Insolvent

Liquidation Sale News

Baltic Trading’s IPO Raises $228 Million in Pricing at Low End Tuesday, March 9, 2010 @ 11:41PMMarch 10 (Bloomberg) -- Baltic Trading Ltd. , the New York- based shipping company formed to operate dry-bulk cargo vessels, raised $228 million in its initial public offering after selling shares at the low end of its price range.
Reserve Golf Club auction set for today Tuesday, March 9, 2010 @ 10:10PMThe private Reserve Golf Club in Pawleys Island may be sold today in a bankruptcy court-approved auction in Charleston, though an attorney representing inactive and resigned club members has filed an objection in an attempt to delay the sale.
Governor endorses new laws Tuesday, March 9, 2010 @ 9:44PMGov. Mike Rounds has signed the following bills into law:
Susquehanna Bancshares, Inc. Announces Pricing of Public Offering of Common Stock and Trust Preferred Securities ... Tuesday, March 9, 2010 @ 6:05PMSusquehanna Bancshares, Inc. ("Susquehanna) (NASDAQ:SUSQ) announced today that it ...
Susquehanna Bancshares, Inc. Announces Pricing of Public Offering of Common Stock and Trust Preferred Securities ... Tuesday, March 9, 2010 @ 6:00PMLITITZ, Pa.----Susquehanna Bancshares, Inc. announced today that it has priced an underwritten public offering of 37,500,000 shares of its common stock at $8.00 per share. The underwriters also have a 30-day over-allotment option to purchase up to 5,625,000 additional shares of common stock from Susquehanna.
PAB Bankshares, Inc. Announces Financial Results for Fourth Quarter and Full-Year 2009 Tuesday, March 9, 2010 @ 4:30PMVALDOSTA, Ga. -- PAB Bankshares, Inc. , the parent company for The Park Avenue Bank, today announced its consolidated financial results for the fourth quarter and full-year 2009. The Company reported a net loss of $31.3 million in the fourth quarter of 2009, compared to a $5.8 million net loss in the fourth quarter of 2008.
Flow International Announces Third Quarter Results Tuesday, March 9, 2010 @ 3:05PMFlow International Corporation , the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, today reported results for its fiscal 2010 third quarter ended January 31, 2010.
Movie Gallery will close at least three area stores Tuesday, March 9, 2010 @ 12:07PMBy Patrick Rupinski Staff Writer The nation's second largest retailer of movie and video game rentals filed for Chapter 11 reorganization last month. It was the company's second Chapter 11 filing in less than four years.
Capitol View developer's wife seeks money seized by U.S. Attorney Tuesday, March 9, 2010 @ 7:24AMThe wife of the developer of Harrisburg’s failed Capitol View Commerce Center has filed a claim in federal court, asking for the $1.2 million the U.S. Attorney’s office seized from her home and bank accounts affiliated with Industrial Design and Construction Inc., a company connected to the project.
AutoImmune Inc. Announces Board Approval of Plan of Complete Liquidation and Dissolution Tuesday, March 9, 2010 @ 7:00AMAutoImmune Inc. today announced that its Board of Directors has determined, after consideration of potential strategic alternatives, that it is in the best interests of the Company and its stockholders to liquidate the Company's assets and to dissolve the Company. Â In connection with the liquidation, the Company intends to distribute to its stockholders all available cash, except such cash as ...
Fitch Downgrades 3 Classes of South Street CBO 1999-1 Monday, March 8, 2010 @ 4:52PMNEW YORK----Fitch Ratings has downgraded three classes of notes issued by South Street CBO 1999-1 Ltd./Corp. . A detailed list of rating actions follows at the end of this release.
Susquehanna Bancshares, Inc. Announces Offering of $300 Million Common Stock and $50 Million Cumulative Trust ... Monday, March 8, 2010 @ 3:26PMSusquehanna Bancshares, Inc. ("Susquehanna) (NASDAQ:SUSQ) announced today that it ...
Susquehanna Bancshares, Inc. Announces Offering of $300 Million Common Stock and $50 Million Cumulative Trust ... Monday, March 8, 2010 @ 3:18PMLITITZ, Pa.----Susquehanna Bancshares, Inc. announced today that it has commenced a public offering of approximately $300 million of its common stock and that Susquehanna Capital Trust II has commenced a public offering of approximately $50 million aggregate liquidation amount of cumulative trust preferred securities .
Detrex Corporation Reports Results for 2009 Monday, March 8, 2010 @ 2:19PMSOUTHFIELD, Mich.----Detrex Corporation , a diversified manufacturer of PVC and CPVC pipe, duct and shapes and specialty chemicals including additives for industrial petroleum products and high purity hydrochloric acid, today announced results for 2009.
British banks given a year's grace on liquidity Monday, March 8, 2010 @ 1:25PMBanks given period of grace before strict new rules on liquidity are introduced that will cost more than £2bn and potentially derail economic growth.
