Plans Bankruptcy

NFL players prone to financial fumbles – Daily Oklahoman
Hughes grossed over $1 million as a wide receiver and special teams player for the Kansas City Chiefs , including close to $400,000 in each of his final two seasons. But when he retired in 1999, he took a three-month internship at a local bank that

Colorado Newspaper Company To Buy Freedom’s Arizona Paper – Orange County Business Journal
Colorado-based newspaper company Thirteenth Street Media Inc. has been named as a potential buyer of Irvine-based Freedom Communications Inc.’s Arizona newspaper. Freedom, the parent company of the Orange County Register, reported it had received a

Future uncertain for both Butcher Boy locations – Reno Gazette
The flailing economy has contributed to the temporary closings of two Butcher Boy Meat, Deli & Catering, Inc., locations as its bankruptcy case continues, said owner, Ken Jolly. Through 6 p.m., Monday, the Butcher Boy Prime shop at 7300 S. Virginia

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

Dubai debt revives financial crisis fears – Bangladesh News 24 hours
The nerves showed in credit markets, at the center of the financial storm triggered by the Lehman Brothers’ bankruptcy last year. Asian bubble that imploded after the financial crisis derailed its plans to become a magnet for tourists and a

Check out some of the NFL cheerleaders from across the league. – NBC Sports
Danan Hughes endured a lot of crushing hits during six years in the NFL. The hardest blow of all, though, came at the end – when he went from mega-paycheck to no paycheck. Hughes grossed over $1 million as a wide receiver and special teams player for

Russia and France Reach Agreements on Autos and Natural Gas Pipelines – New York Times
There was, however, no decision on the most sensitive topic at the gathering of top government and business representatives at Rambouillet, outside Paris: whether France will sell to Russia a Mistral-class warship, which carries helicopters, troops

NFL players prone to financial fumbles – Daily Oklahoman
Hughes grossed over $1 million as a wide receiver and special teams player for the Kansas City Chiefs , including close to $400,000 in each of his final two seasons. But when he retired in 1999, he took a three-month internship at a local bank that

Colorado Newspaper Company To Buy Freedom’s Arizona Paper – Orange County Business Journal
Colorado-based newspaper company Thirteenth Street Media Inc. has been named as a potential buyer of Irvine-based Freedom Communications Inc.’s Arizona newspaper. Freedom, the parent company of the Orange County Register, reported it had received a

Future uncertain for both Butcher Boy locations – Reno Gazette
The flailing economy has contributed to the temporary closings of two Butcher Boy Meat, Deli & Catering, Inc., locations as its bankruptcy case continues, said owner, Ken Jolly. Through 6 p.m., Monday, the Butcher Boy Prime shop at 7300 S. Virginia

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

Dubai debt revives financial crisis fears – Bangladesh News 24 hours
The nerves showed in credit markets, at the center of the financial storm triggered by the Lehman Brothers’ bankruptcy last year. Asian bubble that imploded after the financial crisis derailed its plans to become a magnet for tourists and a

Check out some of the NFL cheerleaders from across the league. – NBC Sports
Danan Hughes endured a lot of crushing hits during six years in the NFL. The hardest blow of all, though, came at the end – when he went from mega-paycheck to no paycheck. Hughes grossed over $1 million as a wide receiver and special teams player for

Russia and France Reach Agreements on Autos and Natural Gas Pipelines – New York Times
There was, however, no decision on the most sensitive topic at the gathering of top government and business representatives at Rambouillet, outside Paris: whether France will sell to Russia a Mistral-class warship, which carries helicopters, troops

Initiative members include Dell, Lenovo, Fujitsu, and Intel among – DailyTech
Much of the U.S. is without broadband access to the internet. This is especially prevalent in rural areas of the country where there simply is not access to broadband service. Another issue keeping many people offline in the country is one of cost

Oregon firm quietly seizes big share of 3-D glasses – Oregonian
Oregon physicist Boyd MacNaughton has been thinking in three dimensions for decades. At 71, the grandfather of seven — flush with capital from Slovenia, of all places — is finally bringing his 3-D technology to the masses. If MacNaughton’s life

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

Initiative members include Dell, Lenovo, Fujitsu, and Intel among – DailyTech
Much of the U.S. is without broadband access to the internet. This is especially prevalent in rural areas of the country where there simply is not access to broadband service. Another issue keeping many people offline in the country is one of cost

