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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles

Displaying items 34-44
  • Former Ames Headquarters To Be Auctioned In June

    Former Ames Headquarters To Be Auctioned In June
    ROCKY HILL – A public auction for qualified bidders interested in acquiring the former Ames Department Store headquarters on Main Street has been scheduled for June. The auction by David R. Maltz & Co., Inc., will be held 1 p.m., June 19 at the...
  • Gov. Quinn, let Chicago solve its pension crisis

    Gov. Quinn, let Chicago solve its pension crisis
    Step 1 of 4: Mayor Rahm Emanuel persuaded a majority of Illinois legislators to pass a bill that would let Chicago's City Hall ease the pension crisis for two endangered pension funds. Laborers and municipal workers would make future sacrifices to steer...
  • Group with local ties wins battle to buy 1st Mariner

    Group with local ties wins battle to buy 1st Mariner
    In a surprising reversal, last week's losing bidder for 1st Mariner Bank got approval Tuesday to buy it — preserving the city's largest independent bank as a Baltimore-based institution. The group of investors, a mix of locals and out-of-state...
  • National Penn gives up bid for Baltimore bank

    National Penn gives up bid for Baltimore bank
    National Penn Bancshares of Allentown dropped out of the running to acquire Baltimore's only locally owned bank. The decision came Tuesday after a federal bankruptcy court judge agreed to reopen an auction for 1st Mariner Bank. "Obviously it's been a...
  • Ken Forsse dies at 77; Teddy Ruxpin creator attended Burbank High

    Ken Forsse dies at 77; Teddy Ruxpin creator attended Burbank High
    Talking toys have been around since at least 1960, when pull-the-string Chatty Cathy debuted. But Teddy Ruxpin, a cuddly teddy bear that hit stores in late 1985, marked a technological leap forward. Created by then-Granada Hills resident Ken Forsse, the...
  • Detroit reaches pension deal with retired police, firefighters

    Detroit reaches pension deal with retired police, firefighters
    Detroit, fighting its way through the largest public bankruptcy in U.S. history, has reached an agreement that preserves current pensions but cuts cost-of-living payments for retired police and firefighters. The agreement, announced Tuesday, is the...
  • GM wants bankruptcy judge to limit recall liability

    WASHINGTON General Motors Co. wants to delay a federal judge in San Francisco from ruling on a class-action case until a bankruptcy judge in New York decides whether the company is shielded from all product liability claims tied to crashes or defects...
  • No pension cuts in�deal reached with Detroit fire, police retirees

    DETROIT A major association representing Detroit's police and fire retirees has agreed to support a deal with the City of Detroit in which uniformed pensioners would not receive cuts to their monthly pension checks. The deal revealed Tuesday afternoon by...
  • Chrysler dealers terminated in bankruptcy still stuck in court

     
    Filed under: Government/Legal, Chrysler Part of the deal for the federal bailouts of Chrysler and General Motors was that both organizations were required to trim their vast array of dealerships. This move did not sit well with the people that would be...
  • With 'Salem,' WGN America hopes to put a spell on TV viewers

    SHREVEPORT, La.— A woodsy stretch of Willow Lake Farm, just outside this city, has been painstakingly built to look like a 17th century New England village, filled with shops and houses with steep-pitched roofs and drab clapboard exteriors....
  • Regulators ease rule curbing banks' exposures to customers

    LONDON (Reuters) - Global regulators have eased a new rule limiting how much business a bank can undertake with a single customer, as they try to minimize the risk of fallout from a counterparty going bust without imposing excessive burdens on financial...