Bain Seeks 177% Return in IPO of Sensata After Losses Monday, March 8, 2010 @ 1:23PMMarch 8 (Bloomberg) -- Bain Capital LLC is selling Sensata Technologies Holding NV in a $632 million initial public offering that may almost triple the value of its investment in a company that has lo...
Bain Seeks 177% Return in IPO of Sensata After Losses (Update1) Monday, March 8, 2010 @ 12:07PMBain Capital LLC is selling Sensata Technologies Holding NV in a $632 million initial public offering that may almost triple the value of its investment in a company that has lost money every year since being acquired.
Retailer files for bankruptcy protection Monday, March 8, 2010 @ 10:44AMAmong the things the retailer sells are invitations with custom printing.
Centerline Capital Group Completes Comprehensive Restructuring Monday, March 8, 2010 @ 9:25AMNEW YORK----Centerline Capital Group , a real estate asset management and financial services firm and subsidiary of Centerline Holding Company , announced today it closed a series of transactions with Island Capital Group LLC and the Company’s creditors and preferred shareholders.
MetLife Acquires ALICO from AIG Monday, March 8, 2010 @ 9:22AMAmerican International Group Inc. announced Monday a definitive agreement to sell American Life Insurance Co. to MetLife Inc.
With Missoula story set to close, Macy’s defends throwing out items Friday, March 5, 2010 @ 11:49PMIt was slim pickings Friday for shoppers inside Macy’s – butoutside, one Dumpster overflowed.
Liberals eye ‘super corporation’ of assets Friday, March 5, 2010 @ 10:32PMThe Ontario government is looking at creating a publicly held $60 billion “super corporation” of assets like the Liquor Control Board of Ontario and Hydro One and then selling a minority share to private investors.
Business Owner: "Never, Will I Ever Regret It" Friday, March 5, 2010 @ 7:37PMA one-of-a-kind business that's been a fixture in Saluda for more than six decades is closing for good.
Connolly apartments facing possible mass foreclosure Friday, March 5, 2010 @ 5:34PMPLAINFIELD — A prime nine-property slice of the portfolio of city apartments managed by the East Seventh Street-based Connolly Properties Inc. could be subject to foreclosure actions within a matter of weeks after the apparent breakdown of Chapter 11 bankruptcy negotiations between company officials and the bank that holds a $17 million mortgage on the buildings.
Integra Bank Corporation Reports Fourth Quarter 2009 Results Friday, March 5, 2010 @ 7:02AMEVANSVILLE, Ind. -- Integra Bank Corporation today reported financial results for the fourth quarter and full year of 2009.
Former employees watch as Lancaster Inn's inventory is sold Friday, March 5, 2010 @ 5:41AMLANCASTER -- The liquidation sale of the Lancaster Inn kicked off Thursday morning, but the event also gave way to an unofficial reunion of the hotel's former employees.
Big Island developer on rocks Friday, March 5, 2010 @ 5:39AMA troubled real estate developer on the Big Island may be liquidating its assets, after it was discovered that it would be unable to reorganize in its Chapter 11 bankruptcy case.
Satcon: Q4 and Full Year 2009 Financial Results Friday, March 5, 2010 @ 2:48AMDie untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
Joliet's oldest dealership calls it quits Friday, March 5, 2010 @ 12:17AMGregg Motors, Joliet's oldest car dealership, is closing. Fifty-eight years ago, John and Dorothea Gregg moved their car dealership from Geneva to Joliet. The business was taken over in 1979 by the Greggs' son Rick. Now Rick Gregg said he and his wife, Lisa, are closing up shop.
End of the road for Bay United Thursday, March 4, 2010 @ 9:33PMAfter failing to collect their salaries at the end of last month, Bay Unitedplayers are now facing a bleak future after the team announced yesterday that they are closing shop immediately.
Saying goodbye to Windfields Farm Thursday, March 4, 2010 @ 6:28PMBreaking up is hard to do, even when the lost love is a place rather than flesh and blood.
Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2009 Thursday, March 4, 2010 @ 4:08PMATHENS, GREECE--(Marketwire - March 4, 2010) - Seanergy Maritime Holdings Corp. (the "Company") ( NASDAQ : SHIP ) ( NASDAQ : SHIPW ) announced today its operating results for the fourth quarter and the year ended December 31, 2009.
ForexLive US wrap-up: EUR slides despite Greek bond sale Thursday, March 4, 2010 @ 3:38PMUS weekly jobless claims fall to 469,000 from 498,000 Greece closes books on EUR 5 bln 10-year bond issue at mid-swaps plus 300 bp Trichet backs Greek austerity measures; economic recovery uneven, inflation contained; liquidity programs trimmed; No IMF bailout for Greece Japan adds funds to intervention pool US non-farm productivity revised up to +6.9% in Q4, unit labor costs fall 5.9% US ...
