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The Morning Leverage: Gores Grabs The Rest Of Stock Building Supply
The Los Angeles firm has been the majority owner of the building supplies business since 2009 after supporting the company's emergence from bankruptcy protection. A Wolseley spokeswoman said the amount Gores paid was “nominal” and that
Updated: 11/18/2011 10:41A
Hbg. receiver expected to be named today; city budget, bankruptcy on tap
City leaders on Monday failed to reach a consent agreement on a recovery plan by the deadline provided under an amended Act 47 law. Any third-class distressed city that fails to implement a recovery plan under the state's Act 47 program is given 20
Updated: 11/18/2011 10:37A
Crystal Cathedral Pastor Says 'The Church Is Not a Building' Amid Sale to
The bankruptcy sale of Crystal Cathedral, the glass-walled Orange County church known for its "Hour of Power" broadcasts, has touched off a bidding war between a Roman Catholic diocese and a local university. The church's ministry, meanwhile,
Updated: 11/18/2011 10:37A
Cleansed of Debt, Satmex Beginning To Rebuild Core Business
PARIS — Satellite fleet operator Satmex of Mexico, which exited bankruptcy in May with a $325 million loan, on Nov. 17 reported a slight decline in core satellite-lease revenue for the nine months ending Sept. 30.
Updated: 11/18/2011 10:28A
Crystal Cathedral's Sale Approved by Bankruptcy Judge
A bankruptcy judge chose the Roman Catholic Diocese of Orange as the buyer of the bankrupt Crystal Cathedral for $57.5 million. The decision came after a bidding war between Chapman University and the Diocese. Judge Robert Kwan made the decision around
Updated: 11/18/2011 10:26A
Medicis snags Graceway in $455 mln bankruptcy sale
Medicis, of Scottsdale, Arizona, will add Graceway's skin creams and respiratory drugs to its line-up of products that include treatments for wrinkles and acne. Graceway, of Bristol, Tennessee, filed for bankruptcy in September after a sharp drop-off
Updated: 11/18/2011 10:23A
GOP wants apology for Solyndra
Republican lawmakers accuse President Barack Obama's administration of neglect in the vetting of a $535 loan guarantee for solar panel company Solyndra. Obama touted the company as a centerpiece of his green economic agenda, though the company
Updated: 11/18/2011 10:21A
The Daily Docket: MF Global Account Transfers Approved
Read the Daily Bankruptcy Review article here. MF Global announced the departure of retail head J. Randy MacDonald, The Wall Street Journal reports. Also, regulators have found new details indicating that MF Global shifted money from customer accounts
Updated: 11/18/2011 10:20A
Greek government submits budget as EU/IMF team arrives (Reuters)
ATHENS (Reuters) – Greece's new government took a first step on Friday toward meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are
Updated: 11/18/2011 10:20A
SME board approves bankruptcy, rejects rate hike; PSC seeks to intervene in
Board members of a rural electric co-op endorsed a bankruptcy filing, but rejected a 20 percent rate hike that three members of the board approved a month ago. Representatives of the six-member Southern Montana Electric Generation & Transmission
Updated: 11/18/2011 10:09A
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