Harrisburg Pa. files for bankruptcy
October 12th, 2011 - 10:53 pm ICT by Aishwarya Bhatt
Harrisburg Pa., Oct 12 (THAINDIAN NEWS) City officials of Harrisburg have finally passed a municipal bankruptcy protection after months of debate. The city has been struggling with its finances and it is ... Read more...
Posted in World News |
General Motors CFO Chris Liddell to step down in April
March 10th, 2011 - 11:54 pm ICT by BNO News
DETROIT, MICHIGAN (BNO NEWS) -- General Motors Vice Chairman and Chief Financial Officer Chris Liddell on Thursday announced that he will step down on April 1.Liddell, 52, announced his decision to leave ... Read more...
Posted in Business |
Beso Files For Bankruptcy Against Eva Longoria’s Las Vegas Branch
January 8th, 2011 - 8:34 pm ICT by GD
By Madhuri Dey
Jan 8, (THAINDIAN NEWS) It seems like the New Year has not begun on a pleasant note for Eva Longoria after troubles started shooting up regarding her Las Vegas restaurant. ... Read more...
Posted in Entertainment |
National Enquirer Files For Chapter 11 Bankruptcy
November 18th, 2010 - 8:40 pm ICT by GD
By Gina Gomez
Nov 18, (THAINDIAN NEWS) American Media Inc., the publisher for the Star supermarket tabloids and The National Enquirer filed for bankruptcy protection in the U.S. Bankruptcy Court. The media outlets ... Read more...
Posted in Business |
U.S. announces $773M settlement with GM to resolve environmental liabilities
October 20th, 2010 - 11:28 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- The United States on Wednesday announced a $773M settlement with Motors Liquidation Co, formerly known as General Motors Corp., to resolve environmental liabilities at several of its ... Read more...
Posted in Business, Environment |
Blockbuster files for bankruptcy
September 23rd, 2010 - 9:24 pm ICT by BNO News
DALLAS, TEXAS (BNO NEWS) -- Blockbuster Inc. on Thursday announced that it has filed for bankruptcy after unsuccessfully competing with new technologies and online competition.Blockbuster, based in Dallas, Texas and one of ... Read more...
Posted in Business |
Derby, CT man admits making bomb threat in 26-floor office building
May 19th, 2010 - 3:33 am ICT by BNO News
NEW HAVEN, CONNECTICUT (BNO NEWS) – A Connecticut man admits making a bomb threat in a 26-floor office building, prosecutors said Tuesday.Juan Rivera, Jr., 42, of Derby, Connecticut, who was employed as ... Read more...
Posted in World News |
SEC To Examine The Accounting Measure Of Lehman
April 21st, 2010 - 9:42 pm ICT by Pen Men At Work
April 21, 2010 (Pen Men at Work): Security and Exchange Commission (SEC) has declared that it is examining if any of America’s biggest 19 banks are utilizing an accounting measure, which ... Read more...
Posted in Business |
Actor John Malkovich Entangled In A Legal Drama
April 5th, 2010 - 7:37 pm ICT by Pen Men At Work
April 5, 2010 (Pen Men at Work): The legal representatives of actor John Malkovich have protested to a judicial adjudicator in New York. The judicial adjudicator was keeping an eye on ... Read more...
Posted in Entertainment |
Actor John Malkovich In Legal Drama Over Bernie Madoff Fraud
April 5th, 2010 - 7:23 pm ICT by GD
By Gina Gomez
New York, Apr 5, (THAINDIAN NEWS) Much acclaimed actor John Malkovich has taken legal actions against the amount that he is supposed to get from the bankruptcy of the jailed ... Read more...
Posted in Entertainment |
California attorney charged for tax evasion
March 18th, 2010 - 2:23 am ICT by BNO News
SACRAMENTO, CALIFORNIA (BNO NEWS) – A California attorney was charged for tax evasion from 1994 to 2003, prosecutors said Wednesday.James Stewart Richards, 63, of West Sacramento, California allegedly concealed from the IRS ... Read more...
Posted in World News |
Chicago cubs file for Bankruptcy
October 14th, 2009 - 12:09 am ICT by Aishwarya Bhatt
Chicago, Oct 13 (THAINDIAN NEWS) The Chicago Cubs baseball team has filed for bankruptcy on Monday as part of the team's planned sale to the Ricketts family by the Tribune Co, ... Read more...
Posted in Sports |
GM executives, board, split over Opel fate: Report
August 22nd, 2009 - 7:32 am ICT by IANS
Washington/Berlin, Aug 22 (DPA) General Motors' newly-appointed board has failed to support a plan backed by its executives that would sell the US auto giant's European subsidiary, Opel, to Canadian auto supplier ... Read more...
Posted in Business |
50 injured as South Korean police raid plant to end strike
August 5th, 2009 - 5:24 pm ICT by IANS
Seoul, Aug 5 (DPA) At least 50 people were injured on the second day of clashes between police and strikers at South Korean carmaker Ssangyong Motor Co, media reports said Wednesday.
Police commandoes ... Read more...
Posted in Business |
US financier CIT Group gets rescue line: Report
July 20th, 2009 - 10:59 am ICT by IANS
New York, July 20 (DPA) Key creditors have agreed to put up $3 billion in financing for CIT group, a top lender for small US businesses that last week tottered on ... Read more...
Posted in Business |
Baseball Star Lenny Dykstra Files For Bankruptcy
July 9th, 2009 - 6:39 pm ICT by GD
Lenny Dykstra, the former star center fielder for the New York Mets and Philadelphia Phillies, is presently going through a harrowing phase in life. According to the reports of the Reuters News ... Read more...
