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October 23, 2007 |
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BEAR STEARNS: Massachusetts Conducts Probe on Funds' Trading Securities regulators in the office of William F. Galvin, secretary of state of the Commonwealth of Massachusetts, are investigating whether Bear Stearns Cos. traded mortgage-backed securities for its own account with two of its collapsed hedge funds... Read More |
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BOSTON SCIENTIFIC: Posts $272 Mil. Net Loss in Qtr. Ended Sept. 30 Boston Scientific Corporation disclosed financial results for the third quarter ended Sept. 30, 2007, as well as guidance for net sales for the fourth quarter of 2007... Read More |
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CHRYSLER LLC: UAW Leaders Urge Key Locals to Accept Labor Pact United Auto Workers union leaders are trying to sweet talk members at three Chrysler LLC plants in Indiana, Michigan and Illinois, each employing more than 1,00 workers, to approve a tentative labor contract between the union and the carmaker, various... Read More |
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CROWN HOLDINGS: Sept. 30 Balance Sheet Upside-Down by $386 Million Crown Holdings Inc. disclosed financial results for the third quarter and nine months ended Sept. 30, 2007... Read More |
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FIRST MAGNUS: Unsecured Lenders May Get 17%-34% Under Plan The Associated Press said in a report that First Magnus Financial Corporation expects to repay unsecured creditors, owed a total of $93,000,000, between $16,000,000 and $32,000,000, a recovery of about 17% to 34%... Read More |
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LAKE MARTIN: Case Summary & 15 Largest Unsecured Creditors Debtor: Lake Martin Partners, LLC 142 South Woodburn Drive Dothan, AL 36305... Read More |
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SALANDER-O'REILLY: Mounting Lawsuits Prompt Closure Order Bankruptcy filing is possible for Salander-O'Reilly Galleries after a New York State judge ordered its closure, Philip Boroff of Bloomberg News reports, citing a company lawyer... Read More |
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SOLAR STAMPING: Gets Final Okay to Obtain DIP Financing from GM Solar Stamping and Manufacturing LLC obtained authority, on a final basis, from the U.S. Bankruptcy Court for the Eastern District of Michigan to obtain postpetition financing from General Motors Corp., Bill Rochelle of Bloomberg News reports... Read More |
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