Insolvent

Bankruptcy News

(AFX UK Focus) 2010-03-11 18:33 UPDATE 2-Simon CEO--No pressure from rival Gen Growth plan Thursday, March 11, 2010 @ 12:57PMNEW YORK, March 11 (Reuters) - The chief executive of Simon Property Group Inc said on Thursday a revised plan by management of General Growth Properties Inc to emerge from bankruptcy would not put pressure on his company to sweeten its own $10 billion offer. Simon CEO David Simon, speaking at a conference at New York University, said that the General Growth proposal lacks certainty despite its ...
GMAC: The scariest zombie Thursday, March 11, 2010 @ 12:54PMNow that Citigroup and AIG are rolling in the bucks, GMAC is looking like the most egregious zombie bank of them all.
Two Men Arrested In NC Ordered To NY For Hearing Thursday, March 11, 2010 @ 12:53PMTwo men arrested in North Carolina in a sweep of arrests aimed at the Gambino organized crime family are heading to New York. Gaetano Napoli Sr. and a son, Gaetano Napoli Jr., both said during a hearing in Raleigh on Thursday they would like to have their detention hearings in New York. They declined a court-appointed attorney before a government lawyer read the list of charges, which range from ...
Electric car maker aims to keep NUMMI open Thursday, March 11, 2010 @ 12:51PMThe California plant, a joint venture between General Motors and Toyota, is set to close at the end of this month.
SunCal Secures Demolition Agreement for Oak Knoll Thursday, March 11, 2010 @ 12:51PMSunCal has announced that it has secured a signed agreement between the Lehman/SunCal bankruptcy trustee and the remediation firm CST Environmental Acquisition on a $3.7 million plan to demolish numerous outbuildings throughout the former Oak Knoll Naval Medical Center.Â The agreement is being submitted to the presiding judge in U.S.
GE lends helping hand to Michigan manufacturer Thursday, March 11, 2010 @ 12:47PMNorwalk-based GE Capital is financing a $70 million lifeline to a Michigan-based industrial and automotive product manufacturer.
Haim dead at 38 Thursday, March 11, 2010 @ 12:42PMIn the 1980s, Corey Haim became a teen pin-up favourite, a baby-faced idol with an infectious grin and a “firecracker” personality.
Massive school closures in KC to be done by fall Thursday, March 11, 2010 @ 12:42PMKANSAS CITY, Mo. (AP) - Kansas City's school superintendent said Thursday the plan to shutter nearly half the district's schools, while "painful," will move forward quickly so that all the closures will be complete by fall.
New licensing agency emerges for NASCAR Wednesday, March 10, 2010 @ 10:46AMBy Michael Smith Special to the Sporting News NASCAR Wire Service
Defaults Signal Bursting Muni Junk Bubble After Surge (Update1) Wednesday, March 10, 2010 @ 10:45AMMarch 10 (Bloomberg) -- Investors in search of better returns poured $7.8 billion into high-yield municipal bond funds last year, pushing assets to a two-year high. They may start experiencing losses as early as this year as default risks grow.
Northern Breweries building to be demolished upon sale Wednesday, March 10, 2010 @ 10:43AMThe former Northern Breweries property will be demolished upon the completion of the sale, the lawyer representing the purchaser said. Robert Dumanski said his client, a local businesswoman, purchased the property for its location and land value without viewing the inside of the building.[...]
(AFX UK Focus) 2010-03-10 16:22 Goldman Sachs group to appeal Shaw-Canwest deal Wednesday, March 10, 2010 @ 10:43AMVANCOUVER, March 10 (Reuters) - Goldman Sachs Group Inc will ask a Canadian court on Wednesday to hear its appeal of a lower court decision allowing Shaw Communications Inc to buy the broadcast arm of bankrupt Canwest Global Communications Corp. An Ontario Superior Court judge ruled on Feb. 19 that Shaw could acquire Canwest's television arm, putting a quick end to a last-minute bid for the ...
PHOTOS: 'Lost Boys' Actor Corey Haim Dead at 38 Wednesday, March 10, 2010 @ 10:42AMActor Corey Haim has died at age 38. The Canadian-born Haim became a teen heartthrob with the 1986 film "Lucas'' and 1987's "The Lost Boys.'' Photos: Haim Dies | Notable Deaths 2010 | Shocking Deaths
Len Blavatnik Said to Seek as Much as 15% Stake of New Lyondell Wednesday, March 10, 2010 @ 10:41AMMarch 10 (Bloomberg) -- Billionaire Len Blavatnik , who controlled LyondellBasell Industries AF before it went bankrupt, is seeking a 15 percent equity stake in the reorganized company, according to a person with knowledge of the transaction.
Major home accessories store to open in city Wednesday, March 10, 2010 @ 10:41AMWhen Linens ‘n Things folded in 2008, it helped set the table for competitor Bed Bath & Beyond to expand across Canada.
