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A&P to Seek $490 Million Financing From Yucaipa, Kellett
The agreement will enable A&P to emerge from Chapter 11 bankruptcy court protection early next year, the Montvale, New Jersey-based supermarket operator said yesterday in a statement sent by Business Wire. The agreement is subject to approval by the US
Updated: 11/04/2011 12:10A
Union Rep: Waldbaum's Workers Unwilling to Shoulder Burden
The Great Atlantic and Pacific Tea Company (A&P) declared bankruptcy in 2010 and approached all 13 United Food and Commercial Workers (UFCW) Unions, including Local 338 of Waldbaum's in Carle Place, and asked for “concessionary bargaining to help the
Updated: 11/04/2011 12:09A
Delphi plans $550M stock offer
Troy-based Delphi, which exited bankruptcy in October 2009 after a four-year restructuring, expects to disclose the terms of its slimmer IPO as early as this week, a person briefed on the matter said. Delphi said it could not comment on the report.
Updated: 11/04/2011 12:07A
Emerald Auto loan could face political peril
Emerald Automotive, a hybrid delivery van startup that wants to build a $170 million plant in Hazelwood, will face heightened scrutiny for crucial federal financing amid a furor over energy loans gone bad, industry analysts say. To build its plant,
Updated: 11/04/2011 12:02A
Two faces of MF Global's Jon Corzine
"Corzine has violated every rule about what not to do," says Janet Tavakoli, a Chicago-based derivatives consultant, who has written several books on structured finance. "Corzine is a caricature of a financial meltdown." The president of Tavakoli
Updated: 11/03/2011 11:58P
Anglo seeks judgment to hold Quinn responsible for 2bn debt
ANGLO Irish Bank has asked the courts to make Sean Quinn legally responsible for more than 2bn of debt, in a move that could clear the way for a bankruptcy action against him. Papers filed with the court in Dublin on Wednesday night
Updated: 11/03/2011 11:48P
Missing Money? Insider Trading? MF Global Mess Is Far From Over
When MF Global's troubles erupted last week and ended with the firm's bankruptcy it seemed the mess would be cleaned up fairly quickly. Buyers were supposedly stepping up to buy pieces of the firm, the bankruptcy was filed quickly to avoid further
Updated: 11/03/2011 11:41P
Bonuses For the Bankrupt
Senior executives at Solyndra collected hefty bonuses -- ranging from $37000 to $60000 apiece -- as the Fremont company bled cash and careened toward bankruptcy this summer. Bankruptcy documents filed in Delaware earlier this week reveal that more than
Updated: 11/03/2011 11:40P
Get to the bottom of this
Solyndra, the California solar industry giant that declared bankruptcy in September, never was a financially feasible proposition. According to published reports, the firm had lost hundreds of millions of dollars before September 2009,
Updated: 11/03/2011 11:35P
Recent federal contracts, deals and bankruptcy filings involving Maryland
BAE Systems Technology Solutions & Services of Rockville won $409135 from the Air Force for noise reduction. Culver Group of Manchester won $105090 from the Defense Logistics Agency for handheld barcode readers. Emmes of Rockville won $29.65 million
Updated: 11/03/2011 11:31P
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