Oregon firm quietly seizes big share of 3-D glasses – Oregonian
Oregon physicist Boyd MacNaughton has been thinking in three dimensions for decades. At 71, the grandfather of seven — flush with capital from Slovenia, of all places — is finally bringing his 3-D technology to the masses. If MacNaughton’s life

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

NFL players prone to financial fumbles – Daily Oklahoman
Hughes grossed over $1 million as a wide receiver and special teams player for the Kansas City Chiefs , including close to $400,000 in each of his final two seasons. But when he retired in 1999, he took a three-month internship at a local bank that

Russia and France Reach Agreements on Autos and Natural Gas Pipelines – New York Times
There was, however, no decision on the most sensitive topic at the gathering of top government and business representatives at Rambouillet, outside Paris: whether France will sell to Russia a Mistral-class warship, which carries helicopters, troops

Check out some of the NFL cheerleaders from across the league. – NBC Sports
Danan Hughes endured a lot of crushing hits during six years in the NFL. The hardest blow of all, though, came at the end – when he went from mega-paycheck to no paycheck. Hughes grossed over $1 million as a wide receiver and special teams player for

Oregon firm quietly seizes big share of 3-D glasses – Oregonian
Oregon physicist Boyd MacNaughton has been thinking in three dimensions for decades. At 71, the grandfather of seven — flush with capital from Slovenia, of all places — is finally bringing his 3-D technology to the masses. If MacNaughton’s life

Colorado Newspaper Company To Buy Freedom’s Arizona Paper – Orange County Business Journal
Colorado-based newspaper company Thirteenth Street Media Inc. has been named as a potential buyer of Irvine-based Freedom Communications Inc.’s Arizona newspaper. Freedom, the parent company of the Orange County Register, reported it had received a

Initiative members include Dell, Lenovo, Fujitsu, and Intel among – DailyTech
Much of the U.S. is without broadband access to the internet. This is especially prevalent in rural areas of the country where there simply is not access to broadband service. Another issue keeping many people offline in the country is one of cost

An old article but still revelant today!!! – Stockhouse
Average quality rating by the Stockhouse community. Pugwash in Nova Scotia, Wolfe Island in Ontario, Saint-Arsene in Quebec, and Edinbane in Scotland are actually living very stressful times. These small places are being called names by both

Future uncertain for both Butcher Boy locations – Reno Gazette
The flailing economy has contributed to the temporary closings of two Butcher Boy Meat, Deli & Catering, Inc., locations as its bankruptcy case continues, said owner, Ken Jolly. Through 6 p.m., Monday, the Butcher Boy Prime shop at 7300 S. Virginia

Dubai debt revives financial crisis fears – Bangladesh News 24 hours
The nerves showed in credit markets, at the center of the financial storm triggered by the Lehman Brothers’ bankruptcy last year. Asian bubble that imploded after the financial crisis derailed its plans to become a magnet for tourists and a

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

NFL players prone to financial fumbles – Daily Oklahoman
Hughes grossed over $1 million as a wide receiver and special teams player for the Kansas City Chiefs , including close to $400,000 in each of his final two seasons. But when he retired in 1999, he took a three-month internship at a local bank that

Russia and France Reach Agreements on Autos and Natural Gas Pipelines – New York Times
There was, however, no decision on the most sensitive topic at the gathering of top government and business representatives at Rambouillet, outside Paris: whether France will sell to Russia a Mistral-class warship, which carries helicopters, troops

Check out some of the NFL cheerleaders from across the league. – NBC Sports
Danan Hughes endured a lot of crushing hits during six years in the NFL. The hardest blow of all, though, came at the end – when he went from mega-paycheck to no paycheck. Hughes grossed over $1 million as a wide receiver and special teams player for

Oregon firm quietly seizes big share of 3-D glasses – Oregonian
Oregon physicist Boyd MacNaughton has been thinking in three dimensions for decades. At 71, the grandfather of seven — flush with capital from Slovenia, of all places — is finally bringing his 3-D technology to the masses. If MacNaughton’s life

Colorado Newspaper Company To Buy Freedom’s Arizona Paper – Orange County Business Journal
Colorado-based newspaper company Thirteenth Street Media Inc. has been named as a potential buyer of Irvine-based Freedom Communications Inc.’s Arizona newspaper. Freedom, the parent company of the Orange County Register, reported it had received a

