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Energy Secretary Defends Solyndra Loan
By MATTHEW L. WALD WASHINGTON — The bankruptcy of Solyndra, the solar power company that took $528 million in government loans, was “extremely unfortunate,” the Secretary of Energy Steven Chu told lawmakers on Thursday. But he rejected a suggestion put
Updated: 11/17/2011 01:55P
Athens flooded with protesters
Thousands of protesters are demonstrating in Athens against austerity measures demanded by the new unity government to persuade its creditors to release bankruptcy-saving loans. 'We will throw all of them out,' promised a banner held aloft by students,
Updated: 11/17/2011 01:49P
SP Newsprint files for bankruptcy, but says daily operations will continue
SP Newsprint and its holding companies filed for Chapter 11 bankruptcy Tuesday in a Delaware district court. Its profits aren't able to cover its current debts, and the company decided the move would maximize its "going concern value in an orderly
Updated: 11/17/2011 01:48P
How Kingfisher Airlines Mismanaged Itself To The Brink Of Bankruptcy
Kingfisher Airlines, the second biggest carrier in India, was denied a public bailout today by Civil Aviation Minister Vayalar Ravi. It may finally spell doom for the struggling airline, barring a major intervention by investors, reports Reuters.
Updated: 11/17/2011 01:48P
American Airlines' Dilemma: Creditors In The Captain's Seat
Current management may lose control of the corporate strategy and cash flows if the company is forced to file bankruptcy. But management does have an exclusive 180-day window of time to present a plan of reorganization.
Updated: 11/17/2011 01:47P
Minor clashes during student uprising march
Greek riot police fired tear gas against hooded protesters during an anti-austerity march on Thursday, one day after a national unity government took office charged with imposing painful tax rises and spending cuts to avert bankruptcy.
Updated: 11/17/2011 01:45P
Ferguson property sale under way at Three Chopt Road home
The personal property of Allen Mead Ferguson and his wife, Mary Rutherfoord Mercer Ferguson, is being sold today and through Sunday at their house, 6111 Three Chopt Road, near the University of Richmond. Proceeds from the court-ordered liquidation sale
Updated: 11/17/2011 01:44P
MF Judge Clears Transfer of 22000 Accounts
NEW YORK—A judge approved on Thursday the transfer of more than 22000 MF Global Holdings Ltd. brokerage accounts to new dealers, granting an emergency request from the trustee unwinding the company's brokerage.
Updated: 11/17/2011 01:37P
MF Global Bankruptcy: Judge Approves $520 Million Payout To Clients
Nothing in the law "requires that all customers receive similar rates of distributions at the same time," he said. Still unclear is the whereabouts of about $600 million of customer funds that have been unaccounted for since MF Global's Chapter 11
Updated: 11/17/2011 01:37P
Protests go on as Monti takes over
AS protests erupted in Rome and other cities, Italy's new premier unveiled his economic plan yesterday, vowing to spur growth and spread fairly the sacrifices Italians must accept to save their country from bankruptcy and the eurozone from collapse.
Updated: 11/17/2011 01:36P
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