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Lehman Brothers Holding raises $1.88 bln selling broker claims
ReutersMay 22 (Reuters) - Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage. The holding company said in a statement...Tags: Business Enterprises, Investment Service, Investments, Companies and Corporations, Banking
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COLUMN-Solar panel glut may persist: Gerard Wynn
ReutersBy Gerard Wynn LONDON, May 22 (Reuters) - Overcapacity in the global solar industry is unlikely to disappear soon, suggest data and strategies outlined in the recent financial reports of top manufacturers. That surplus has contributed to sharp falls...Tags: Global Expansion, Plant Openings, Environmental Issues, Companies and Corporations, Renewable Energy
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Sinbad Bankrupt And Owes $8 Million To The IRS
By Terri SchwartzZap2it 7:32 p.m. EDT, May 20, 2013 Not only has Sinbad gone bankrupt, but he's also facing a whole lot of debt. The comedian filed for Chapter 13 in April and claims he owes $8.3 million to the IRS for taxes from 1998 to 2006. He also...
Tags: Internal Revenue Service, Entertainment
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Hampton Roads, Bowling, Companies and Corporations, Sports, Financially Distressed Companies
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US auto factories cutting back on summer downtime
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its...
Tags: General Motors Corp., Manufacturing and Engineering, Chevrolet, Jeep, Automotive Equipment
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Voters oust mayor of Harrisburg, Pennsylvania in primary
Reuters(Reuters) - The embattled mayor of Pennsylvania's financially crippled capital of Harrisburg was ousted on Tuesday when she lost the Democratic primary to the owner of an independent bookstore. Mayor Linda Thompson's loss to Eric Papenfuse comes after...Tags: Finance, Primaries, Politics, U.S. Securities and Exchange Commission, Harrisburg (Dauphin, Pennsylvania)
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For candidates and campaigners, the hangover begins
For candidates, campaigners, consultants and donors, Tuesday night must feel a little like standing at the roulette table in a Las Vegas Casino. Bets are down and the wheel is spinning. Who will win, who will lose, no one knows until the wheel stops. Or...Tags: Local Government, Politics, Elections
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Rival buys shuttered furnishings retailer Chiasso
Tribune reporterChiasso, the shuttered purveyor of upscale and eclectic home furnishings, has been acquired by its New Jersey-based competitor Inmod.com. The 28-year-old Chiasso closed in February, citing "economic conditions" on its Facebook page. The retailer...Tags: Media Industry, Services and Shopping, Pottery Barn, Furniture
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Bob Lutz and VL Automotive, Wanxiang trying to buy Fisker
Autoblog.comFiled under: EV/Plug-in, Hybrid, Fisker Chinese company Wanxiang was in the news earlier this year, as it moved to acquire bankrupt automotive battery company A123. Turns out, while that was taking place in the public eye, Wanxiang was also working with... -
Rhythm & Hues Stalking Horse Bidder Settles for $300K Break-Up Fee (Exclusive)
ReutersMay 21 (TheWrap.com) - JS Communications has agreed to a $300,000 breakup fee for its role as stalking horse bidder in the March sale of bankrupt visual-effects company Rhythm & Hues Studios, according to court filings. The two companies have agreed to a...Tags: Auction Service, Crime, Law and Justice, Judges, Entertainment Events, Companies and Corporations
May 25, 2011
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May 25, 2011
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 22, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
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May 21, 2013
|Blog| Autoblog.com
May 21, 2013
|Story| Wrap
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