Stocks and Finance

Bankruptcy

Bankruptcy 9/13/2011

14:31 : More College Grads Defaulting on Student Loans, Filing Bankruptcy - The cost of college education is showing its strain on Americans. Student loan defaults are on the rise, along with the number of college graduates filing for bankruptcy.
Source : foxbusiness-com
14:19 : Merkel Seeks to Quell Talk of Greek Default - German Chancellor Angela Merkel sought to quash talk that cash-strapped Greece might have to declare bankruptcy soon or even leave the euro zone, rebuking her junior coalition partner for fuelling market speculation about ...
Source : wsj-com
12:40 : Merkel Quells Speculation on Greek Default - German Chancellor Angela Merkel sought to quash talk that cash-strapped Greece might have to declare bankruptcy soon or even leave the euro zone, rebuking her junior coalition partner for fuelling market speculation about ...
Source : wsj-com
12:39 : Three Years Later, Fuld Isn't Out of the Woods Yet - The New York Attorney General’s office is ramping up its investigation of the Lehman Brothers September 2008 bankruptcy, according to people with direct knowledge of the matter.
Source : foxbusiness-com
11:24 : Euro rises after Merkel rejects Greek bankruptcy - (09-13) 08:43 PDT WASHINGTON, (AP) -- The euro is rising modestly against major currencies after German Chancellor Angela Merkel rejected the idea of a hasty bankruptcy by Greece. Merkel said Monday that Europe should...
Source : sfgate-com

Bankruptcy 9/12/2011

13:34 : A taxing situation in Greece - Sept.12 - Greek workers are threatening to sabotage a new property tax proposed by the government in a desperate attempt to appease international money lenders and prevent bankruptcy. Sonia Legg reports
Source : reuters-com
12:59 : Kaiser acquires assets of Alabama Aircraft - Kaiser Aircraft Industries Inc. has acquired a large amount of the operating assets of the Birmingham-based Alabama Aircraft Industries Inc. A bankruptcy court judge approved the $500,000 sale of AAII, ...
Source : bizjournals-com

Bankruptcy 9/11/2011

22:07 : Daily Outlook - Heavy Selling, Greece Bankruptcy? - U.S. Dollar Trading (US) US stocks fell sharply unimpressed with jobs talk from Obama and as Greece came back into the headlines after ECB board member Stark resigned in opposition to the ECB ...
Source : ibtimes-com
13:30 : Senior Germans may be talking about Greece defaulting but the latter's ... - Senior Germans may be talking about Greece defaulting but the latter's PM, George Papandreou, continues to pledge it will avoid bankruptcy. To this end, the government plans to impose a two-year property tax that will be ...
Source : seekingalpha-com

Bankruptcy 9/10/2011

14:44 : Papandreou says to save Greece, stay in euro - Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over its membership in the bloc.
Source : ibtimes-com
14:32 : Greek premier pledges to meet fiscal targets - (09-10) 11:01 PDT THESSALONIKI, Greece (AP) -- Greece's prime minister has promised to meet ambitious fiscal targets for 2011 and save the debt-crippled country from bankruptcy. In a keynote speech on the economy...
Source : sfgate-com
09:58 : Greece says will stay the course, despite GDP slump - Debt-laden Greece's government vowed on Saturday to stay the course of austerity, sending a message to its increasingly frustrated lenders it will do everything it takes to avoid a bankruptcy that would rock the euro.
Source : ibtimes-com

Bankruptcy 9/7/2011

11:29 : MediaNews names John Paton CEO - CHICAGO (MarketWatch) Privately held newspaper chain MediaNews Group Inc. said Wednesday that it has named John Paton chief executive, and that Patton's Digital First Media will oversee the operations of Journal Register Co. MediaNews ...
Source : marketwatch-com

Bankruptcy 9/1/2011

17:19 : SEC files lawsuit against former Syntax-Brillian execs - The U.S. Securities and Exchange Commission filed a lawsuit against five former executives and board members of the Syntax-Brillian Corp., alleging them of fraud in overstating the company’s financial results. The lawsuit was filed ...
Source : bizjournals-com
15:29 : Spectral Lehman Brothers Files Suit Against RBS - RBS Group faces a lawsuit from the trustee of the now defunct Lehman Brokerage to the tune of $346 million. The lawsuit was filed by brokerage trustee James Giddens with the U.S. Bankruptcy Court in Manhattan. Giddens claims that RBS ...
Source : forbes-com
14:33 : Solar-panel maker Solyndra shuts its doors; panels used in Denver - California solar panel maker Solyndra LLC -- a company visited and praised by President Barack Obama last year -- says it will file for bankruptcy and is shutting down its manufacturing operations. About 1,100 full-time ...
Source : bizjournals-com
00:48 : Solar company that Obama visited will shut down - Solar start-up Solyndra LLC, succumbing to pressure from lower-cost Chinese rivals, said it has suspended operations and plans to file for bankruptcy, 15 months after President Barack Obama visited a company factory ...
Source : ibtimes-com

