RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

Bankruptcy

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

Top Bankruptcy Articles

Displaying items 67-77
  • Ontario looks to liquidate its holdings in General Motors

     
    Filed under: Government/Legal, GM, Earnings/Financials, Canada The late-80s and early-90s saw the Canadian government divest itself from some of its largest state-owned businesses (known in Commonwealth countries as Crown Corporations) - particularly when...
  • Lehigh Valley Fitness closes 3 gyms abruptly; 'It's chaos'

    Lehigh Valley Fitness closes 3 gyms abruptly; 'It's chaos'
    The Lehigh Valley Racquet and Fitness Clubs began notifying members Tuesday night that all three of its round-the-clock clubs are closing permanently. Corporate officials could not be reached immediately, but a woman identifying herself as a front-...
  • Pennsylvania bank submits highest bid for 1st Mariner

    Pennsylvania bank submits highest bid for 1st Mariner
    A regional Pennsylvania bank submitted the highest bid at the auction for Baltimore's 1st Mariner Bank in a deal that must still be approved by a federal bankruptcy court judge and banking regulators. National Penn Bank offered $19.1 million for 1st...
  • Ireland's 'bad bank' sells Northern Ireland loans

    DUBLIN (Reuters) - Ireland's "bad bank" sold its entire portfolio of loans belonging to Northern Ireland-based debtors on Friday in its largest deal to date, cashing in on surging international demand. The loans, which had a par value of 4.5 billion...
  • BoE's Haldane says funds can also be 'too big to fail'

    LONDON (Reuters) - A top Bank of England official put the world's $87 trillion asset-management industry on alert on Friday, saying it posed some of the same "too big to fail" risks that are being tackled by reforms at major banks. Although asset...
  • 1st Mariner Bank heads to auction

    1st Mariner Bank heads to auction
    The future of 1st Mariner, Baltimore's largest independent bank, could be decided this week. A bankruptcy judge approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's Chapter 11 bankruptcy filing. Bids for...
  • Apartment tower proposed for Inner Harbor site

    Apartment tower proposed for Inner Harbor site
    A Pikesville developer will present plans to the city next week to build one of Baltimore's tallest buildings on the site of the former McCormick & Co. spice factory at the Inner Harbor, transforming the skyline with a luxury apartment tower. The Questar...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • Spencer buying Brookstone out of bankruptcy

    Spencer buying Brookstone out of bankruptcy
    Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone sells products ranging from massage chairs to bathroom slippers through stores in malls...
  • AMR investors stand to profit on American Airlines' new shares

    Holding onto shares of AMR Corp. could pay off handsomely for investors. The value of the stock, which traded for less than a quarter in the in the low days of the airline's bankruptcy, is now estimated to reach as much as $28 a share when American...
  • GM adds Clinton-era veteran to crisis-management team

    General Motors Co. has hired Jeff Eller, a Clinton-era crisis communications expert, to join a growing team to help the automaker deal with an ignition switch recall that has been tied to 31 crashes and 13 deaths and is now part of congressional...