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State seeks bankruptcy for troubled Meredith financial firms
State officials went to federal court yesterday to force into bankruptcy two troubled Meredith financial firms.
Ex-Vivendi CEO tells jury in investor lawsuit: I 'did...
Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.
Diocese: Pedophile priests should get benefits
The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments.
Court: Butler County Woman Can't Re-Sue Ernst & Young 1 min ago
A federal appeals court said a western Pennsylvania woman isn't entitled to a new trial on her claim that an accounting error by Ernst & Young cost her $103 million.
General Growth says creditors agree to restructure $8.9B in shopping center mortgage loans
In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston.
Creditors seek to stop payments to NJ corruption informant Solomon Dwek
Creditors are trying to cut off a $12,800 monthly allowance to the government's key informant in New Jersey's largest corruption sting.
The Penn Traffic Company and its primary subsidiaries filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code on November 18, 2009.
154 salmonella claims confirmed: Plainview & Blakely peanut plants
A bankruptcy trustee says claims have been filed for 154 people who say they were sickened by a salmonella outbreak traced to a Virginia peanut company.
Champion says Neb. workers safe in restructuring
Manufactured home and modular building maker Champion Enterprises Inc. says it is not planning any layoffs at its York, Neb., plant as part of its restructuring.
Beautyrest maker files for bankrtupcy
Simmons Company, maker of Beautyrest mattresses, has filed for bankruptcy protection.
The Business Journal of Milwaukee
Simon looking at General Growth assets
Simon Property Group Inc. , the owner of Southridge Mall in Greendale, has hired outside advisers to help it weigh its options regarding the possible acquisition of assets from fellow shopping mall owner General Growth Properties , which owns Mayfair Mall in Wauwatosa.
JAL shares tumble; court bankruptcy not ruled out
Japan's transport minister declined to rule out a court-led bankruptcy for Japan Airlines , sending the struggling carrier's stock to a record low, even as U.S. carriers lined up with offers of financial support.
CEO: Reader's Digest leaving longtime suburban HQ
The company that publishes Reader's Digest is planning to vacate its longtime suburban headquarters, the CEO said Wednesday.
Auction of Philly newspaper company put on...
A bankruptcy auction of the company that publishes The Philadelphia Inquirer and Philadelphia Daily News has been postponed while creditors appeal a key ruling.
Penn Gaming Makes Bid for Fontainebleau
Penn National Gaming offered $50 million for the Fontainebleau Las Vegas casino-resort. The development is currently under bankruptcy, and Penn's offer would serve as the opening bid at a bankruptcy auction.
Pa. swim club accused of bias files for bankruptcy
A suburban Philadelphia swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children has filed for bankruptcy.The Chapter 7 filing by Valley Swim Club president John Duesler on Monday says the club's assets are between $1 million and $10 million and estimates liabilities at $100,000 to ...
Foxwoods fails to make full debt payment
Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession.
New York City's Hometown Newspaper - ...
Lehman sues Barclays over 'windfall profit' from Lehman Brother's firesale
Former Lehman Brothers CEO Dick Fuld. Lehman Brothers Holdings sues Barclays Capital over $8.2B 'windfall profit' resulting from firesale Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business ...
Donald Trump, bondholders reach deal over 3 Atlantic City casinos
Bondholders battling Donald Trump for control of Trump Entertainment Resorts' three Atlantic City casinos have reached a deal allowing the casinos to retain Trumps' trademark name.
Amelia Island Plantation owner files for bankruptcy
Courtesy Amelia Island Plantation Amelia Island Plantation resort will continue to operate while Amelia Island Company files Chapter 11 bankruptcy.
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