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Deal with bank gets Farmington Legion club some more breathing room
The Legion, which declared bankruptcy last month after announcing it was looking for a buyer for its club building on Eighth Street, has reached an agreement with its bank that will keep the building open through at least the end of December.
Updated: 11/18/2011 09:46A
Crystal Cathedral goes to Roman Catholic Diocese of Orange
GARDEN GROVE - A bankruptcy judge ruled Thursday that the Crystal Cathedral, a monument to modernism in faith and architecture, will be sold for $57.5 million to the Roman Catholic Diocese of Orange. It plans to consecrate it as a Catholic cathedral.
Updated: 11/18/2011 09:46A
Rottlund Homes Folds as Housing Industry Pains Continue
The good news is the company is not filing for bankruptcy. In fact, they are closing up shop so they can honor their commitments and avoid bankruptcy. But the industry is hurting, and after 40 years in business the writing is on the wall.
Updated: 11/18/2011 09:43A
MF Global probe finds customer funds moved before bankruptcy: source
By Bloomberg News MF Global Holdings Ltd. moved hundreds of millions of dollars from its futures client accounts to its own securities brokerage before its Oct. 31 bankruptcy, according to person familiar with the audit of the company.
Updated: 11/18/2011 09:38A
Beacon Power Follows Solyndra into Bankruptcy
Beacon Power, a Massachusetts-based company that won praise from renewable power activists and loan guarantees from the federal government, has filed for bankruptcy, potentially leaving taxpayers on the hook for $43 million. The company, which promised
Updated: 11/18/2011 09:31A
Medicis Wins Bankruptcy Auction For Graceway
(MRX) won a bankruptcy auction bid to acquire Graceway Pharmaceuticals LLC for $455 million, topping another company's stalking horse bid. Graceway, which filed for Chapter 11 bankruptcy protection in September, is a specialty pharmaceutical company
Updated: 11/18/2011 09:24A
$600 million still missing in MF Global books:WSJ
NEW YORK (MarketWatch) -- Regulators have discovered MF Global Holdings Ltd. shifted hundreds of millions of dollars of customer funds to its own brokerage accounts days before its bankruptcy filing on Oct. 31, the Wall Street Journal
Updated: 11/18/2011 09:10A
The Globe and Mail
Investors have become increasingly fidgety about the prospect of Spain and Italy succumbing to the same bond market pressures that have seen three countries bailed out. Stocks have taken a battering as borrowing rates jumped, not just for Spain and
Updated: 11/18/2011 09:02A
Governor Bentley criticized in Businessweek article
Governor Robert Bentley is in the center of some national criticism for allowing Jefferson County to file the largest municipal bankruptcy case in US history. Businessweek slams the governor for his inability to help the
Updated: 11/18/2011 08:53A
From a waterfront penthouse and executive aircraft to flirting with bankruptcy
A Toronto man who has served time in prison for fraud is at the centre of a new bankruptcy filing that could leave investors out of millions. Seaquest Corp. and Seaquest Capital Corp., headed by David Burns Holden and Rosa Holden, have posh Bay St.
Updated: 11/18/2011 08:53A
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