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White House agrees to turn over some Solyndra documents
President Obama made a highly publicized visit to a Solyndra facility last year, before the company's bankruptcy. Washington (CNN) -- The White House agreed Thursday to turn over some documents demanded under subpoena by a House panel
Updated: 11/10/2011 06:10P
Alabama County in Largest Municipal Bankruptcy
Jefferson County, Ala., declared bankruptcy on Thursday, Nov. 10. It is the largest municipal bankruptcy in the history of the United States. The goal, the county said in a statement, is to “restructure more than $4 billion” in debt,
Updated: 11/10/2011 06:08P
Greece, Italy turn to experts for way out of debt
He replaces outgoing Prime Minister George Papandreou midway through his four-year term, ending a family dynasty that has dominated Greek politics for decades. In Washington, State Department spokesman Mark Toner welcomed Papademos' appointment and
Updated: 11/10/2011 05:53P
"A new day" in Jeffco as bankruptcy process is laid out
"It's a new day." That's how Jefferson County Commission President David Carrington described the first day of the largest municipal bankruptcy in US history. Carrington was part of the county's team in federal
Updated: 11/10/2011 05:34P
What happens when an entire county goes bankrupt?
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another
Updated: 11/10/2011 05:32P
Stroock Announces Representation of Commodities Exchange Members in Connection
Stroock & Stroock & Lavan LLP announced today that it has been retained by a group of futures and commodities members from NYMEX and COMEX in connection with the liquidation proceedings of MF Global, Inc. in the United States Bankruptcy Court for the
Updated: 11/10/2011 05:30P
'Path won't be easy,' says new Greek PM
ATHENS—Greece named banker Lucas Papademos as head of a new crisis government on Thursday, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the eurozone. A solemn Papademos called on Greeks to
Updated: 11/10/2011 05:30P
Sewer boss wants to stay on payroll
Jefferson County sewer receiver John Young has filed an emergency motion in federal bankruptcy court, asking Judge Thomas Bennett to allow him to keep control of the system and its rates during the bankruptcy process.
Updated: 11/10/2011 05:29P
Neuberger Berman, Lehman estate agree on plan for equity transfer
The first step of the agreement, filed in US Bankruptcy Court in New York, calls for Neuberger Berman to use its free cash flow, employee purchases or external financing to redeem, at par, $813 million of preferred equity held by Lehman Brothers Estate
Updated: 11/10/2011 05:27P
Fate of Chrystal Cathedral up to judge
A bankruptcy judge is scheduled to decide on the future of the complex at a hearing Monday, The Orange County Register reported. At a hearing Wednesday, a lawyer for the diocese said it was adding $1.8 million to its offer for the cathedral,
Updated: 11/10/2011 05:18P