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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: Career and Workplace, Bethlehem Steel, Lehigh County, Autism, Politics
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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... -
Exclusive: Bob Lutz, Chinese in bid to buy Fisker Automotive - sources
ReutersDETROIT (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter said....Tags: Fuel-efficient Vehicles, General Motors Corp., Hong Kong, Chevrolet, Finance
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U.S. CFTC watchdog faults Gensler for recusal from MF Global probe
ReutersBy Sarah N. Lynch and Douwe Miedema WASHINGTON, May 21 (Reuters) - The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal...Tags: Richard Shelby, Politics, CME Group Inc., U.S. Senate Committee on Banking, Housing, and Urban Affairs, Ethics
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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, Pottery Barn, Furniture, Services and Shopping
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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: Evan Jones, Judges, Auction Service, Financially Distressed Companies, Academy Awards
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Battery maker B456 Systems' bankruptcy plan approved
ReutersMay 21 (Reuters) - B456 Systems Inc, the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval for its bankruptcy plan on Monday. Judge Kevin Carey approved the plan under which unsecured creditors of the...Tags: General Motors Corp., Financially Distressed Companies, Automotive Equipment, Kevin J. Carey, China
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Sweden probes former Saab executives in tax investigation
ReutersSTOCKHOLM, May 21 (Reuters) - Swedish prosecutors have detained the former chief executive of bankrupt car maker Saab and two others in an investigation into suspected tax offences relating to the running of the company, officials said on Tuesday. In...Tags: General Motors Corp., Automotive Equipment, Crime, Law and Justice, Entertainment, Radio
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Democrats make last push in primary to be mayor of Harrisburg, Pennsylvania
Reuters(Reuters) - The mayor of Harrisburg, Pennsylvania's cash-strapped capital, faces off on Tuesday against two fellow Democrats in a primary election that will likely determine who leads a city that has become a poster child for financial mismanagement....Tags: ABC (tv network), Politics, U.S. Securities and Exchange Commission, Economy, Business and Finance, Primaries
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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Judges, Financially Distressed Companies, Allentown, Economy, Business and Finance, Justice System
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Dish's Ergen eyes LightSquared spectrum
Reuters(Reuters) - Charlie Ergen, the chairman of U.S. satellite company Dish Network Corp , has offered to buy bankrupt broadband company LightSquared Inc's wireless airwaves, a source close to Ergen told Reuters. Ergen's offer for LightSquared spectrum is...Tags: Federal Communications Commission
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Report: 3 former Saab execs charged with tax evasion
Autoblog.comFiled under: Europe, Government/Legal, Saab The Associated Press reports three former Saab executives have been arrested on charges of accounting fraud. Swedish prosecutor Olof Sahlgren has refused to identify the individuals, but says they're suspected...
May 21, 2013
|Story| Allentown Morning Call
May 21, 2013
|Blog| Autoblog.com
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Chicago Tribune
May 21, 2013
|Story| Wrap
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 20, 2013
|Blog| Autoblog.com
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