnel hundreds of millions of dollars to similar green energy companies as part of the president's $38.6 billion green jobs program. Increasingly, Americans wonder
Updated: 11/03/2011 12:09P
Suitors lining up to bid on Dodgers
An investment group led by former Dodgers Garvey and Hershiser is preparing a proposal to buy the Dodgers in a bankruptcy court auction, according to an espn.com report. McCourt and MLB issued a joint statement Tuesday night to announce he would sell
Updated: 11/03/2011 12:07P
MF Global Wasn't Forthcoming With Fund Details, Gensler Says
MF Global Holdings Ltd., the broker that filed for bankruptcy on Oct. 31, wasn't “forthcoming” with details about its customer funds last weekend, said Gary Gensler, chairman of the US Commodity Futures
Updated: 11/03/2011 12:06P
CIT will consider buys as it looks to grow assets
CIT, a lender to small and mid-sized businesses, has been working to refinance high-cost debt, purge unwanted loan portfolios and fund more of its loans from its bank unit since emerging from bankruptcy almost two years ago. The company's assets shrank
Updated: 11/03/2011 12:06P
Bankruptcy court judge approves plan to sell ailing Central Progressive Bank
A US Bankruptcy Court judge has approved the basic plan for selling the stock in ailing Central Progressive Bank. On Wednesday Judge Jerry Brown pushed back the proposed date for the auction until later in November to encourage more bidders to
Updated: 11/03/2011 12:05P
Verizon sued over FairPoint's bankrtuptcy by litigation trust
Following the completion of the acquisition in 2009, FairPoint became saddled with a number of customer service, order fulfillment and billing problems. When it could not overcome these issues, it filed for Chapter 11 bankruptcy protection in October
Updated: 11/03/2011 12:03P
Syms, Filene's file for bankruptcy, all stores to close
NEW YORK (AP) — Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores. An employee who answered the phone at the Syms at 1340 Swededford Road, Berwyn,
Updated: 11/03/2011 12:02P
Kodak loss twice as bad as analysts expected
Earlier in the year, shares fell by 25% after the company took out a £103 million loan and was forced to deny rumours of bankruptcy after hiring Jones Day, a law firm often associated with bankruptcy protection cases. Kodak also reports that it has
Updated: 11/03/2011 11:54A
Beacon CEO rebuts Solyndra comparison
The CEO of energy storage company Beacon Power, a recipient of a loan guarantee from the Department of Energy (DOE) which has filed for Chapter 11 bankruptcy, has taken exception to media reports comparing his company to bankrupt solar panel
Updated: 11/03/2011 11:53A
Learn from Solyndra, Deregulate the Energy Market
The bankruptcy of the solar energy company Solyndra not only cost taxpayers over half a billion, it also dealt a serious blow to the nation's adoption of clean energy. The Obama administration's attempt to jump-start the clean energy sector by picking
Updated: 11/03/2011 11:53A
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