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Morning Take-Out
The cause was brain cancer, his spokesman said. Mr. Forstmann, who lived in Manhattan had been diagnosed with a malignant glioma earlier this year. Mr. Forstmann was among the very first executives to use debt to acquire companies, fix them and then
Updated: 11/21/2011 08:54A
Food Labels, MF Global, FrontPoint, BNY Mellon: Compliance
The class action case is Rubin v. MF Global, 08-cv-2233, US District Court, Southern District of New York (Manhattan). Credit Suisse Group AG bankers accused of helping Americans cheat on taxes plan to ask the Justice Department to dismiss their
Updated: 11/21/2011 08:47A
Arguments to be made over sewer receiver's position
A federal bankruptcy judge will hear arguments from Jefferson County and sewer receiver John Young over whether young should be allowed to continue controlling the sewer system during the county's Chapter 9 bankruptcy. Young says the system is running
Updated: 11/21/2011 08:44A
The Culture of Fiscal Irresponsibility
While attention in Washington DC is focused on the federal debt and the failure of the Congressional "super committee," 2011 has already seen a number of local governments head toward bankruptcy. Some are filing for chapter 9, others are seeking state
Updated: 11/21/2011 08:42A
Poll: Vacant Blockbuster Video in Mineola
But when the parent company filed for bankruptcy on Sept. 23, 2010 and was subsequently taken over at auction by the Dish Network, store closings by the hundreds soon followed. The Blockbuster Video at 500 Jericho Turnpike was apparently one of those
Updated: 11/21/2011 08:24A
Bankruptcy doesn't shelter the dishonest
Bankruptcy law makes possible the rehabilitation of bankrupt individuals by discharging them from the burden of past debts, subject to certain exceptions. Section 178(1)(d) of the Bankruptcy and Insolvency Act (BIA) provides that an order of discharge
Updated: 11/21/2011 08:17A
Capex Reductions Could Help American Airlines Stave Off Bankruptcy
American Airlines (NYSE:AMR) has taken another stride towards reducing capital expenditures with the inking of a sale-leaseback deal for 15 Boeing 737-800NGs. [1] The aircraft had previously been ordered direct from the manufacturer, but will now be
Updated: 11/21/2011 08:12A
Big Island Trio Sold Out Of Bankruptcy
GARY L. RAINSDON, chapter 7 trustee for PARROTT BROADCASTING LTD., has sold silent KIPA-A and KHBC/HILO, HI and KHWI/HOLUALOA, HI to JERROLD T. LUNDQUIST's CHAPARRAL BROADCASTING, INC. for $350000. In other filings with the FCC, ACTION PAGES,
Updated: 11/21/2011 08:03A
General Motors to announce Spring Hill jobs
GM is expected to add 600 jobs for the first round of production. The second vehicle should be added in 2013. That should add another 1100 jobs. The Spring Hill facility was GM's most modern plant when it was idled and placed on stand-by.
Updated: 11/21/2011 08:00A
JPMorgan, FrontPoint, UBS, Goldman, BNY in Court News
MF Global Holdings, which was run by former Goldman Sachs co-chief executive officer Jon Corzine, filed for bankruptcy Oct. 31 after making bets on sovereign debt and getting margin calls. The New York-based company listed debt of $39.7 billion and
Updated: 11/21/2011 07:09A
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