Cincinnati Business Daily - Bankruptcy News

Bankruptcy News

Parties in dispute on Quackenbush site’s future Saturday, September 4, 2010 @ 7:01PMSquabbling amongst a village, a real estate company, a nonprofit and an economic development agency was a factor in the failure to obtain a $2.5 million state grant that would have set a still-contaminated former plating factory site on the course to redevelopment.
FBI Searches Franklin Office Saturday, September 4, 2010 @ 7:00PMTwo months after the FBI raided their Franklin offices, The Sommet Group is once again in the news.
Young and in debt: Make it harder for yuppies to get credit Saturday, September 4, 2010 @ 6:55PM- Improve public transport. Most youth who start work after school or university have difficulties in getting to their workplaces. - Make it difficult for youth to own cars. Our system makes it too easy for them to obtain loans to finance a car, be it new or used vehicle.
Abandoned foundry in LaGrange bought at tax sale, headed for demolition Saturday, September 4, 2010 @ 6:34PMLaGRANGE, Mo. -- The former Gardner Denver iron foundry in LaGrange is off the market -- and if its new owner has his way, it will soon be off the map.
Car dealers fight for a second chance Saturday, September 4, 2010 @ 6:02PMWhen Chrysler and GM filed for bankruptcy in 2009 they planned to shutter thousands of dealerships across the country. Fewer than one third of the dealers who hoped to stay in business are in the running for a comeback.
Pointe Hilton resort up for sale Saturday, September 4, 2010 @ 5:49PMThe 584-suite resort and its golf club, the Pointe Golf Club on Lookout Mountain, are scheduled to be sold to the highest bidder at a foreclosure auction in November.
Gusto murder trial may begin this week Saturday, September 4, 2010 @ 5:33PMDANBURY -- It took nearly four years for police to make an arrest and two more years before the case was ready for trial. Finally, more than six years after Joe Vuli , the temperamental but gifted chef who ran Gusto Ristorante on Main Street, was found shot, dismembered and stuffed into trash bags in Bedford, N.Y., the man accused of putting him there will get his day in court.
Local Coastal Program (LCP) Resubmittal - Update Saturday, September 4, 2010 @ 5:11PMBy Bill Kehoe: At the next regularly scheduled meeting of the Midcoast Community Council on Wednesday, September 8, 2010 7:30 p.m. at Seton Medical Center Coastside, Steve Monowitz, Deputy Director, San Mateo County Planning and Building Department, will update the Midcoast community on both the Local Coastal Program Resubmittal and the newly released Midcoast Groundwater Study, Phase III ...
City staff doing more with less Saturday, September 4, 2010 @ 5:08PMA recent study gave Yuma County a stress index of 28.37 percent - the second worse in the nation among counties with more than 25,000 residents. The stress index was derived after experts studied unemployment, foreclosure and bankruptcy rates for each county.
Judge Orders Sommet Group Executive To Turn Over Assets Saturday, September 4, 2010 @ 5:01PMA company that still owes thousands of people for insurance claims may have paid out to one of its top executives first.
Redbox pushes out Blockbuster, Internet squashes cable companies Friday, September 3, 2010 @ 6:28AMBy: Jacob Heffern People have many different ways to watch their favorite movies and TV shows, thanks to an increase in competing services over recent years. The Internet provides both free and subscription resources, like Hulu and Netflix, that allow viewers to watch m...
A glance at Missouri's 4th Congressional District candidates Friday, September 3, 2010 @ 6:19AMWith more than two months to go before voters cast ballots in November, candidates in Missouri’s 4th Congressional District are stepping up their campaign aggression. Republican challenger Vicky Hartzler seeks to unseat U.S. Rep. Ike Skelton (D), who has served for more than 23 years. Hartlzer accuses Skelton of avoiding debates with her and consistently links the congressman’s voting record to ...
Backers lament Capitol setback Friday, September 3, 2010 @ 6:18AMWINDSOR, Ont. — Capitol Theatre supporters say a court order requiring a bankruptcy trustee to sell off the building's assets could be a death knell for the historic playhouse.
Rescued Tigers Doing Grrreat Friday, September 3, 2010 @ 6:18AMFour tigers rescued from a tattoo parlor in Gary now doing well. Gary Indiana - Michael Jackson - Arts - Gary - Shopping
GM's new boss woos autoworkers in first staff memo Friday, September 3, 2010 @ 6:14AMGM's new boss woos autoworkers in first staff memoGM's new boss woos autoworkers in first staff memo
Wachovia, Bankruptcy Protection: Hot Trends Friday, September 3, 2010 @ 6:13AM'Wachovia online banking' and 'bankruptcy protection' are the trending topics on Google and Yahoo.
Harrisburg City Council member pushes to explore bankruptcy petition Friday, September 3, 2010 @ 6:08AMHarrisburg City Council member Patty Kim said Thursday that she is forming an ad hoc committee to search for a lawyer to advise the council on a potential municipal bankruptcy petition.
Fed judge OKs $12M settlement on bad peanuts Friday, September 3, 2010 @ 6:00AM A federal judge has approved a $12 million settlement for those sickened or killed in last year's salmonella outbreak tied...