'Lost Boys' actor Corey Haim dead in Burbank at 38 Wednesday, March 10, 2010 @ 10:38AMCorey Haim, a 1980s teen heartthrob for his roles in "Lucas" and "The Lost Boys" whose career was blighted by drug abuse, has died. He was 38.
Heartthrob Corey Haim dead at 38 Wednesday, March 10, 2010 @ 10:38AMLOS ANGELES - Corey Haim, a 1980s teen heartthrob for his roles in "Lucas" and "The Lost Boys" whose career was blighted by drug abuse, has died. He was 38. Haim died at 2:15 a.m. Wednesday at Providence St. Joseph Medical Center in Burbank, Los Angeles County coroner's Lt. Cheryl MacWillie said. An autopsy will determine the cause of death and there were no other details, she said. Police Sgt ...
Child Actor Corey Haim Dead at 38 Wednesday, March 10, 2010 @ 10:37AMLOS ANGELES (AP) - Corey Haim, a 1980s teen heartthrob for his roles in "Lucas" and "The Lost Boys" whose career was blighted by drug abuse, has died. He was 38. Haim died at 2:15 a.m. Wednesday at Providence St. Joseph Medical Center in Burbank, Los Angeles County coroner's Lt. Cheryl MacWillie said. An autopsy will determine the cause of death and there were no other details, she said. Police ...
Most Asian Stocks Fall as Metals Decline; Consumer Shares Gain Monday, March 8, 2010 @ 8:46PMMarch 9 (Bloomberg) -- Most Asian stocks fell as mining companies dropped on concern Chinese demand may stagnate. Australian consumer shares climbed after a report showed the country’s business confidence rose for a second month.
Dealership has chance for new life, new sales Monday, March 8, 2010 @ 8:42PMLA HABRA - A nearly 60-year-old local auto dealership in on the verge - its owners hope - of a second chance.
Gray, Pa. mayors lobby for municipal tax reform Monday, March 8, 2010 @ 8:41PMLancaster Mayor Rick Gray and mayors from 20 other Pennsylvania cities hope speaking with one voice will help them be heard in Harrisburg.Gray joined mayors from across Pennsylvania and 16 borough managers, council members and other municipal officials in the State Capital building Monday afternoon ...
Parkview Community Hospital misses repayment deadline Monday, March 8, 2010 @ 8:38PMPrime Healthcare Services Inc. today is expected to move toward foreclosure against Parkview Community Hospital Medical Center which has been trying for months to secure a loan to pay of its debt.
Centaur parent hopes bankruptcy eases race-track funding Monday, March 8, 2010 @ 8:37PMMAHONING TWP. — With a Chapter 11 bankruptcy filing Saturday, the parent company aiming to build a harness-racing track and casino in Lawrence County is hoping for an easier path to obtaining financing for the project.
Posh Harborwalk files for Chapter 11 Monday, March 8, 2010 @ 8:32PMDeveloper of luxury community Harborwalk file for Chapter 11 bankruptcy reorganization and are battling with a lender about a $30 million note.
Deadline set to close Chicago nursing home Monday, March 8, 2010 @ 8:30PMState authorities said today that they plan to shut one of the state's largest nursing homes by Friday and are working to transfer out the remaining 76 residents. Medicaid funding to Uptown 's troubled Somerset Place facility is being cut off, and the state health department has moved to revoke Somerset's license after repeated inspections that found violence, abuse and mistreatment of residents ...
(AFX UK Focus) 2010-03-09 02:04 UPDATE 2-Fairholme, Pershing to up General Growth investment Monday, March 8, 2010 @ 8:27PMBy Dan Wilchins
Foreclosure lawsuit fiasco upends Estates man’s retirement Monday, March 8, 2010 @ 8:27PMNAPLES —It was retirement incarnate. Then, the foreclosure lawsuit came.Warren Nyerges, 45, left his law enforcement career and moved to Golden Gate Estates late last year with his wife. He was spending his days preparing his backyard for grass, painting the interior of his home and joking about the snow he abandoned in Cleveland.“I’ve had nothing but a ball. To come down here, it’s a life dream ...
Nashville not yet emerging from recession Monday, March 8, 2010 @ 8:26PMA new report shows Nashville, Kingsport and Knoxville are still suffering the effects of the recession in the state.
Budget battle turns to rebates Monday, March 8, 2010 @ 8:58AMThe annual push and pull over New Jersey's property tax rebates has begun with a report that Gov.
QUICK POLL Monday, March 8, 2010 @ 8:58AMNEW YORK CITY—Locally based real estate lender Centerline Capital Group has agreed to sell its special servicing and real estate debt fund management arm to Andrew Farkas’ Island Capital Group LLC for $110 million.
(AFX UK Focus) 2010-03-08 14:32 Showdown over Six Flags begins in U.S. bankruptcy court Monday, March 8, 2010 @ 8:57AMBy Tom Hals
LyondellBasell rejects RIL's takeover offer Monday, March 8, 2010 @ 8:57AMGlobal petrochemicals major LyondellBasell on Monday rejected a multi-billion dollar takeover offer from Indian giant Reliance Industries, preferring its own restructuring plan to exit bankruptcy.
