Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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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: Automotive Equipment, Dwayne Johnson, General Motors Corp., Manufacturing and Engineering, Kevin J. Carey
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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: Justice System, Lawyers, Crime, Law and Justice, Judges, Bankruptcy
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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: Criminals, Bankruptcy, Crime, Law and Justice
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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: Trials, Marketing, Advertising, Bankruptcy, Auction Service
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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: Bonds, Wage Contract Issues, Rick Snyder, MBIA Incorporated, Career and Workplace
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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: Career and Workplace, Politics, Elections, Layoffs and Downsizing, Teaching and Learning
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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: Beijing (China), National Government, Colleges and Universities, Solar Energy, Politics
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How not to run a local government
One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...Tags: Safety of Citizens, National Government, Health and Safety at Work, Politics, Pension and Welfare
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Ghosts of incinerator bond deal haunt Harrisburg election
Reuters* Democratic Party primary is on Tuesday * City is poster child for mismanaged public finances By Hilary Russ May 19 (Reuters) - In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the...Tags: Local Government, Bonds, Career and Workplace, Bank of America Corp., Health Insurance Cost
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EDITORIAL: Two sides to governing
The Record, Stockton, Calif.Stockton Mayor Anthony Silva said most of the right things in his State of the City Address last week. He wants more cops on the street. He wants programs for youths so they don't join gangs. He wants guns and drugs and thugs rounded up. He wants...Tags: Bankruptcy, Crime, Law and Justice, Finance, Economy, Business and Finance
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Aberdeen-area bankruptcies for May 9-15, 2013
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 9-15, 2013. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers...Tags: Bankruptcy
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Bridgeport Is Worse Off Than Stockton
Stockton is one of California's larger cities. Nearly a year ago, its city council voted to file for bankruptcy. This is the largest municipal bankruptcy filing in the nation's history. Bridgeport, however, is in worse financial condition that Stockton...
Tags: Career and Workplace, Connecticut Economic Development, Politics, Pension and Welfare, Bankruptcy
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
May 19, 2013
|Column| Baltimore Sun
May 19, 2013
|Story| Reuters
May 19, 2013
|Story| McClatchy-Tribune
May 19, 2013
|Story| Aberdeen News
May 17, 2013
|Story| Hartford Courant
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