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Solyndra Refinancing Not Illegal, Chu Tells Lawmakers
“If we had pulled the plug then, we were certain that Solyndra would go into bankruptcy,” Chu, 63, said. Asked how much of the taxpayer money invested in Solyndra may be recovered, Chu said, “I'm anticipating not very much.
Updated: 11/18/2011 12:15A
Jefferson County Sewer Receiver Fights For Control of Star-Crossed System
21 for the first fight of the biggest US municipal bankruptcy -- whether John S. Young Jr., the sewer system's court-appointed receiver, should go home to New Jersey. The Cherry Hill water executive has been running the utility, with more than $3.1
Updated: 11/18/2011 12:12A
MF Pares Down Its Ranks
In a bankruptcy court proceeding Wednesday, a lawyer representing MF Global noted the firm was reducing the size of its holding-company staff to four people, down from 13. Jon S. Corzine, who was chief executive as the firm collapsed into bankruptcy,
Updated: 11/18/2011 12:09A
Prominent couple's belongings sold at estate sale
The couple filed for bankruptcy Chapter 11 reorganization March 31 and converted the filing into a into a Chapter 7 liquidation June 28. The couple — he's from an old-line investment banking firm in Richmond and she's from the Mercer Rug business
Updated: 11/18/2011 12:07A
Sale of Crystal Cathedral to Diocese Approved
AP A bankruptcy judge approved the sale of the Crystal Cathedral to the Roman Catholic Diocese of Orange late Thursday, bringing to an end the bidding war that emerged between the diocese and Orange
Updated: 11/18/2011 12:06A
KEYC - Mankato News, Weather, Sports -Judge approves Crystal Cathedral sale to
(AP) - A federal judge on Thursday approved the sale of the Crystal Cathedral to the Roman Catholic Diocese of Orange to help the financially struggling megachurch emerge from bankruptcy. The decision by US Bankruptcy Court Judge Robert N. Kwan came
Updated: 11/18/2011 12:01A
Tanker firm files for bankruptcy protection
Yet another shipping firm has filed for Chapter 11 bankruptcy this week amid low freight rates and oversupply in the industry. New York-listed tanker firm General Maritime Corporation (Genmar) on Thursday filed voluntary petitions for Chapter 11 at the
Updated: 11/18/2011 12:00A
New leaders face tough tests on streets
Anti-austerity protesters clashed with riot police yesterday as Italy's new premier appealed to Italians to accept sacrifices to save their country from bankruptcy. And in Greece police used tear gas against youths protesting in Athens.
Updated: 11/17/2011 11:55P
US postal service loses $5.1 billion
Washington—The US Postal Service said it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume.
Updated: 11/17/2011 11:54P
Judge Approves Sale of Crystal Cathedral to Diocese
| AP AP SANTA ANA, California – A federal judge on Thursday approved the sale of the Crystal Cathedral to the Roman Catholic Diocese of Orange to help the financially struggling mega-church emerge from bankruptcy. The decision by US Bankruptcy Court
Updated: 11/17/2011 11:48P