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Downtown Rockford developer declares bankruptcy
The fact that the real estate market plummeted so rapidly didn't help things. Still, he plans to continue to look for downtown homes and buildings to restore to their former glory. “I plan to continue to do what I do because people seem to like it,”
Updated: 11/18/2011 08:15A
18/11/2011No benefit for ruined Amsterdam Airlines staff
Employees of Dutch charter airline company Amsterdam Airlines are being forced to file for bankruptcy themselves. On Thursday, the 90 workers were informed that the board has pulled the plug on the ailing company without completing the necessary
Updated: 11/18/2011 08:15A
Medicis Wins Auction for Graceway Pharmaceuticals
In turn, Medicis will receive Graceway's commercial pharmaceutical product portfolio, which includes prescription products in the dermatology, respiratory and women's health specialties, and certain other assets. Medicis will add to its research and
Updated: 11/18/2011 08:14A
Greece: No New Austerity Measures Needed Next Year
And although it is not clear whether the EU and IMF will demand more pain from Greek voters and taxpayers, Finance Minister Evangelos Venizelos said no new tax hikes, public wage and pension cuts, or other belt-tightening steps were necessary if
Updated: 11/18/2011 08:13A
Energy Secretary Chu testifies about Solyndra scandal
The ranking Democrat on the subcommittee said the decision to issue a subpoena to the White House over Solyndra despite "good-faith efforts" by the White House to comply was nothing more than partisan politics. DeGette would prefer to sweep the matter
Updated: 11/18/2011 08:09A
Committee on Judicial Conduct: no discriminatory club memberships means no
Bankruptcy Judge George C. Paine remained a member of the Belle Meade Country Club, which effectively prohibits female and African-American members, even after they rebuffed his efforts to desegregate. The Sixth Circuit refused to hold this
Updated: 11/18/2011 08:02A
Is Europe set to declare a Chapter 11 in early 2012?
Somewhere inside the next three months we need to see a major change in politics, economics and investor will to look forward – the only way is to first feel and see the true Crisis 2.0, then to start thinking about ways to grow ourselves out of this
Updated: 11/18/2011 07:58A
This Filene's Basement's final markdown has a no return
I recently woke up to the news on the radio that Filene's Basement is filing for bankruptcy. Though the store had filed for bankruptcy three times in 10 years, this time it is closing for good in January,
Updated: 11/18/2011 07:53A
DOE chief Steven Chu testifies in House, explains legality of Solyndra's loan
The House subcommittee on oversight and investigation has now heard from United States Department of Energy Secretary Steven Chu regarding the department's role in the loan guarantee approval and loan restructuring of
Updated: 11/18/2011 07:52A
Legislative proposal Intervention Act
(Special Measures) Act (Wet bijzondere maatregelen financile ondernemingen; "Intervention Act") that was submitted to the lower house of the Dutch Parliament on 26 October 2011 by the Minister of Finance and the Minister of Security and Justice.
Updated: 11/18/2011 07:46A
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