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Borders Liquidators Get 'Something' From George Harrison Guitar
During its bankruptcy, Borders closed more than 400 stores and laid off more than 10000 workers. The company had struggled with increasing competition for its products and the growing prevalence of e-books, prompting it to file for Chapter 11
Updated: 11/09/2011 12:05P
Solar bankruptcies mark industry coming of age
Stiff competition from China and subsidy cuts have increased the strain on solar companies and some, including Solyndra LLC and Evergreen Solar Inc, have filed for bankruptcy protection. Solyndra's failure stirred up a political storm in the United
Updated: 11/09/2011 12:03P
Senator aims to end Delaware's standing as a credit card haven
First, lawmakers took aim at the state's dominance in big bankruptcy filings (an effort that remains unresolved, but alive). Now, Rhode Island's junior senator, Democrat Sheldon Whitehouse, wants to strip the state's controversial standing as a
Updated: 11/09/2011 12:01P
Jon Stewart Takes on Jon Corzine on 'The Daily Show'
MF Global recently filed for bankruptcy protection and Corzine resigned from the company amid controversy. On the program, Stewart labeled Corzine “The Walking Debt.” Bill Clinton was also a guest on “The Daily Show.” Host Stewart made a joke about the
Updated: 11/09/2011 12:01P
Republic considers sale of Frontier Airlines
Republic Airways Holdings Inc. announced plans Tuesday to begin considering the sale of its Frontier Airlines business. The Indianapolis-based airline operator acquired Denver-based Frontier out of bankruptcy protection in 2009 and absorbed the former
Updated: 11/09/2011 11:58A
Uncle Sam's GM Investment Quandary
Taxpayers may recall that the government made a big investment in GM when the company emerged from bankruptcy. Some of that hefty investment -- roughly $50 billion -- was recouped nearly one year ago in GM's successful Initial Public Offering -- which
Updated: 11/09/2011 11:58A
Two MF Global Clients Spill About Their Frozen Accounts -- "It Was Like Being
But the reason why MF Global clients are so angry is because this wasn't suppose to happen -- even in the case of a bankruptcy. There is law that stipulates customer segregated accounts at futures merchants like MF Global must be released or moved
Updated: 11/09/2011 11:50A
Russian Billionaire Awarded Controversial Energy Dept. Loan
Just two months after the bankruptcy filing for publicly-financed solar-panel manufacturer Solyndra, controversy swirls around the latest questionable loan coming from the US Department of Energy. This time, the $730 million loan was given to Russian
Updated: 11/09/2011 11:44A
Sen. Coons Introduces Bill to Prevent Termination of Temporary Office of
Christopher Coons, D-Del., has introduced legislation (S. 1821) to "prevent the termination of the temporary office of bankruptcy judges in certain judicial districts." The bill was introduced on Nov. 8 and has seven co-sponsors.
Updated: 11/09/2011 11:43A
Borders, Vitro, Solyndra, Hussey, Chef Solutions: Bankruptcy
The plan in substance will distribute assets in the order of priority called for in bankruptcy law. Borders is aiming for a plan-confirmation hearing on Dec. 20. Borders completed liquidating the remaining stores in September.
Updated: 11/09/2011 11:41A
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