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FOX5 Vegas - KVVUJudge rejects Las Vegas Monorail budget plan
Entertainment News from AP LAS VEGAS (AP) - A federal judge has rejected the Las Vegas Monorail's plan for financial solvency. The Las Vegas Review-Journal reports that US Bankruptcy Court Judge Bruce Markell rejected Friday the monorail's plan to exit
Updated: 11/19/2011 04:42P
Federal judge rejects plan to remove Las Vegas Monorail from bankruptcy
The Las Vegas Review-Journal reports that US Bankruptcy Court Judge Bruce Markell rejected Friday the monorail's plan to exit Chapter 11 bankruptcy because the terms "doom it to failure." Monorail officials had projected that if their savings plan was
Updated: 11/19/2011 04:41P
Bankrupt energy firm to sell assets
(AP) - A Massachusetts company that received a $39 million Department of Energy loan before declaring bankruptcy has decided to sell its assets rather than reorganize. An attorney for Beacon Power told a Delaware judge Friday that the company hopes to
Updated: 11/19/2011 04:29P
Bankrupt flywheel maker Beacon to sell plant to pay back DOE
19, 2011, 1:14pm PT No Comments Beacon Power, the flywheel maker that filed for bankruptcy last month after winning a $43 million loan guarantee from the Department of Energy, announced on Saturday that it plans to sell its 20 MW flywheel plant in
Updated: 11/19/2011 04:19P
Solyndra Bankruptcy Unfortunate, Chu Says
14, 2011, that will examine what went wrong with the company which had received a federal loan of nearly $528 million and recently filed for bankruptcy. (AP Photo/Paul Sakuma, File) The bankruptcy of Solyndra, which got $528 million in federal money,
Updated: 11/19/2011 04:03P
Clearwire shares plunge 31% on
Shares in the cash-strapped high-speed wireless firm plunged as low as $1.28 as investors worried that their fears about bankruptcy could be realized. The stock regained some ground to trade at $1.41, down 24 percent, on Nasdaq.
Updated: 11/19/2011 03:54P
Shocker: Losses to Taxpayers on GM Revised Upward
As I explained previously, Uncle Sam's special GM bankruptcy package allowed the company to write off $45 billion in previous losses going forward. This could work out to as much as $15 billion in tax savings that GM wouldn't have had had it gone
Updated: 11/19/2011 02:31P
Chicago Tribune files new reorganization plan
People walk past a newspaper box across from the Chicago Tribune tower in Chicago, Illinois December 8, 2008. CHICAGO (Reuters) - Tribune Co (TRBCQ.PK), the owner of the Los Angeles Times and Chicago Tribune newspapers, has filed a third reorganization
Updated: 11/19/2011 01:38P
Chicago-Based Tribune Co. Files New Reorganization Plan with Court
The Tribune Co., owner of the Chicago Tribune and Los Angeles Times newspapers, has filed a third reorganization plan with the US Bankruptcy Court in Delaware as the media company attempts to address concerns raised by the court last month.
Updated: 11/19/2011 01:37P
BEACON POWER CORP. : Beacon Power Settles with Department of Energy Loan
Since filing for bankruptcy protection on October 30, 2011, Beacon Power and its advisors had engaged in ongoing discussions with LPO advisors as to the Company's use of cash collateral and resolution of its loan obligation. Beacon requested that LPO
Updated: 11/19/2011 01:24P
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