Initiative members include Dell, Lenovo, Fujitsu, and Intel among – DailyTech
Much of the U.S. is without broadband access to the internet. This is especially prevalent in rural areas of the country where there simply is not access to broadband service. Another issue keeping many people offline in the country is one of cost

An old article but still revelant today!!! – Stockhouse
Average quality rating by the Stockhouse community. Pugwash in Nova Scotia, Wolfe Island in Ontario, Saint-Arsene in Quebec, and Edinbane in Scotland are actually living very stressful times. These small places are being called names by both

Future uncertain for both Butcher Boy locations – Reno Gazette
The flailing economy has contributed to the temporary closings of two Butcher Boy Meat, Deli & Catering, Inc., locations as its bankruptcy case continues, said owner, Ken Jolly. Through 6 p.m., Monday, the Butcher Boy Prime shop at 7300 S. Virginia

Dubai debt revives financial crisis fears – Bangladesh News 24 hours
The nerves showed in credit markets, at the center of the financial storm triggered by the Lehman Brothers’ bankruptcy last year. Asian bubble that imploded after the financial crisis derailed its plans to become a magnet for tourists and a

SemGroup LP closer to exiting bankruptcy – Tulsa World
There continue to be indications that bankrupt Tulsa energy firm SemGroup LP will emerge from Chapter 11 creditor protection as soon as Monday. Bloomberg News reported Friday that SemGroup may have its financing in place as the week begins, citing

Millions at stake for Glendale in the Coyotes bankruptcy – AZCentral.com
The Phoenix Coyotes have been purchased out of bankruptcy by the National Hockey League, but the shock waves continue to ripple as Glendale tries to negotiate to protect taxpayers. The city invested $182 million to open Jobing.com Arena in 2003. City

Nortel execs approve more raises – CBC News
Technology giant Nortel has been selling off its units since falling under bankruptcy protection in January. (Rebecca Zandbergen/CBC) Management at Nortel Networks Corp., already under fire for handing out executive bonuses, approved a plan this fall

State of Kansas considers cleanup plan for fertilizer plant – Kansas City Star
LAWRENCE | State officials said the cost of removing pollution at a former fertilizer plant will cost $13 million over three decades — and it is not clear who will pick up the bill. The Kansas Department of Health and Environment on Wednesday

EU set to extend holiday travel protection – English_Xinhua
BRUSSELS, Nov. 26 (Xinhua) — European travelers who book holiday “packages” with combinations of flights, hotels, car rentals were set to receive tougher financial protection, under plans put out for consultation by the European Commission on

STANFORD CASE – Houston Chronicle
judge is talking about possibly going back to a plan to give him court-appointed counsel. That has happened in white- collar cases but generally only after the defendants have been through other trials or declared bankruptcy. While Skilling

GM fumbles for Europe answers as Saab deal collapses – Lebanon Daily Star
STOCKHOLM/WIESBADEN: General Motors (GM) was grappling with the future of two European sections on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel restructuring plan. The US automaker, which emerged

Butcher Boy in Reno to close Monday – Reno Gazette
The federal bankruptcy court has rejected the company’s plan for Chapter 11 reorganization and gave the owners 10 days to resolve the issue, prompting the closing, said Kenny Jolly, a co-owner of Butcher Boy with his son, Clint. The Butcher Boy

21 new primary schools for Scotland – Scotsman
THE Scottish Government’s plan to build 21 new schools has been unveiled, amid criticisms there are in fact hundreds in urgent need of repair. Education secretary Fiona Hyslop revealed a list of primary schools which would be part of the latest

GM to decide Saab’s fate next week – Tehran Times
It was the third time in less than two months that a sale of a GM brand has been called off, reflecting the difficulty of selling underperforming divisions in the midst of a global sales slump. GM said on Tuesday that its board planned to determine

Millions at stake for Glendale in the Coyotes bankruptcy – AZCentral.com
The Phoenix Coyotes have been purchased out of bankruptcy by the National Hockey League, but the shock waves continue to ripple as Glendale tries to negotiate to protect taxpayers. The city invested $182 million to open Jobing.com Arena in 2003. City

Nortel execs approve more raises – CBC News
Technology giant Nortel has been selling off its units since falling under bankruptcy protection in January. (Rebecca Zandbergen/CBC) Management at Nortel Networks Corp., already under fire for handing out executive bonuses, approved a plan this fall

