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Delphi goes public, but sees share price decline
Delphi Automotive PLC went public Thursday, two years after exiting bankruptcy, but the Troy company ended its first day on a down note when its shares fell 3 percent. The auto supplier raised nearly $530 million in its initial public stock offering,
Updated: 11/18/2011 01:03A

SME reverses decisions made without quorum, full board approves bankruptcy
In the midst of a bankruptcy, the co-op altered some of its actions approved at an October 21 meeting, that some board member say are illegal and improper because there was no quorum. Last month. three board members made some key decisions after voting
Updated: 11/18/2011 12:50A

Luxor Is Poised to Take Control of William Lyon in Restructuring
The reorganization plan comes after weeks of negotiations with creditors as the Newport Beach, California-based company's cash supply dwindled amid slowing home sales. Billionaire Thomas Barrack's Colony Financial Inc., which gave the builder a $206
Updated: 11/18/2011 12:40A

Luxor Poised to Gain Control of William Lyon in Bankruptcy Restructuring
The reorganization plan comes after weeks of negotiations with creditors as the Newport Beach, California-based company's cash supply dwindled amid slowing home sales. Billionaire Thomas Barrack's Colony Financial Inc. (CLNY), which gave the builder a
Updated: 11/18/2011 12:39A

FDIC Nominee, Investor Fraud, MF Global, Sandoz: Compliance
NetJets, the private-aircraft company owned by Warren Buffett's Berkshire Hathaway Inc., sued the US over excise taxes and penalties totaling $642.7 million assessed against the company. The Internal Revenue Service improperly assessed the so- called
Updated: 11/18/2011 12:36A

Hussey Copper bought by NY equity firm
A unit of Patriarch Partners was the winning bidder at a marathon auction Monday at US Bankruptcy Court in Wilmington, Del. Patriarch's $107.8 million offer for Hussey topped bidders that included Revere Copper Products and Nehoshet Enterprises,
Updated: 11/18/2011 12:35A

Court cases clarified; Golf bankruptcy, redistricting matters reviewed for council
The bankruptcy case against Trinidad Golf LLC, has been dismissed but the restaurant and pro shop at the golf course have been closed. Jerod Beatty, Trinidad city attorney, announced that the US Bankruptcy Court for the District of Colorado had
Updated: 11/18/2011 12:35A

HK bankruptcy petitions fall 1.4 pct in Oct vs Sept
HONG KONG, Nov 18 (Reuters) - Hong Kong bankruptcy petitions in October fell 1.4 percent from the month before to 623, but were up 6.7 percent from a year earlier, government data showed on Friday. The number of bankruptcy petitions for the first 10
Updated: 11/18/2011 12:29A

Going out of business, Syms has layoffs and sale
The going-out-of-business sales are being managed via a joint venture between Gordon Brothers Group LLC and Hilco Merchant Resources LLC. Bankrupt Syms Corp./Filene's Basement is unloading its inventory, along with its workers, as it closes its 46
Updated: 11/18/2011 12:25A

Southern reverses decisions made without quorum, full board approves bankruptcy
In the midst of a bankruptcy, the co-op altered some of its actions approved at an October 21 meeting, that some board member say are illegal and improper because there was no quorum. Last month. three board members made some key decisions.. after
Updated: 11/18/2011 12:22A

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