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Country club seeking bankruptcy protection
The Spokesman-ReviewThe Spokane Country Club has filed for bankruptcy to avoid paying $1.7 million in legal costs tied to its loss in a gender discrimination lawsuit. The private golf club, formed in 1898, is in no danger of closing its course in north Spokane, club...Tags: Insurance, Lawyers, Financially Distressed Companies, Lifestyle and Leisure, Crime, Law and Justice
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Documents: Hampton Lake development bankruptcy years in the making
The Island Packet OnlineBy late 2009, just three years after construction began, Hampton Lake LLC was in trouble. The parent company of the Hampton Lake development was hemorrhaging cash and nearly out of money, documents show. Lot sales had ground to a halt as the local...Tags: Financially Distressed Companies, Economy, Business and Finance, John Reed, Companies and Corporations, Finance
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BRIEF: Benicia theater group ex-treasurer pleads not guilty to embezzlement
Times-Herald, Vallejo, Calif.Former Benicia Old Town Theatre Group treasurer Kimble Goodman pleaded not guilty Friday to embezzlement charges alleging he misappropriated thousands of dollars for his personal use. Goodman and his criminal defense attorney, Amy Morton, declined to...Tags: Arts and Culture, Amy Morton, Embezzlement, Corporate Crime
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Montage returns as sale is finalized
The Times-Tribune, Scranton, Pa.Welcome back, Montage. The sale of the bankrupt Sno Mountain recreation complex to a group of investors closed Friday in Philadelphia, setting the stage for the attraction's water park to open in two weeks. The sale price was $5.1 million, and the...Tags: Financially Distressed Companies, Scranton, Berks County, Lackawanna County, Property
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Sen. Pat Toomey on term limits, gun control, sequestration
Lebanon Daily News, Pa.Pennsylvania's Republican Sen. Pat Toomey said on Friday that he does not envision serving more than two terms. Toomey made the comment during a 20-minute interview with the Lebanon Daily News editorial board that was also streamed live at LDNews.com....Tags: Arlen Specter, Financial and Business Services, Republican Party, Mitt Romney, Gun Control
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ANALYSIS-Hedge funds in search of distress take a look at Detroit
Reuters(Repeats with no changes to text) By Tom Hals May 8 (Reuters) - In the past two decades, a group of specialized hedge funds have transformed corporate bankruptcies, injecting much-needed capital while at the same time drawing fire as "vultures." Now...Tags: Federal Reserve, Politics, Lawyers, Financially Distressed Companies, Local Government
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Ex-Denny's location to re-open under new owner
The Daily World, Aberdeen, Wash.Denny's is likely to Aberdeen in the relatively near future. Seattle-area businessman Steve Kim, who owns a Denny's in Puyallup and just opened another in Spanaway six months ago, has confirmed to The Daily World, that he is in the process of purchasing...Tags: Denny's Corporation
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Fiat's U.S. dealers anxious for broader product lineup
Reuters* Fiat cars returned to U.S. after 16-year absence * First volume Alfa Romeo expected in U.S. in 2014 * Some U.S. Fiat dealers struggling with limited lineup * U.S. sales up in line with overall industry in 2013 By Bernie Woodall DETROIT, May 10...Tags: Economy, Business and Finance, Companies and Corporations, Vehicles, Fiat S.p.A., BMW AG
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Edison Mission sees June start for its new California power plant
ReutersBy Scott DiSavino May 10 (Reuters) - Edison Mission Energy, a unit of California power company Edison International, said Friday its new 479-megawatt (MW) Walnut Creek natural gas-fired power plant in Southern California is expected to enter commercial...Tags: U.S. Nuclear Regulatory Commission, Nuclear Power, Southern California Edison Company, Edison International, Walnuts
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Judge grants foreclosure of hundreds of run-down Orlando apartments
A state judge on Friday granted the foreclosure of seven west Orlando apartment complexes with hundreds of units, the latest twist in the long-running story of some of the city's most run-down housing. Circuit Judge Alice Blackwell ruled that the...
Tags: Financially Distressed Companies, Economy, Business and Finance, Fannie Mae, Crime, Law and Justice, Justice System
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Synovus acquires failed bank
The Atlanta Journal-ConstitutionSynovus, the second-largest banking company based in Georgia, acquired three branches of a Valdosta-based bank that failed Friday. It was the state's third bank failure this year. Sunrise Bank, which had branches in Valdosta, Atlanta and outside Macon,...Tags: Federal Deposit Insurance Corporation, Economy, Business and Finance, County Bank Corporation, Companies and Corporations, The Atlanta Journal-Constitution
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Greuel wants Garcetti to stop 'negative' ads in mayor race
Wendy Greuel called on Eric Garcetti on Friday night to stop all negative advertising in the last 11 days of the Los Angeles mayor's race, a challenge that her rival instantly dismissed as "disingenuous" for a candidate whose campaign is effectively...Tags: Politics, Television Industry, Satellite and Cable Service, Elections
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