After 17 years, fugitive tycoon shows in UK court Friday, September 3, 2010 @ 5:59AMA Turkish Cypriot businessman who voluntarily returned to Britain after 17 years to face fraud charges learned Friday that he will have to wait more than a year for the trial he insists will vindicate him.
The Northerner: Why every day is a good news day in Bridlington Friday, September 3, 2010 @ 5:59AMWelcome to the Northerner, guardian.co.uk's weekly digest of the best of the northern press White rabbits. Welcome to September. Another month gone, autumn's nip is in the air. What better way to keep summery cheerfulness alive than to bathe in the warmth of the Bridlington Free Press's 'good news' page , an online concentration of all the uplifting stories published by the paper during the week ...
Federal Circuit Applies Recent High Court Case to Find Successor Liability Thursday, September 2, 2010 @ 8:23PMThe Federal Circuit has ruled that a defendant's successor companies are liable for an $8 million default judgment in a patent infringement case. The panel rejected the district court's decision to apply South Korean law concerning successor liability, ruling that New Jersey law should apply because Daewoo Electronics' U.S. subsidiary has headquarters in New Jersey. The court cited a recent U.S ...
$60 Million Suit Over Short-Lived Reality Show Gets Judge's OK to Proceed Thursday, September 2, 2010 @ 8:22PMRemember the TV reality show "Making the Band," which spawned the short-lived boy band O-Town? The show's revenue is at the center of a $60 million suit pitting the bankruptcy estate of a film production company once run by Lou Pearlman -- the infamous boy band manager now in prison for orchestrating a $300 million Ponzi scheme -- against Viacom, MTV and the Sean "Diddy" Combs-controlled ...
Prosecutors Want Hecker Back to Jail Thursday, September 2, 2010 @ 8:19PMFederal prosecutors are asking a judge to send fallen Twin Cities auto mogul Denny Hecker back to jail.
Spokane bishop to be installed Thursday, September 2, 2010 @ 8:19PMBishop Blase Cupich on Friday will be installed as the sixth leader of the Roman Catholic Diocese of Spokane, leading an office that has been financially battered by the priest sex-abuse scandal. Cupich, 61, was appointed in June to replace retiring Bishop William Skylstad.
Prosecutors Want Hecker Back to Jail Thursday, September 2, 2010 @ 8:13PMMinneapolis (AP) - Federal prosecutors are asking a judge to send fallen Twin Cities auto mogul Denny Hecker back to jail. In a court filing Thursday,
'Overhaul' details rescue of U.S. automakers Thursday, September 2, 2010 @ 8:00PMIn one of the first detailed insider accounts by a member of President Obama's team, a chief architect of the federal bailouts for General Motors and Chrysler has penned a 300-plus page description of the policy improvisation performed by the administration as the economy swooned at the outset of...
Black Helicopters Still Buzz Over Lehman Carcass Thursday, September 2, 2010 @ 7:58PMWhile we still haven't gotten definitive word from the Financial Crisis Inquiry Commission on what/who exactly caused the near implosion of the global world of finance back in 2008, Wednesday's D.C. hearings on the matter only added to the suspense. In a First on Fox Business interview, commission Chairman Phil Angelides and Vice Chairman Bill Thomas [...]
Breaking Midstate News with The Patriot-News headlines Thursday, September 2, 2010 @ 7:53PMHarrisburg City Council member Patty Kim said tonight that she is forming an ad hoc committee to search for a lawyer to advise council on a municipal bankruptcy petition.
Wisconsin Dells Cuts Power To Island Resort Thursday, September 2, 2010 @ 7:44PMNo charges have been filed, but police said they are investigating whether someone at the Island Resort in the Wisconsin Dells has been stealing electricity.
Harrisburg Is Unlikely to Make a Bond Payment Thursday, September 2, 2010 @ 7:43PMThe city warned that it was not going to make a scheduled payment of $3.3 million on its general obligation bonds because it did not have the money.
Blockbuster Confirms Didn't Make Subordinated Debt Payment Due Wednesday Wednesday, September 1, 2010 @ 5:03PMBlockbuster Confirms Didn't Make Subordinated Debt Payment Due Wednesday
Legal Briefs Wednesday, September 1, 2010 @ 5:00PMJury selection has begun in the wrongful death case of a man who died after his car plunged from the Golden Nugget parking garage. The family is suing the downtown resort, claiming the parking structure was unsafe.
Lehman's former chief says Fed made crisis worse Wednesday, September 1, 2010 @ 4:56PMRICHARD FULD, the former chief executive of Lehman Brothers, yesterday accused the Federal Reserve of worsening the financial crisis by allowing his investment bank to fail in 2008.
NYC Off-Track Betting goes to tougher plan 'B' Wednesday, September 1, 2010 @ 4:55PMALBANY, N.Y. — New York City Off-Track Betting Corp. CEO Greg Rayburn says failure to negotiate a deal with the agency’s unions to take advantage of a state early retirement incentive means OTB has to turn to another way to...
