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Sources: Tom Gaglardi to own Stars
Sources say a bankruptcy court in Delaware approved the sale of the team to Vancouver businessman Tom Gaglardi and confirmed the Stars' prepackaged bankruptcy plan Friday. With the NHL Board of Governors already having approved the sale of the team to
Updated: 11/18/2011 10:58A
Criticism Of Solyndra Witch Hunt Increases
The all-day grilling of Secretary of Energy Steven Chu over the Solyndra bankruptcy by the House energy oversight subcommittee was an eye-glazing embarrassment, reporters agreed. Rep.
Updated: 11/18/2011 10:57A
Court approves new Stars owners; NHL expected to approve today
In Internet Explorer, go to Tools / Internet Options. Check the "Delete browsing history on exit" box. Select "OK." If you are using Internet Explorer 7, make sure Phishing Filter is turned off by going to Tools / Phishing Filter / Turn Off Automatic
Updated: 11/18/2011 10:55A
Judge OKs Crystal Cathedral sale to Catholic Diocese
A federal bankruptcy judge Thursday approved a plan by the Orange County Roman Catholic Diocese to acquire the debt-ridden Crystal Cathedral in Garden Grove. The decision came after an hours-long hearing, and an announcement by the Crystal Cathedral
Updated: 11/18/2011 10:52A
MF Global trustee approved to distrubute cash; CFTC uncovers new evidence
MF Global Holding trustee James Giddens has won the permission of a US Bankruptcy Judge in Manhattan to distribute $520 million in cash to customers. This sum covers about 6o% of the total $869 million frozen in consumer accounts on October 31st that
Updated: 11/18/2011 10:50A
Crystal Cathedral to be sold to Roman Catholic Church
(CNN) – Southern California's famed but troubled Crystal Cathedral will be sold to the Roman Catholic Church, in a deal a bankruptcy judge approved Thursday. The Protestant church, which helped spark the
Updated: 11/18/2011 10:49A
From Greek Tragedy To Triumph With No New Austerity Measures
It is not clear whether the EU and IMF will demand more pain from Greek voters and taxpayers, but Finance Minister Evangelos Venizelos said no new tax hikes, public wage and pension cuts, or other belt-tightening steps were necessary if measures passed
Updated: 11/18/2011 10:47A
Dynegy to Exit Bankruptcy Under Leverage Load: Corporate Finance
If Dynegy cannot earn or finance the money needed to redeem those securities before 2016, the noteholders get 97 percent of the company. "It should be extremely difficult for them to refinance or repay those notes," Angie Storozynski, a New York-based
Updated: 11/18/2011 10:45A
Report: Regulators Eye Shady Transfers of Client Funds at MF Global
Investigators searching for some $600 million in missing client funds at MF Global reportedly discovered evidence indicating the futures brokerage firm funneled customer funds into its own brokerage accounts before filing for bankruptcy in an apparent
Updated: 11/18/2011 10:42A
OC builder Lyon Homes plans bankruptcy
William Lyon, will file for bankruptcy protection as part of a debt reorganization plan. Lyon Homes announced that "it has commenced the solicitation of votes for a prepackaged plan of reorganization to facilitate its recapitalization and ensure it
Updated: 11/18/2011 10:42A
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