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SME members deny rate hike, endorse bankruptcy filing
Members of a bankrupt rural electric co-op voted to roll back a 20 percent rate hike and generally endorsed a filing of bankruptcy during a special meeting Thursday in Billings. "There will be no rate increase of 20 percent," Great Falls City
Updated: 11/18/2011 07:03A
PSC plans intervention in SME bankruptcy case
A sharply divided Montana Public Service Commission voted 3-2 Thursday to intervene in a bankruptcy case involving a failed rural electric cooperative it does not directly regulate. The tight vote came in a sometimes tense meeting in which oral
Updated: 11/18/2011 07:03A
Crucial Stocks to Observe at Opening Bell - SCO, ORCL, NTAP, AMAT, PEIX
LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy Code in the United States
Updated: 11/18/2011 06:55A
Moscow Capital Bank bankruptcy administration extended for six months
The agency earlier said the bank sold real-estate units worth 210.4 million rubles ($6.78 million) in an open auction. It also reported that the court satisfied 205 of the bankruptcy administrator's applications to recover debts under loan contracts
Updated: 11/18/2011 06:35A
7 Financial Stocks Mauled By the Mortgage Meltdown
But particularly troubled are mortgage finance companies and “thrifts.” Thrifts specialize in two areas of business: mortgages and savings. Unfortunately, old mortgages are frequently drags on the bottom line and new mortgages are rare.
Updated: 11/18/2011 06:33A
Greece to present vital budget ahead of debt talks
The IMF indicated on Thursday that it was waiting to see broad political support from the Greek authorities for austerity measures before it will provide its share of the loan. Brussels is also demanding written pledges to deeply unpopular austerity
Updated: 11/18/2011 06:28A
Drumm hires $250-an-hour lawyers to defend Anglo fraud claim
Mr Drumm has also denied his US company, Harborlight Capital Partners, was set up with a "fictitious'' loan. Mrs Drumm is asking for a chance to defend allegations made against her and a trust she is involved with in the US, known as Epiphany.
Updated: 11/18/2011 06:18A
Blue Air goes after EpiCentre Theaters lease
Soon, he may also lose the home of his EpiCentre Theaters, which is poised for eviction under a new bankruptcy plan proposed by the owners of the project's debt, according to court documents. Blue Air 2010 LLC, which bought the EpiCentre's $93.97
Updated: 11/18/2011 06:16A
Court filing gives a glimpse of Ruden McClosky finances
Fort Lauderdale law firm Ruden McClosky has declared almost $20 million in “book value” for its accounts receivable, according to bankruptcy court filings. Ruden filed for Chapter 11 bankruptcy protection on Nov. 1. One of the downsides of filing for
Updated: 11/18/2011 06:12A
MF Global customers to get $520 mln
US Bankruptcy Judge Martin Glenn approved the payout at a hearing on Thursday in Manhattan. Later on Thursday, the company announced J. Randy MacDonald, its global head of retail, was no longer employed. The company said in a US Securities and Exchange
Updated: 11/18/2011 06:12A
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