Indiana casino owner files Ch 11 bankruptcy Monday, March 8, 2010 @ 8:56AMThe company that owns Indiana's Hoosier Park casino and horse track and a Colorado casino has filed for Chapter 11 bankruptcy protection.
(AFX UK Focus) 2010-03-08 14:50 UPDATE 2-Lyondell files restructuring, rejects Reliance bid Monday, March 8, 2010 @ 8:56AMBy Pratish Narayanan and Emily Chasen
Park Meadows rejects buyout offer Monday, March 8, 2010 @ 8:54AMOne of the largest real estate groups in the country has made a buyout offer to Park Meadows that it says will help the company recover from bankruptcy protection.
Ind., Colo. casino owner files for bankruptcy Monday, March 8, 2010 @ 8:48AMPublished: Monday, March 8, 2010 at 8:55 a.m. Last Modified: Monday, March 8, 2010 at 8:55 a.m. ANDERSON, Ind. - The company that owns Indiana's Hoosier Park casino and horse track and a Colorado casino has filed for Chapter 11 bankruptcy protection.
EU considers creating IMF-style rescue fund Monday, March 8, 2010 @ 8:45AMThe European Union is considering creating a rescue fund that could herald fundamental changes in the 27-country bloc and bring closer economic cooperation following Greece's debt crisis.
U.S. Dry Cleaning files for bankruptcy Saturday, March 6, 2010 @ 8:59AMHawaii: The parent company of Young Laundry and Caesars Cleaners yesterday filed for bankruptcy in California after finding it couldn't refinance debt that was coming due. U.S. Dry Cleaning Corp. filed for a Chapter 11 reorganization citing assets of $1 million to $10 million and debts between $10 million and $50 million.
¡Viva Immigración! Saturday, March 6, 2010 @ 8:53AMCrowds gathered downtown in Telluride for a candlelight vigil on Saturday night as part of an effort to raise awareness about immigration reform. Here, Elisa Marie Overall of One Telluride, a local immigrant integration advocacy organization, addresses the crowd in Spruce Street Park. [Photo by Merrick Chase]
Knights Financial Worries Pile Up Saturday, March 6, 2010 @ 8:53AMBeleaguered rap mogul MARION 'SUGE' KNIGHT's money woes continue to mount - U.S. government officials have demanded he pay more than $6 million (4 million) in unpaid taxes...
Burciaga speaks of need for services Saturday, March 6, 2010 @ 8:44AMSusan BarrKern Valley Sun Kern Valley Healthcare District Chief Clinical Officer Cynthia Burciaga addressed the need for additional patient services, such as dialysis and mammograms at the Wednesday board meeting.
LA Times sells front page for Alice in Wonderland ad Saturday, March 6, 2010 @ 8:37AMLOS ANGELES – The Los Angeles Times' critic may have panned the film, but that didn't stop Disney from paying top dollar to turn the newspaper's front page into a special advertisement on Friday for the new movie, "Alice in Wonderland."
Ashley saved Newcastle - Llambias Saturday, March 6, 2010 @ 8:18AMNewcastle director Derek Llambias pleads with fans to end their abuse of Mike Ashley, claiming the owner has saved the club from administration.
Former Birmingham mayor gets 15 years for bribery Saturday, March 6, 2010 @ 8:15AMFormer Birmingham Mayor Larry Langford was sentenced Friday to 15 years in federal prison for taking clothes, Rolex watches, loan payments and cash worth more than $240,000 as bribes in return for lucrative bond work.
A long road to a new life Saturday, March 6, 2010 @ 8:14AMEditors note: This is the first of three in a series documenting the road traveled by Denny and Kim Thilges and the importance of being an organ donor.
Mainland mall operators file for bankruptcy Saturday, March 6, 2010 @ 1:35AMOperators of Mall of the Mainland, plagued by tenant departures, have filed for Chapter 11 bankruptcy protection.
Cedar Fair urges unitholders to vote 'yes' on sale Saturday, March 6, 2010 @ 1:32AMSANDUSKY Cedar Fair is using a new argument for its proposed sale: Unitholders can vote for an immediate hike in their unit price.
Stop Slots tops goal on petition Saturday, March 6, 2010 @ 1:30AMResidents fighting to keep slots away from Arundel Mills mall said they turned in nearly 17,000 signatures yesterday, a crucial step toward taking the issue to a referendum in November.
Thorpe Hill Farm, at Whixley, near Knaresborough back from the brink with £1.2m plan Saturday, March 6, 2010 @ 1:24AMA NORTH Yorkshire farm which dates back to the Iron Age is back from the brink of bankruptcy with plans for a £1.2 million facelift.
Tax collection bill advances Saturday, March 6, 2010 @ 1:20AMA bill spearheaded by the Rock County treasurer has cleared both houses of the Legislature and is headed to Gov. Jim Doyle for his signature.