Seanergy Maritime Holdings Corp. Reports Financial Results for the Fourth Quarter and the Year Ended December 31, 2009 Thursday, March 4, 2010 @ 3:26PMATHENS, GREECE--(Marketwire - 03/04/10) - Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ: SHIP - News ) (NASDAQ: SHIPW - News ) announced today its operating results for the fourth quarter and the year ended December 31, 2009. Dale Ploughman, the Company's Chief Executive Officer, stated: "Despite the difficult market conditions we are pleased to report strong results for 2009. These ...
Yukos, Russia Face Off At Last In Strasbourg Thursday, March 4, 2010 @ 3:25PMSTRASBOURG, France — Thousands of kilometers from the Siberian jail where its founder has been imprisoned for the better part of a decade, representatives of ruined oil giant Yukos and the Russian government will meet face to face for the first time at the European Court of Human Rights this week as the dismantled company seeks to prove that its rights were violated.
Medidata Solutions Reports Record Fourth Quarter and Full Year 2009 Results Thursday, March 4, 2010 @ 3:18PMNEW YORK----Medidata Solutions , a leading global provider of hosted clinical development solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2009 and provided financial guidance for 2010.
Brrrrraving LAKE ERIE Sunday, February 28, 2010 @ 12:48AMHundreds of crazy people stripped down to bikinis, gym shorts and Austrian outfits Saturday afternoon to take a quick dip in Lake Erie.
Polar Bear Plunge honors teen killed in hit-skip crash Sunday, February 28, 2010 @ 12:48AMRed balloons blew back and forth in the wind slapping into each other Saturday afternoon as Melanie Moretti’s family members prepared to release them to officially open the 14th Annual Law Enforcement Polar Bear Plunge at Geneva State Park.
Chairman defends port panel pay hikes Sunday, February 28, 2010 @ 12:33AMThe growing number of complex economic development projects more than justifies pay hikes recently approved for Conneaut Port Authority members, said Denver Spieldenner, chairman of the group.
APPCO bankruptcy case nears completion Saturday, February 27, 2010 @ 9:36PMLocal businesses left hanging by last year’s APPCO convenience store bankruptcy number in the dozens, and it looks like they’ll be fortunate to get more than 10 cents for every dollar they were owed.
Trostel’s Home Furnishings, New Carlisle landmark, closing Saturday, February 27, 2010 @ 6:18PMNEW CARLISLE - After 122 years of doing business in the heart of New Carlisle, Trostel’s Home Furnishings at 201 S.
Pompey administrator won't rule out calling in the police Saturday, February 27, 2010 @ 10:11AMSOCCER Portsmouth's administrator promises to pass any evidence of money laundering or other wrongdoing by club's recent owners to police as he begins task of trying to save it from liquidation.
Related Links Saturday, February 27, 2010 @ 9:42AMNelson developer Scott Sanders and his business partner Clare Davies purchased Raetihi Lodge in the Marlborough Sounds for $2.225 million when one of Mr Sanders' other companies was sliding towards liquidation.
Seven start strong in D-I Saturday, February 27, 2010 @ 8:20AMMENTOR — At least after the first round of wrestling in the Division I district tournament Friday at Mentor High School, area competitors were holding their own.
D-III guys face uphill battle Saturday, February 27, 2010 @ 8:20AMMAPLE HEIGHTS — Area competitors in the Division III district tournament will have an uphill battle to qualify for the state tournament.
Stewartstown Railroad preparing payment plan Saturday, February 27, 2010 @ 1:55AMThe company said its creditors were open to a long-term repayment plan that would prevent a sheriff s sale.
A Don McCormack column: Frankly, some good guys step up Saturday, February 27, 2010 @ 12:34AMPaying another visit to the variety store...Good peopleOne of the most well-liked and respected gentlemen to have darkened the doors here at the Star Beacon is Tom Harris.
’Bula plowS idled until 11 p.m. Sunday Saturday, February 27, 2010 @ 12:18AMThe fierce winter storm that lashed Ashtabula County should ease this weekend, but travel still will be tricky in Ashtabula, where snowplows have been parked temporarily to save money
Three Ashtabula parishes may turn into one Saturday, February 27, 2010 @ 12:03AMNo timeline has been set and the final plan is not due until May, but a draft of a parish consolidation plan unveiled Wednesday night by the Diocese of Youngstown would merge the city’s three Roman Catholic parishes and one mission into one.
Governor asks PUCO to restore all-electric rate Saturday, February 27, 2010 @ 12:03AMWith the same regularity as the arrival of high electric bills at her all-electric home, Sue Steigerwald has kept up regular pressure on the Public Utilities Commission of Ohio to make FirstEnergy keep its agreement with consumers like herself.