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Ssangyong plans comeback with new product line
Since the Asian economic crisis of the late 1990s Ssangyong has gone through a succession of owners - Daewoo, China's SAIC and now India's Mahindra & Mahindra which rescued the company from Chapter 11 bankruptcy last year.
Updated: 11/23/2011 05:10A
Isda sets date for Dynegy settlement auction
Isda has set a date of 29 November (next Tuesday) for an auction to settle credit default swaps referencing Dynegy Holdings, which filed for bankruptcy on 7 November. The terms of the auction, which follow the standard procedure for cash-settling
Updated: 11/23/2011 05:07A
US Postal Service Hikes Express, Priority Rates
22, 2012, by roughly 5 percent, as part of efforts to boost revenue and avoid bankruptcy, according to a report by Associated Press. The proposed rates include a new $39.95 rate for overnight express mailboxes weighing a maximum of 70 pounds and a flat
Updated: 11/23/2011 04:55A
MF Global Customers Get Hope of Refunds; Corzine Asked to Testify
Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the
Updated: 11/23/2011 04:51A
Judge tries to set gambler straight
A Eugene federal judge on Tuesday sentenced a Corvallis man to two years in prison for an elaborate scam in which he used his relatives' credit accounts without permission to rack up more than $380000 in debts to feed his gambling
Updated: 11/23/2011 04:49A
MF Global deal near collapse
The US brokerage firm filed for bankruptcy protection three weeks ago. The administrator of the firm's Australian business says he believes negotiations to sell off the Asian arm of MF Global could collapse. The company's operations in Australian were
Updated: 11/23/2011 04:37A
Fair Finance money trickling in as 2-year FBI raid anniversary approaches
Those funding amounts and more were disclosed in the trustee's November status report and during a short hearing Tuesday morning in US Bankruptcy Court in downtown Akron. It was two years ago on Nov. 24 that the FBI raided the offices of Fair Finance,
Updated: 11/23/2011 04:26A
Solyndra eyes potential fallback plan
"It was mainly designed to take the equipment and the real estate at an extraordinarily low price." Neilson said five potential bidders - mostly from other countries - are still conducting due diligence, and it's "highly unlikely" one will want to buy
Updated: 11/23/2011 04:14A
Legal issues go before Harrisburg bankruptcy judge
At issue is whether City Council had the authority to file. Thompson says it didn't, and Corbett says it violates a four-month-old law that cuts off state aid to any "financially distressed" third-class city that files for bankruptcy.
Updated: 11/23/2011 04:09A
Priority postage prices to increase
AP WASHINGTON — The US Postal Service is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. The new prices include the introduction of a new flat rate of $39.95 for
Updated: 11/23/2011 03:54A
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