State of Kansas considers cleanup plan for fertilizer plant – Kansas City Star
LAWRENCE | State officials said the cost of removing pollution at a former fertilizer plant will cost $13 million over three decades — and it is not clear who will pick up the bill. The Kansas Department of Health and Environment on Wednesday

EU set to extend holiday travel protection – English_Xinhua
BRUSSELS, Nov. 26 (Xinhua) — European travelers who book holiday “packages” with combinations of flights, hotels, car rentals were set to receive tougher financial protection, under plans put out for consultation by the European Commission on

STANFORD CASE – Houston Chronicle
judge is talking about possibly going back to a plan to give him court-appointed counsel. That has happened in white- collar cases but generally only after the defendants have been through other trials or declared bankruptcy. While Skilling

GM fumbles for Europe answers as Saab deal collapses – Lebanon Daily Star
STOCKHOLM/WIESBADEN: General Motors (GM) was grappling with the future of two European sections on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel restructuring plan. The US automaker, which emerged

Butcher Boy in Reno to close Monday – Reno Gazette
The federal bankruptcy court has rejected the company’s plan for Chapter 11 reorganization and gave the owners 10 days to resolve the issue, prompting the closing, said Kenny Jolly, a co-owner of Butcher Boy with his son, Clint. The Butcher Boy

21 new primary schools for Scotland – Scotsman
THE Scottish Government’s plan to build 21 new schools has been unveiled, amid criticisms there are in fact hundreds in urgent need of repair. Education secretary Fiona Hyslop revealed a list of primary schools which would be part of the latest

GM to decide Saab’s fate next week – Tehran Times
It was the third time in less than two months that a sale of a GM brand has been called off, reflecting the difficulty of selling underperforming divisions in the midst of a global sales slump. GM said on Tuesday that its board planned to determine

Digital City opening at former Circuit City location in Clarksville – Leaf Chronicle
The old Circuit City store at Governor’s Square will be reborn as the nation’s first Digital City, an offshoot of Electronic Express. Clarksville is the first location for the concept, said James Craig, who is representing Electronic Express as the

European Stocks Slump Most in Three Weeks on Dubai; LSE Slides – Bloomberg
Nov. 26 (Bloomberg) — European stocks plummeted the most in three weeks amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. Asian shares fell. London Stock Exchange Group Plc

Digital City opening at former Circuit City location in Clarksville – Leaf Chronicle
The old Circuit City store at Governor’s Square will be reborn as the nation’s first Digital City, an offshoot of Electronic Express. Clarksville is the first location for the concept, said James Craig, who is representing Electronic Express as the

European Stocks Slump Most in Three Weeks on Dubai; LSE Slides – Bloomberg
Nov. 26 (Bloomberg) — European stocks plummeted the most in three weeks amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. Asian shares fell. London Stock Exchange Group Plc

AbitibiBowater gets court approval for nearly $5 million in annual – Fort Francis Times
MONTREAL — Newsprint giant AbitibiBowater’s cost savings efforts took a step forward Wednesday after two Quebec judges endorsed changes that will save the insolvent company nearly $5 million a year. The paper producer, which is operating under

GM may let go of Saab, its 4,500 jobs – Toledo Blade
DETROIT – General Motors Co. has not talked with any other potential buyers for the Swedish Saab brand since a specialty car maker pulled out of a deal to buy it this week, a person briefed on GM’s plans said yesterday. The development is another

European Stocks Slump Most in Three Weeks on Dubai; LSE Slides – Bloomberg
Nov. 26 (Bloomberg) — European stocks plummeted the most in three weeks amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. Asian shares fell. London Stock Exchange Group Plc

Digital City opening at former Circuit City location in Clarksville – Leaf Chronicle
The old Circuit City store at Governor’s Square will be reborn as the nation’s first Digital City, an offshoot of Electronic Express. Clarksville is the first location for the concept, said James Craig, who is representing Electronic Express as the

Nets flourish with fall crop – Variety
“It may be low-tech but I still maintain the whoopee cushion has comic validity.” — Sheldon Cooper, “The Big Bang Theory.” The broadcast networks were on the ropes this television season even before it began — months before. Once NBC announced on

CA-BUSINESS Summary – ReportonBusiness.com
TORONTO (Reuters) – Toronto’s main stock market index could open lower on Thursday as weak U.S. crude oil and falling gold prices weigh on the commodities-laden bourse. But volume is expected to be light in Canada with U.S. markets closed for the

