News

Manson follower says tapes won't reveal murder clues - Los Angeles Times

06/11/12

Charles "Tex" Watson has filed a motion with a Texas bankruptcy court asking a judge to allow detectives to listen to -- but not take -- the tapes. In the motion, Watson says he did not discuss additional unsolved cases as police assert.

[more]

US Trustee objects to ResCap sales procedures - Reuters UK

06/11/12

June 11 (Reuters) - Residential Capital LLC needs to do more to ensure it is protecting consumer privacy for homeowners under bankruptcy law in the sales of its mortgage loan and servicing businesses, the U.S. Trustee said in court papers on Mon day.

[more]

Freedom Communications completes sale of assets following bankruptcy - Washington Post

06/11/12

LOS ANGELES — Freedom Communications Inc., the owner of The Orange County Register and six other daily newspapers, is being sold to an investment group that had earlier tried to purchase The Boston Globe. The sale to 2100 Trust LLC represents the last of ...

[more]

Allied Systems Files for Court Protection - Wall Street Journal

06/11/12

Allied Systems Holdings Inc., which specializes in transporting cars from manufacturers to dealerships, on Sunday put itself and 17 related companies into bankruptcy-court restructuring, consenting to a involuntary Chapter 11 petition filed against it last month.

[more]

Wesche Jewelers Files for Chapter 11 - Jewelers Circular Keystone Online

06/11/12

Citing the bad economy and problems building a new store, Viera, Fla.–based Wesche Jewelers filed for Chapter 11 bankruptcy protection on June 6, but said it intends to stay in business. The reasons for the action were numerous, according to ...

[more]

BrightSource to Bid for Solar Trust 500-Megawatt Project - Businessweek

06/11/12

Solar Millennium filed for bankruptcy protection after the plunging price of photovoltaic panels made its solar-thermal technology less competitive. The company planned to use arrays of trough-shaped mirrors to focus sunlight on a fluid-filled ...

[more]

Freedom since bankruptcy - Orange County Register

06/11/12

The sale left Freedom free of the $325 million in debt it had when it emerged from bankruptcy. Jan. 12, 2012: Freedom announces the sale of The Tribune in Seymour, Ind. to Indiana-based Home News Enterprises LLC. Terms were not disclosed.

[more]

Sagging GM stock price worries more than shareholders [Detroit Free Press] - Businessweek

06/11/12

That's about one-third below its initial public offering price, and less than half the approximate $53 price at which the government would break even on the $49.5 billion invested prior to GM's 2009 bankruptcy ... in the auto sales growth ...

[more]

Valuation Research may face Tribune litigation - The Business Journal

06/11/12

The Tribune Co., Chicago, has filed a reorganization plan in an effort to emerge from bankruptcy. The Chicago Tribune story said the company’s plan is expected to be approved in U.S. Bankruptcy Court in Wilmington, Del. The proposed plan establishes a ...

[more]

BrightSource to Bid for Solar Trust 500-Megawatt Project - Bloomberg

06/11/12

Solar Millennium filed for bankruptcy protection after the plunging price of photovoltaic panels made its solar-thermal technology less competitive. The company planned to use arrays of trough-shaped mirrors to focus sunlight on a fluid-filled ...

[more]