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CA's solar industry continues to show signs of distress
First it was the bankruptcy of Solyndra. Now, San Jose's SunPower, another solar panel maker, has hit rough waters -- a $370 million quarterly loss -- which will trigger layoffs and the exit of two top executives. SunPower CEO Sunpower thinks a
Updated: 11/04/2011 11:36P
WilmerHale | In re Qimonda AG: Protections for Intellectual Property Licensees
On October 28, 2011, the US Bankruptcy Court for the Eastern District of Virginia (the "US Bankruptcy Court") issued a decision important to the rights of intellectual property licensees, and creditors generally, in cross-border insolvency proceedings.
Updated: 11/04/2011 11:33P
Pillsbury Winthrop Shaw Pittman | "Living Wills" for Bank Holding Companies
regulation requiring a depository institution with over $50 billion in assets to prepare a living will detailing the resolution of the depository institution under the receivership authority of the Federal Deposit Insurance Act (the “FDI Act”).
Updated: 11/04/2011 11:33P
Clunkers turn to cash cows as dealership preys on low-income Americans
For most of those people, having a car is the only way to stay employed, and they'll accept almost any terms to get one. Buy Here Pay Here lots sold 2.4 million cars nationwide last year, up from 1.3 million a decade ago, according to CNW Marketing
Updated: 11/04/2011 11:19P
Corzine quits top job at MF Global Holdings
By BLOOMBERG NEWS NEW YORK — Jon Corzine, who joined MF Global Holdings 20 months ago to transform the futures broker into an investment bank, quit Friday amid regulatory probes and after the firm filed the eighth-largest bankruptcy in US history.
Updated: 11/04/2011 11:14P
Victory Jet files for bankruptcy
Victory Jet LLC, a fledgling charter-airline company once based at Piedmont Triad International Airport, has filed for Chapter 7 bankruptcy protection. The Greensboro company, founded in February, said in its Oct. 24 filing that it had liabilities of
Updated: 11/04/2011 11:08P
Corzine resigns from MF Global amid mounting probes
It was also reported that Corzine had hired a prominent criminal defense attorney. MF Global filed for Chapter 11 bankruptcy protection October 31, after rating agencies had downgraded its stocks to junk status over the firm's large-scale exposure to
Updated: 11/04/2011 11:07P
Dippin' Dots – 'future' of ice cream – files for bankruptcy
But Dippin' Dots filed for bankruptcy protection to stave off foreclosure. By Brett Barrouquere, Associated Press / November 4, 2011 A screen shot of the Dippin' Dots logo from dippindots.com. The flash-frozen ice cream vendor has filed for bankruptcy,
Updated: 11/04/2011 11:03P
National business briefs for Nov. 5
MF Global collapsed into bankruptcy Monday, and Corzine has since hired a criminal-defense attorney amid an FBI investigation into the disappearance of hundreds of millions of dollars in client money. MF Global's implosion, which came after Corzine
Updated: 11/04/2011 11:02P
The Complex 1980s, Viewed by 47 Artists
Art stars were born, but artists were dying of AIDS. All of this serves as a backdrop for “Circa 1986” at the Hudson Valley Center for Contemporary Art in Peekskill. “Compact Disc Stereo Love Seats (Hot Wheels),” 1988, by Joel Otterson.
Updated: 11/04/2011 10:35P