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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Sports, Economy, Business and Finance, Bankruptcy, Bowling, Companies and Corporations
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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: Judges, Crime, Law and Justice, Evan Jones, Auction Service, Bankruptcy
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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: CME Group Inc., Financial Markets, Parties and Movements, Securities, Ethics
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Bob Lutz, Chinese in bid to buy Fisker Automotive -sources
ReutersDETROIT, May 21 (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...Tags: China, Automotive Equipment, Forbes.com LLC, Manufacturing and Engineering, Finance
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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: Autism, Corporate Officers, Career and Workplace, Unemployment, Lehigh County
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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: China, Automotive Equipment, General Motors Corp., Bankruptcy, Manufacturing and Engineering
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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: Finance, Allentown, Judges, Crime, Law and Justice, Economy, Business and Finance
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Crime-fighting debate organizers hoping for clarity
The Record, Stockton, Calif.Anybody still scratching their head over the differences between two competing crime-fighting strategies for Stockton may gain some clarity Wednesday evening. The San Joaquin Taxpayer's Association will host a forum featuring backers of the two plans at...Tags: Crime, Law and Justice, Bankruptcy, Criminals
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Bankruptcy bidding will decide fate of isle microbrews
The Honolulu Star-AdvertiserThe fate of two of Hawaii's oldest microbrew beer brands -- whether they continue to be made and where -- could be decided today at a U.S. Bankruptcy Court auction in Honolulu. Current owners of Hilo-based Hawai'i Nui Brewing LLC, which produces...Tags: Marketing, Advertising, Auction Service, Bankruptcy, Economy, Business and Finance
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For Detroit in crisis, next six weeks determine bankruptcy fate
ReutersDETROIT (Reuters) - Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to...Tags: Insurance, Money and Monetary Policy, Credit and Debt, Unions, Collective Contract
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Former Teacher of the Year on list of Portland layoffs
Portland Press Herald, MaineFour years ago, Gloria L. Noyes found herself at the pinnacle of her teaching career. Noyes, who was teaching fifth grade at Westbrook's Congin Elementary School, was chosen by her peers and the Maine Department of Education as the 2009 Maine Teacher of...Tags: Teaching and Learning, Layoffs and Downsizing, Job Layoffs, Politics, Teachers
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Asia, Awards and Prizes, Credit and Debt, National Government, Solar Energy
May 22, 2013
|Story| Daily Press
May 21, 2013
|Story| Wrap
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Allentown Morning Call
May 21, 2013
|Story| Reuters
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| McClatchy-Tribune
May 20, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| Reuters
May 20, 2013
|Story| McClatchy-Tribune
May 20, 2013
|Story| Reuters
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