Delphi: Call it a comeback Wednesday, September 1, 2010 @ 4:51PMAfter four years of bankruptcy and one year waiting out the auto industry’s long recession, Troy-based Delphi Corp. said it is on the verge of a technology-led recovery.
Ex-Geneva Steel attorney pleads not guilty to fraud Wednesday, September 1, 2010 @ 4:51PMEx-Geneva Steel attorney pleads not guilty to fraud By Steven Oberbeck The Salt Lake Tribune Updated Sep 1, 2010 05:48PM MDT Chicago attorney Stephen Garcia has pleaded not guilty to charges handed up in a federal grand jury indictment that accuses him of having committed fraud during his involvement in the Geneva Steel bankruptcy. The World War II-era steel mill on the eastern shore of Utah ...
Ex-Lehman CEO says regulators refused to save firm Wednesday, September 1, 2010 @ 4:43PM(AP:WASHINGTON) The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators refused to help _ even though they later bailed out other big banks.
Longtime East Texas company mysteriously closes Wednesday, September 1, 2010 @ 4:30PMAn East Texas business sees massive layoffs and it seems no one knows why. After 70 years in Tyler, Loggins Meat Company may be closing its doors for good.
Mediator named in Tribune Co. bankruptcy case Wednesday, September 1, 2010 @ 4:23PMA US court appointed a mediator Wednesday to help with negotiations among creditors of the bankrupt Tribune Co., owner of the Los Angeles Times, Chicago Tribune and other newspapers.
JAL submits plan to emerge from bankruptcy Tuesday, August 31, 2010 @ 5:13AMNEW YORK (MarketWatch) -- Japan Airlines Corp. on Tuesday submitted a bankruptcy-emergence plan to a Tokyo court, according to The Wall Street Journal. The carrier plans to refinance its current debt of about 300 billion yen by the end of March, cut its workforce by about 16,000 to around 32,600 and scrap 49 unprofitable routes, the newspaper said. Elsewhere, Reuters reported JAL will retire 103 ...
JAL to slash routes, aircraft in turnaround bid Tuesday, August 31, 2010 @ 5:12AMTOKYO (Reuters) - Japan Airlines Corp, a carrier worth no more than a two-decade-old jumbo when it was bailed out by the government in January, said it will retire two-fifths of its aircraft, abandon one in eight overseas flights and end a quarter of its home routes in a bid to return to profit.
Marina buyers await court approval Tuesday, August 31, 2010 @ 5:11AMLocals are part of a group that successfully bid for the bankrupt Owen Sound Marina, the receiver working on the file confirmed Monday.[...]
Tampa Bay Law Firm Urges Property Owners to Examine TRIM Notices for Accuracy of Tax Appraisals Tuesday, August 31, 2010 @ 5:07AMST. PETERSBURG, Fla.--(BUSINESS WIRE)--Florida residents should pay close attention to this year's commercial and residential property tax notices. If you think your assessments are too high, there are avenues of appeal.
JAL to slash workforce as part of restructuring Tuesday, August 31, 2010 @ 5:06AMJapan Airlines outlined restructuring plans Tuesday that include cutting 30 percent of its global workforce and additional financing to keep flying after filing for bankruptcy protection in January.
Former Boscov's head to auction Tuesday, August 31, 2010 @ 5:02AMThree mall storefronts that have remained vacant since Boscov's department store exited the Baltimore market under bankruptcy nearly two years ago are headed to the auction block next month. Alex Cooper Auctioneers is set to auction off the former department store buildings at White Marsh Mall and Owings Mills Mall in Baltimore County and Marley Station in Glen Bernie, above, on Sept. 13 in a ...
Tampa Bay Law Firm Urges Property Owners to Examine TRIM Notices for Accuracy of Tax Appraisals Tuesday, August 31, 2010 @ 5:00AMST. PETERSBURG, Fla.----It is that time of year when property owners in Florida find tax notices tucked into their mailboxes. What many don’t know is, both the market and assessed values of their property are subject to appeal, although there is a window of 25 days from the date the tax notice is received.
JAL to slash workforce as part of restructuring Tuesday, August 31, 2010 @ 4:56AMTokyo, Aug 31 (AP) Japan Airlines outlined restructuring plans today that include cutting 30 per cent of its global workforce and additional financing to keep flying after filing for bankruptcy protection in January.
GEM Lighting, Tzameret Report Combined 20% Stake in CDSS Wind Down – cbl Tuesday, August 31, 2010 @ 4:42AMBy citybizlist Staff MIAMI -- -- GEM Lighting LLC has reported a 14.94 percent stake worth $3...
JAL to Sell Units and Cut Jobs as Part of Restructuring Tuesday, August 31, 2010 @ 4:41AMThe organization plan culminates years of difficulty for the airline, which has been battered by safety lapses, ballooning pension payments and the need to streamline.
Chrysler bringing Fiat back to the U.S. Monday, August 30, 2010 @ 5:18PMChrysler told 400 dealers Monday about its plans to bring the Fiat brand back to the U.S. after a 30-year absence, starting with the Fiat 500 minicar later this year.