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New York state announces plan for board to help cash-strapped cities
ReutersNEW YORK (Reuters) - New York state lawmakers on Tuesday announced plans to create a financial restructuring board and binding arbitration process to help struggling municipalities manage their finances. The legislation, which will be taken up by the...Tags: Andrew Cuomo, Career and Workplace, Politics, Government, Arbitration
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Here's the big hurdle in the San Jose lawsuit to get the A's
In 2009 the Phoenix Coyotes were bound for Canada. The owner of the Coyotes had agreed to sell the team for $212.5 million, but the NHL intervened and said no team could move without league approval. In court papers, Major League Baseball supported...Tags: National Hockey League, Bud Selig, Major League Baseball, Antitrust Issues, Laws
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RPT-After opening gambit, Detroit manager's next move vexes creditors
ReutersBy Nick Carey and Tom Hals June 16 (Reuters) - Now that Detroit's emergency manager has laid out a tough road that could include a bankruptcy filing for the city, the bondholders, pension managers and others with a stake in the outcome are left to assess...Tags: Lawyers, Career and Workplace, Automotive Equipment, Car Safety Tips and Advice, Politics
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Orchard Supply Hardware files for Chapter 11; Lowe's to buy assets
ReutersJune 17 (Reuters) - U.S. hardware-and-garden chain Orchard Supply Hardware Stores Corp filed for Chapter 11 bankruptcy protection early on Monday, court documents showed, and has agreed to sell the majority of its assets to retailer Lowe's Companies Inc...Tags: Farms, Lowe's Companies Inc.
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Fisker's China (dis)connections
ReutersBEIJING (Reuters) - In late January, consultant Joel Ewanick arrived at Geely's headquarters in eastern China to deliver an impassioned pitch on behalf of Fisker Automotive, the California-based boutique green-car maker that was running out of cash and...Tags: Global Expansion, Automotive Equipment, Sweden, General Motors Corp., Nissan Motor Co.
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Special Report: Bad Karma: How Fisker burned through $1.4 billion on a 'green' car
ReutersDETROIT (Reuters) - Danish designer Henrik Fisker knows how to style a sexy car. Among his works is the BMW Z8, driven by James Bond in "The World Is Not Enough," where the sleek roadster gets sliced in two by a helicopter armed with giant saws. Fisker's...Tags: General Motors Corp., Loans, Google Inc., Monaco, IBM
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RPT-ANALYSIS-Why bankrupt W.R. Grace is thriving
Reuters(Repeats June 16 story for wider distribution) By Ernest Scheyder and Nick Brown COLUMBIA, Md./NEW YORK, June 16 (Reuters) - A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S....Tags: Shareholders, Environmental Issues, Upstream Oil and Gas Activities, Credit Ratings, Trials
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Sure Fit closing Lower Macungie facility, laying off 75
Sure Fit Inc., the Lehigh Valley slipcover maker that at one time was a rare success story in the struggling U.S. textile industry, will close its Lower Macungie Township distribution center this year, resulting in 75 layoffs. In a notice filed with...Tags: Career and Workplace, Consumer Goods Industries, Delaware County, Employees, Unemployment
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Orchard Supply files for bankruptcy, Lowe's steps in
Reuters(Reuters) - Orchard Supply Hardware Stores Corp , spun off by Sears Holdings Corp less than two years ago, has filed for Chapter 11 bankruptcy protection partly blaming hefty dividends paid out to its former parent. Rival retailer Lowe's Companies said...Tags: Farms, The Home Depot, Lowe's Companies Inc., Services and Shopping, Economy, Business and Finance
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The Detroit Institute of Arts' masterpieces are safe, for now
Several treasured works of art at the Detroit Institute of Arts -- including an 1887 Van Gogh self-portrait and Giovanni Bellini’s “Madonna and Child” -- are safe from being sold off for the time being. Michigan’s Atty. Gen. Bill...
Tags: Arts and Culture, Times Square, Museums, Arts, Artists
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Lowe's aims to acquire Orchard Supply Hardware amid OSH bankruptcy
Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer – larger competitor Lowe’s Companies Inc. Lowe’s is offering to buy most of the San Jose company’s assets for $205 million in cash...
Tags: Financially Distressed Companies, Sears Holdings Corp.
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Soccer-Hearts poised to enter administration
ReutersJune 17 (Reuters) - Scottish Premier League (SPL) club Hearts served notice on Monday of their intention to appoint an administrator having last week put all their players up for sale and been banned from making new signings. The Edinburgh club has...Tags: Economy, Business and Finance, Finance
Jun 18, 2013
|Story| Reuters
Jun 18, 2013
|Story| Los Angeles Times
Jun 17, 2013
|Story| Reuters
Jun 16, 2013
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Jun 16, 2013
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Jun 16, 2013
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Jun 17, 2013
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Jun 17, 2013
|Story| Allentown Morning Call
Jun 17, 2013
|Story| Reuters
Jun 17, 2013
|Story| Los Angeles Times
Jun 17, 2013
|Story| Los Angeles Times
Jun 17, 2013
|Story| Reuters
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