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Alabama's Biggest County Declares Bankruptcy
(November 9, 2011)—The leaders of Alabama's most populous county have voted to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. The Birmingham news reported that the Jefferson County Commission's action came
Updated: 11/09/2011 06:16P
State's largest county votes to file historic bankruptcy
BIRMINGHAM (AP) — Leaders of Alabama's most populous county on today voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. The Birmingham News reported the Jefferson County Commission's action came after
Updated: 11/09/2011 06:12P
Alabama's Jefferson County OKs Bankruptcy Filing
BIRMINGHAM, Alabama (Reuters) - Legislators in Alabama's Jefferson County on Wednesday voted 4 to 1 to file for bankruptcy court protection in what would be the biggest municipal bankruptcy in US history. Despite a tentative deal with creditors reached
Updated: 11/09/2011 06:11P
General Growth Properties Inc. working its way back from bankruptcy
Share price of General Growth Properties Inc. has remained static, underperforming the S&P 500, since its emergence from bankruptcy in November 2010. General Growth Properties Inc. working its way back from bankruptcy by Kyle Clapham General Growth
Updated: 11/09/2011 06:09P
Vermillion Buys Correlogic's Ovarian Cancer Assets for $435K; Correlogic
Correlogic filed for Chapter 11 bankruptcy on July 16, 2010, and this summer announced plans to auction its assets (PM 6/17/2011). This plan had been delayed, though, by an ongoing dispute between Correlogic and Quest and LabCorp regarding rights to
Updated: 11/09/2011 06:08P
Lehman Seeks to 'Monetize Stake' in Neuberger Berman, Raise $1.5 Billion
Lehman, which filed the biggest bankruptcy in US history in September 2008, won court approval three months later to sell Neuberger Berman for no cash to the firm's managers, who said their deal had more certainty in the credit crisis than a bid from
Updated: 11/09/2011 06:08P
Jefferson County Alabama Files Biggest Municipal Bankruptcy
9 (Bloomberg) -- Jefferson County, Alabama, filed the biggest US municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart. The county, home to Birmingham,
Updated: 11/09/2011 06:07P
Jefferson County Files Biggest US Municipal Bankruptcy
Joe Minter, Harry Turner, and Mabel Nunn demonstrate outside the Jefferson County courthouse as the county commissioners meet about the Jefferson County bankruptcy on Aug. 12, 2011 in Brimingham. Joe Minter, Harry Turner, and Mabel Nunn demonstrate
Updated: 11/09/2011 06:07P
Old ghosts still haunt new GM
And in something of a tribute to the quickie bankruptcy of its more recent past, GM on Wednesday posted solid third-quarter profit of $1.7-billion (US). But some old ghosts still haunt the new GM. First, there's worry about the near future,
Updated: 11/09/2011 06:07P
Alabama county files largest municipal bankruptcy
The elected leaders of Jefferson County, Ala., have voted to file the nation's largest bankruptcy because of more than $3 billion debt from sewer bonds. As The Birmingham News explains, county officials have been trying to
Updated: 11/09/2011 06:06P
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