AbitibiBowater gets court approval for nearly $5 million in annual – Fort Francis Times
MONTREAL — Newsprint giant AbitibiBowater’s cost savings efforts took a step forward Wednesday after two Quebec judges endorsed changes that will save the insolvent company nearly $5 million a year. The paper producer, which is operating under

GM may let go of Saab, its 4,500 jobs – Toledo Blade
DETROIT – General Motors Co. has not talked with any other potential buyers for the Swedish Saab brand since a specialty car maker pulled out of a deal to buy it this week, a person briefed on GM’s plans said yesterday. The development is another

European Stocks Slump Most in Three Weeks on Dubai; LSE Slides – Bloomberg
Nov. 26 (Bloomberg) — European stocks plummeted the most in three weeks amid concern Dubai’s proposal to delay debt payments may trigger the biggest sovereign default since Argentina in 2001. Asian shares fell. London Stock Exchange Group Plc

Digital City opening at former Circuit City location in Clarksville – Leaf Chronicle
The old Circuit City store at Governor’s Square will be reborn as the nation’s first Digital City, an offshoot of Electronic Express. Clarksville is the first location for the concept, said James Craig, who is representing Electronic Express as the

Nets flourish with fall crop – Variety
“It may be low-tech but I still maintain the whoopee cushion has comic validity.” — Sheldon Cooper, “The Big Bang Theory.” The broadcast networks were on the ropes this television season even before it began — months before. Once NBC announced on

CA-BUSINESS Summary – ReportonBusiness.com
TORONTO (Reuters) – Toronto’s main stock market index could open lower on Thursday as weak U.S. crude oil and falling gold prices weigh on the commodities-laden bourse. But volume is expected to be light in Canada with U.S. markets closed for the

Nets flourish with fall crop – Variety
“It may be low-tech but I still maintain the whoopee cushion has comic validity.” — Sheldon Cooper, “The Big Bang Theory.” The broadcast networks were on the ropes this television season even before it began — months before. Once NBC announced on

Deal to buy Statler lurches toward new deadline – Buffalo News
Deadline day for the prospective buyers of the Statler Towers is fast approaching. New Buffalo Statler Redevelopment is working to complete its $1.3 million purchase of the property in time for Monday’s closing date set by the court. The group so

Turkey Day Readings – GuruFocus
An interesting proposal on banking reform : Lately there have been a number of political and financial commentators speaking out When it became clear that AIG could face bankruptcy, Goldman’s plan to profit by shorting ABS CDOs was threatened.

Get Obama’s Updated Home Mortgage Refinance Loan @2% Rates – OpEdNews.com
Millions of homeowners in America are qualified to get benefit of President Obama’s mortgage stimulus plan. Now, I have broken down the necessities and major benefits this government backed mortgage refinance plan present, such as options to

Nets flourish with fall crop – Variety
“It may be low-tech but I still maintain the whoopee cushion has comic validity.” — Sheldon Cooper, “The Big Bang Theory.” The broadcast networks were on the ropes this television season even before it began — months before. Once NBC announced on

Deal to buy Statler lurches toward new deadline – Buffalo News
Deadline day for the prospective buyers of the Statler Towers is fast approaching. New Buffalo Statler Redevelopment is working to complete its $1.3 million purchase of the property in time for Monday’s closing date set by the court. The group so

Turkey Day Readings – GuruFocus
An interesting proposal on banking reform : Lately there have been a number of political and financial commentators speaking out When it became clear that AIG could face bankruptcy, Goldman’s plan to profit by shorting ABS CDOs was threatened.

Get Obama’s Updated Home Mortgage Refinance Loan @2% Rates – OpEdNews.com
Millions of homeowners in America are qualified to get benefit of President Obama’s mortgage stimulus plan. Now, I have broken down the necessities and major benefits this government backed mortgage refinance plan present, such as options to

CIT Group Says Bankruptcy Plan Wins Wide Support – ABC News
NEW YORK (Reuters) – CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. The New York-based company said it

Food Lion left out of Bi-Lo plans – The Sun News
Bi-Lo said this week it filed a reorganization plan with U.S. Bankruptcy Court that calls for a $350 million cash infusion from its current owner, Lone Star Funds, but doesn’t include Food Lion, which had signed a non-binding letter of intent to

How the Saturn deal fell apart; default a shock – Detroit Free Press
LaSorda resigned from Chrysler after its April 30 bankruptcy filing and soon joined Penske as in the auto industry who regard Roger Penske as a miracle worker assumed he would have a Plan B when the Renault option fizzled. They assumed wrong. “

Diocese in Alaska agrees to $10M abuse settlement – WDBJ7.com
Bankruptcy Court Judge Donald MacDonald to hear unresolved insurance issues pertaining to the diocese’s revised reorganization plan.

