News

Unsecured creditors ally with bankrupt Alabama county - Reuters

07/31/12

If Jefferson County, whose finances were ravaged by soured sewer-system debt and the 2011 loss of a local jobs tax, failed to produce an adjustment plan by a deadline set by Judge Thomas Bennett, the bankruptcy case could be thrown out ...

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Unsecured creditors ally with bankrupt Alabama county - Reuters

07/31/12

If Jefferson County, whose finances were ravaged by soured sewer-system debt and the 2011 loss of a local jobs tax, failed to produce an adjustment plan by a deadline set by Judge Thomas Bennett, the bankruptcy case could be thrown out ...

[more]

Edison International EME Unit Could File for Bankruptcy - NASDAQ

07/31/12

Edison International's (EIX) Edison Mission Energy unit could file for bankruptcy if bondholders don't agree on a plan to restructure $3.7 billion of debt, including $578 million due in 2013, company executives said Tuesday. The EME unit owns 45 ...

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GM's ads aren't getting the job done - Boston Globe

07/31/12

DETROIT—General Motors' ads just aren't getting the job done. Since the company left bankruptcy three years ago, its ads haven't boosted sales much. The company's biggest campaign, "Chevy Runs Deep," has failed to generate buzz. And now ...

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FiData, key Lowery asset, to be sold - The Business Journal

07/31/12

A trustee has put FiData — the gem of embattled financier Ed Lowery’s business dealings — into Chapter 11 protection and reached an agreement for the sale of its assets. Fiserv Inc. (NASDAQ: FISV), a global provider of financial services ...

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FiData, key Lowery asset, to be sold - The Business Journal

07/31/12

A trustee has put FiData — the gem of embattled financier Ed Lowery’s business dealings — into Chapter 11 bankruptcy protection and reached an agreement for the sale of its assets. FiServ Inc. (NASDAQ: FISV), a global provider of financial ...

[more]

GM's ads aren't getting the job done - Businessweek

07/31/12

DETROIT (AP) — General Motors' ads just aren't getting the job done. Ever since the company left bankruptcy three years ago, the ads haven't boosted sales much. The company's biggest campaign, "Chevy Runs Deep," has failed to generate buzz.

[more]

Bankruptcy Court Confirms Liquidation Plan for Energy Conversion Devices, Inc. and United Solar Ovonic LLC - Yahoo Finance

07/31/12

Additional information regarding the bankruptcy proceedings is available at ... within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not constitute ...

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UPDATE 1-Bankrupt RG Steel delays auction of two plants - Reuters

07/31/12

The court filing said that the sale of a third plant in Wheeling ... RG Steel LLC filed for Chapter 11 bankruptcy protection on May 31, saying it could not overcome the deterioration of the steel market and would sell off the three plants ...

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