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West Michigan reps support reforms in Detroit
GRAND RAPIDS, (WZZM) - West Michigan lawmakers say they support the efforts of Detroit Mayor Dave Bing to rescue the city from the brink of bankruptcy. "We can't let Detroit fail," says Democratic State Representative Roy Schmidt of Grand Rapids.
Updated: 11/17/2011 01:21A
Firm says it is DOE victim
STEPHENTOWN -- Beacon Power, the company that operates a $69 million flywheel plant in Stephentown in eastern Rensselaer County, says it was forced to declare bankruptcy not for financial reasons -- but because it "got
Updated: 11/17/2011 01:15A
Solyndra postpones sale until Jan, seeks better bids
The extra time will allow potential "turnkey" buyers to examine Solyndra's assets, the company's lawyers said in a notice filed in federal bankruptcy court in Delaware. The postponement came hours before a Capitol Hill hearing where Republicans are
Updated: 11/17/2011 01:14A
Solyndra Loan Decisions Mine, Chu to Tell Republican-Led Panel
The panel will hold a hearing today on the Energy Department's reasons for backing the California maker of solar panels and providing refinancing as it slid toward bankruptcy. “Our goal is to determine how the decisions were made to guarantee and lend
Updated: 11/17/2011 01:03A
What Separates Pro Athletes From Their Money?
Citing the rate at which pro athletes declare bankruptcy after their professional careers end, former Major League Baseball player Doug Glanville writes in his Time magazine column that the problem lies with the speed at which the money comes in.
Updated: 11/17/2011 01:03A
Bankruptcy filings continue to drop
The Associated Press - Hawai'i bankruptcy filings dropped for the seventh straight month. Federal data shows there were 260 bankruptcy cases filed in October, down 13 percent from the same month last year. That puts the state on track for the first
Updated: 11/17/2011 12:58A
MF Global cuts more jobs
A bankruptcy judge on Thursday will consider a request by James Giddens, the trustee supervising the liquidation of the MF Global Inc broker-dealer unit, to release $520 million associated with 23300 commodity customer accounts that contained only cash
Updated: 11/17/2011 12:55A
Uncertain Future
Crawford Furniture Manufacturing Corporation's attempt to continue making high-quality wood furniture while going through Chapter 11 bankruptcy is in danger. On Wednesday, Brett Cappa,
Updated: 11/17/2011 12:34A
State takeover pleases Harrisburg business leaders
The uncertainty of the debt crisis is having a negative effect on the city's development future, said J. Alex Hartzler, managing partner at WCI Partners, which develops residential real estate in the city. Hartzler, a city resident, is also president
Updated: 11/17/2011 12:32A
Alabama Governor Loses as State's Economic Capital Goes Bankrupt
He inserted his top finance official into negotiations, cajoled commissioners into delaying a decision twice and -- when a tentative deal was forged in September -- promised a legislative session to deliver the state's part of the deal.
Updated: 11/17/2011 12:32A
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