Posted in Sports |
US court clears way for Chrysler-Fiat deal
June 10th, 2009 - 7:14 am ICT by IANS
Washington, June 10 (DPA) The US Supreme Court has cleared the way for the sale of ailing automaker Chrysler to Italy's Fiat, lifting a stay placed on the deal a day earlier.
In ... Read more...
Posted in Business |
US judge approves Chrysler dealership cuts
June 10th, 2009 - 5:10 am ICT by IANS
New York, June 10 (Xinhua) A US judge Tuesday allowed automaker Chrysler LLC to terminate the franchises of its 789 dealers.
The order issued by Judge Arthur Gonzalez Tuesday afternoon ruled that the ... Read more...
Posted in Business |
GM bankruptcy may impact US steelmakers
June 2nd, 2009 - 2:28 pm ICT by IANS
By Arun Kumar
Washington, June 2 (IANS) The filing for bankruptcy by General Motors may have a major impact on the steel industry as the failed US auto giant owes four US ... Read more...
Posted in Business |
GM files for bankruptcy, to eleminate over 30,000 jobs (Second Lead)
June 1st, 2009 - 10:23 pm ICT by IANS
New York, June 1 (DPA) Storied carmaker General Motors (GM) filed for bankruptcy Monday, becoming the largest-ever US manufacturer to enter the court process and marking the latest dark chapter for ... Read more...
Posted in Business |
General Motors files for bankruptcy (Lead)
June 1st, 2009 - 8:42 pm ICT by IANS
New York, June 1 (DPA) Storied carmaker General Motors (GM) filed for bankruptcy Monday, becoming the largest-ever US manufacturer to enter the court process and marking the latest dark chapter for ... Read more...
Posted in Business |
GM back from the brink of bankruptcy
May 29th, 2009 - 4:09 am ICT by John Le Fevre
Giant US motor vehicle company General Motors looks like it will stave off bankruptcy after striking a deal with the federal government and bondholders.Less than 24-hours after bondholders rejected an offer ... Read more...
Posted in Business |
Creditors pave way for Chrysler to exit bankruptcy
May 9th, 2009 - 4:36 am ICT by IANS
Washington, May 9 (DPA) Chrysler took a giant step towards emerging from bankruptcy and joining Italy's Fiat Spa after a group of the US carmaker's creditors Friday gave up their hopes ... Read more...
Posted in Business |
Chrysler gets urgent court approval for loan
May 6th, 2009 - 2:19 am ICT by IANS
Washington, May 6 (DPA) Perched on the brink of collapse, Chrysler LLC. crept forward Tuesday with approval by a US bankruptcy judge to start drawing down from a government loan to ... Read more...
Posted in Business |
Chrysler projects profitability by 2012: Report
May 5th, 2009 - 4:46 am ICT by IANS
Washington, May 5 (DPA) Ailing car maker Chrysler, the US' third largest, projects it will be back in the black by 2012 if it gets through bankruptcy quick enough and seals its ... Read more...
Posted in Business |
US stocks mixed after Chrysler bankruptcy
May 1st, 2009 - 7:00 am ICT by IANS
New York, May 1 (DPA) Two US stock indices retreated but a third was up after the White House announced Thursday that Chrysler, the country's third-largest car maker, was seeking protection from ... Read more...
Posted in Business |
Gazza given nine-week tax breather to fend off bankruptcy
November 7th, 2008 - 4:28 pm ICT by ANI
London, Nov 7 (ANI): Fallen England soccer idol Paul Gascoigne has been given a nine-week breathing space to file his late tax returns and fend off a bankruptcy petition by Revenue ... Read more...
Posted in National |
Citigroup is big trustee to Lehman debt
September 16th, 2008 - 6:14 pm ICT by IANS
New York, Sep 16 (IANS) Citigroup and Bank of New York Mellon are trustees to $138 billion of Lehman Brothers' bonds, the biggest on the list of unsecured creditors, according to a ... Read more...
Posted in World |
Oswal Group buys out Austrian joint venture partner
August 28th, 2008 - 7:35 pm ICT by IANS
New Delhi, Aug 28 (IANS) Indian yarn maker Oswal Group has taken over its Austrian joint venture partner, the now bankrupt textile firm FM Hammerle, Austrian media reports said. The Group's Rs.3.7-billion ... Read more...
Posted in Uncategorized |
Asarco workers, Sterlite sign agreement
July 10th, 2008 - 9:20 pm ICT by IANS
Albuquerque (US)/Mumbai, July 10 (IANS) The Anil Agarwal-promoted Sterlite Industries Ltd, which in May announced it would buy the operating assets of American copper miner-refiner Asarco LLC for $2.6 billion in an ... Read more...
Posted in Business |
Sterlite and Unions Rech agreement on terms of collective bargaining for Asarco LLC
July 10th, 2008 - 7:59 pm ICT by ANI
Albuquerque, New Mexico/Mumbai, July 10 (ANI/Business Wire India): The unions representing the workers of ASARCO LLC ("ASARCO"), and Sterlite Industries (India) Limited ("Sterlite") (NYSE:SLT), a subsidiary of Vedanta Resources plc and ... Read more...
Posted in South Asia |
Vedanta push for Asarco hits bump in US court
June 14th, 2008 - 9:22 pm ICT by IANS
New York, June 14 (IANS) Vedanta Resources' takeover bid of US copper mining giant Asarco hit a bump Friday when a judge of a bankruptcy court in Texas signalled he might give ... Read more...
Posted in World |