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Catholic diocese buys Crystal Cathedral for $57M
A federal bank bankruptcy judge ruled late Thursday that the Orange diocese can buy the building for $57.5 million. The 31-year-old glass structure, designed by architect Philip Johnson, was created by church founder
Updated: 11/18/2011 08:44A
Greek govt submits budget as EU/IMF team arrives
ATHENS, Nov 18 (Reuters) - Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy by submitting a budget draft that forsees no new
Updated: 11/18/2011 08:39A
Catholic Diocese to Buy 'Hour of Power' Home
As the ministry famous for its “Hour of Power” television program muddles through bankruptcy, the property has been sold to the Roman Catholic Diocese of Orange, which will force the congregation to move to a new location. (AP Photo/Jae C. Hong) By AMY
Updated: 11/18/2011 08:39A
Los Gatos Hotel partners are fighting
Some owners of the upscale property have sued the other owners, accusing them of extortion and of trying to block the hotel's Chapter 11 bankruptcy reorganization process. The suit, by developers and brothers Alan and David Pinn, targets various
Updated: 11/18/2011 08:29A
Medicis Secures Bankruptcy Auction For Graceway Pharma - Quick Facts
(MRX: News ) announced that it was the successful bidder at a bankruptcy auction conducted by Graceway Pharmaceuticals, LLC for substantially all of the outstanding US and Canadian pharmaceutical assets of Graceway. As per the terms of its bid,
Updated: 11/18/2011 08:25A
America's Kodak Moment Might Be Over
Either it dies a slow death, mortgaging its future to keep EK stock afloat, or it declares bankruptcy within the year. It's a sad state of affairs for what was once a name synonymous with photography in America. At the end of September, Eastman Kodak
Updated: 11/18/2011 08:23A
In the end monetisation is easier than structural reforms
Despite 3-month Euro basis swap spreads falling this is happening in a much more controlled manner than following the Lehman Brothers bankruptcy that shocked the financial markets in 2008. While the spread indicates some degree of stress in the system
Updated: 11/18/2011 08:22A
Medicis (MRX) Purchases Majority of Graceway Pharmaceuticals Assets at
Medicis (NYSE: MRX) today announced that it was the successful bidder at a bankruptcy auction conducted by Graceway Pharmaceuticals, LLC for substantially all of the outstanding US and Canadian pharmaceutical assets of Graceway.
Updated: 11/18/2011 08:17A
MEDICIS PHARMACEUTICAL CORPORATION : Medicis Wins Auction for Graceway
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 08:17A
Greek government submits budget as EU/IMF team arrives
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 08:16A
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