NY grocer plans to close 53 stores, lay off 4,000 – New York Post
SYRACUSE, N.Y. — The Penn Traffic Co. has told New York officials it will close dozens of supermarkets in upstate New York and lay off more than 4,000 employees. The Syracuse-based supermarket operator’s layoff notice filed with the state Labor

Ford extends $7.9 billion in debt – Detroit Free Press
Ford said it plans to repay $1.9 billion of its existing $10.7-billion line of credit automaker that didn’t file for bankruptcy this year, now is saddled with a higher debt ratio than its domestic competitors, but has developed a successful

CIT Group Says Bankruptcy Plan Wins Wide Support – ABC News
NEW YORK (Reuters) – CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. The New York-based company said it

Food Lion left out of Bi-Lo plans – The Sun News
Bi-Lo said this week it filed a reorganization plan with U.S. Bankruptcy Court that calls for a $350 million cash infusion from its current owner, Lone Star Funds, but doesn’t include Food Lion, which had signed a non-binding letter of intent to

How the Saturn deal fell apart; default a shock – Detroit Free Press
LaSorda resigned from Chrysler after its April 30 bankruptcy filing and soon joined Penske as in the auto industry who regard Roger Penske as a miracle worker assumed he would have a Plan B when the Renault option fizzled. They assumed wrong. “

Diocese in Alaska agrees to $10M abuse settlement – WDBJ7.com
Bankruptcy Court Judge Donald MacDonald to hear unresolved insurance issues pertaining to the diocese’s revised reorganization plan.

NY grocer plans to close 53 stores, lay off 4,000 – New York Post
SYRACUSE, N.Y. — The Penn Traffic Co. has told New York officials it will close dozens of supermarkets in upstate New York and lay off more than 4,000 employees. The Syracuse-based supermarket operator’s layoff notice filed with the state Labor

Ford extends $7.9 billion in debt – Detroit Free Press
Ford said it plans to repay $1.9 billion of its existing $10.7-billion line of credit automaker that didn’t file for bankruptcy this year, now is saddled with a higher debt ratio than its domestic competitors, but has developed a successful

Saab brand may go extinct as GM’s deal to sell it fails – Deseret News
It’s easy. Send a link to the story you were just reading to a friend. Just fill out the form on this page and we’ll send it along. DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied

GM likely to shut down Saab division – Chicago Tribune
General Motors Co. will likely shut down its Saab division after a buyer for the struggling Swedish automaker backed out at the 11th hour. Saab’s suitor, Swedish sports car manufacturer Koenigsegg Group AB, was expected to complete the acquisition by

Saab brand may go extinct as GM’s deal to sell it fails – Deseret News
It’s easy. Send a link to the story you were just reading to a friend. Just fill out the form on this page and we’ll send it along. DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied

GM likely to shut down Saab division – Chicago Tribune
General Motors Co. will likely shut down its Saab division after a buyer for the struggling Swedish automaker backed out at the 11th hour. Saab’s suitor, Swedish sports car manufacturer Koenigsegg Group AB, was expected to complete the acquisition by

BI-LO plans to start fresh – Blueridgenow.com
On Friday, BI-LO LLC and certain affiliates filed its plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of South Carolina. The plan is sponsored by Lone Star Funds and includes a $350 million cash

GM likely to shut down Saab division – Chicago Tribune
General Motors Co. will likely shut down its Saab division after a buyer for the struggling Swedish automaker backed out at the 11th hour. Saab’s suitor, Swedish sports car manufacturer Koenigsegg Group AB, was expected to complete the acquisition by

Bi-Lo bankruptcy plan targets $350M from fund – Charleston Daily Mail
The Greenville News reported Tuesday that Bi-Lo said its plan includes $150 million in new investment and $200 million in loan financing by Dallas-based private equity group Lone Star Funds. The Mauldin-based grocery chain said a further $150 million