Bankruptcy 8/31/2011

20:50 : Owner of Waikiki Edition hotel files Ch. 11 bankruptcy - The owner of The Waikiki Edition Hotel filed for Chapter 11 bankruptcy on Wednesday as executives from Marriott International Inc. waited to take back management of the hotel. M Waikiki LLC said the filing would allow ...
Source : bizjournals-com
19:36 : YRC Worldwide ramps up cash pay for its directors - YRC Worldwide Inc. is giving the members of its board of directors a raise. The Overland Park-based trucking company (Nasdaq: YRCW), which has been trying to recover from a recessionary brush with bankruptcy, said ...
Source : bizjournals-com
15:29 : Burned Again: Two Weeks After Evergreen Solar's Bankruptcy, Solyndra Goes ... - Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely ...
Source : bizzyblog-com
11:39 : Solyndra Filing for Bankruptcy - (Solyndra bankruptcy story updated for company statement)#xD; #xD; NEW YORK (TheStreet) -- U.S. solar company Solyndra, which once had dreams of a big IPO, is headed into bankruptcy.#xD; #xD; 1,100 employees ...
Source : thestreet-com

Bankruptcy 8/30/2011

18:29 : Lehman payout plan OK'd for creditor vote - Creditors of Lehman Brothers Holdings Inc were granted approval on Tuesday to vote on the failed bank's $65 billion payback plan, clearing a major hurdle in the path to ending the biggest bankruptcy in U.S. history.
Source : ibtimes-com
13:15 : Judge OKs Lehman Bankruptcy Plan - A judge gave creditors of Lehman Brothers the approval to vote on the defunct investment bank's $65 billion payback proposal, clearing the path to end the biggest bankruptcy in U.S. history.
Source : foxbusiness-com
13:00 : Bankruptcy judge OKs vote on Lehman bankruptcy plan - NEW YORK (Reuters) - A judge on Tuesday gave creditors of Lehman Brothers Holdings Inc the green light to vote on the failed bank's $65 billion payback proposal, clearing a major hurdle in Lehman's path toward ending the biggest ...
Source : reuters-com
11:45 : Lehman seeking creditor vote on $65 billion payout - Lehman Brothers Holdings Inc told a bankruptcy judge on Tuesday it has resolved or pushed off eight of the 18 objections to its plan outline to pay creditors back $65 billion and end the biggest bankruptcy ...
Source : ibtimes-com
00:05 : Lehman to Seek Creditor Vote on $65 Billion Payout - Lehman Brothers Holdings Inc will ask a bankruptcy judge on Tuesday to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.
Source : ibtimes-com

Bankruptcy 8/25/2011

16:56 : Lehman execs look to settle investors' lawsuit - NEW YORK (Reuters) - Former Lehman Brothers Holdings Inc officials, including one-time Chief Executive Richard Fuld, asked a bankruptcy judge to release $90 million in insurance funds so they ...
Source : reuters-com
12:14 : Dealtalk: Barclays M&A team rises from Lehman's ashes - NEW YORK (Reuters) - Skip McGee's most fulfilling moment as an investment banker came in 2002, when his team at Lehman Brothers helped Williams Cos avert bankruptcy.
Source : reuters-com

Bankruptcy 8/24/2011

20:05 : Bankruptcy judge’s ruling doesn’t settle Ultra Petroleum bid on Colorado ... - A U.S. bankruptcy judge in Delaware ruled Wednesday that 2,400 acres of the Banning-Lewis Ranch on the east side of Colorado Springs is now owned by KeyBank National Association, according to city officials. But the battle over what ...
Source : bizjournals-com
19:47 : Attorneys argue over WaMu reorganization plan - WILMINGTON, Del. (AP) -- Creditors who stand to receiving nothing under Washington Mutual Inc.'s reorganization plan are trying to block court approval of the plan, attorneys for WMI and supporters of the plan told a Delaware ...
Source : usnews-com
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