UPDATE 1-CIT Group CDS settle at 68.12 pct in auction – Reuters
NEW YORK, Nov 20 (Reuters) – Sellers of protection on CIT Group Inc’s ( CITGQ.PK ) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company’s credit default swaps. CDSs

Saab brand may go extinct as GM’s deal to sell it fails – Deseret News
It’s easy. Send a link to the story you were just reading to a friend. Just fill out the form on this page and we’ll send it along. DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied

Saab likely to close as GM fails to sell brand – Riverside Press Enterprise
A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction. Koenigsegg Group AB, a consortium formed by Swedish luxury sports car maker Koenigsegg

Ford extends $7.9 billion in debt payments – Detroit Free Press
Ford said each lender that agreed to extend the payment terms was able to reduce the total amount of credit available to Ford by as much as 25%. Ford said it plans to repay $1.9 billion of its existing $10.7-billion line of credit. Lenders holding

Text Size – Chicago Tribune
A large group of prominent investment funds sought to wrest control of the Tribune Co. bankruptcy case Tuesday in a move that threatens to intensify an already pitched battle between senior and junior creditors. In a filing Tuesday with the U.S

Food Lion left out of Bi-Lo plans – The Sun News
Bi-Lo said this week it filed a reorganization plan with U.S. Bankruptcy Court that calls for a $350 million cash infusion from its current owner, Lone Star Funds, but doesn’t include Food Lion, which had signed a non-binding letter of intent to

CALC Decides to Appeal Staff Determination Regarding Nasdaq Delisting – Biloxi Sun Herald
IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ — California Coastal Communities, Inc. (Nasdaq: CALC) announced today that it will appeal the previously announced October 28, 2009 delisting determination of the Nasdaq Stock Market Listing

BI-LO plans to start fresh – Blueridgenow.com
On Friday, BI-LO LLC and certain affiliates filed its plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of South Carolina. The plan is sponsored by Lone Star Funds and includes a $350 million cash

GM likely to shut down Saab division – Chicago Tribune
General Motors Co. will likely shut down its Saab division after a buyer for the struggling Swedish automaker backed out at the 11th hour. Saab’s suitor, Swedish sports car manufacturer Koenigsegg Group AB, was expected to complete the acquisition by

Bi-Lo bankruptcy plan targets $350M from fund – Charleston Daily Mail
The Greenville News reported Tuesday that Bi-Lo said its plan includes $150 million in new investment and $200 million in loan financing by Dallas-based private equity group Lone Star Funds. The Mauldin-based grocery chain said a further $150 million

UPDATE 1-CIT Group CDS settle at 68.12 pct in auction – Reuters
NEW YORK, Nov 20 (Reuters) – Sellers of protection on CIT Group Inc’s ( CITGQ.PK ) bonds will need to pay buyers 31.88 percent of the insurance they sold, after an auction was held on Friday to set a value for the company’s credit default swaps. CDSs

Saab brand may go extinct as GM’s deal to sell it fails – Deseret News
It’s easy. Send a link to the story you were just reading to a friend. Just fill out the form on this page and we’ll send it along. DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied

Saab likely to close as GM fails to sell brand – Riverside Press Enterprise
A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in 1947 close to extinction. Koenigsegg Group AB, a consortium formed by Swedish luxury sports car maker Koenigsegg

Ford extends $7.9 billion in debt payments – Detroit Free Press
Ford said each lender that agreed to extend the payment terms was able to reduce the total amount of credit available to Ford by as much as 25%. Ford said it plans to repay $1.9 billion of its existing $10.7-billion line of credit. Lenders holding

Text Size – Chicago Tribune
A large group of prominent investment funds sought to wrest control of the Tribune Co. bankruptcy case Tuesday in a move that threatens to intensify an already pitched battle between senior and junior creditors. In a filing Tuesday with the U.S

Food Lion left out of Bi-Lo plans – The Sun News
Bi-Lo said this week it filed a reorganization plan with U.S. Bankruptcy Court that calls for a $350 million cash infusion from its current owner, Lone Star Funds, but doesn’t include Food Lion, which had signed a non-binding letter of intent to

CALC Decides to Appeal Staff Determination Regarding Nasdaq Delisting – Biloxi Sun Herald
IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ — California Coastal Communities, Inc. (Nasdaq: CALC) announced today that it will appeal the previously announced October 28, 2009 delisting determination of the Nasdaq Stock Market Listing