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General Growth Properties gets loan reprieve (Chicago Sun-Times)
WASHINGTON---- Troubled shopping mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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Nashville at law: Trustee in alleged Ponzi case sues investors (Nashville City Paper)
Hanover trustee sues investors, bed-and-breakfast owner tussles again with zoning board, and more...
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Troubled Glendale mall owner gets extention on debt (Los Angeles Daily News)
Troubled shopping mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders.
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The Almanac -- weekly (Moldova.org)
Today is Monday, Dec. 8, the 343rd day of 2008 with 23 to follow.The moon is waxing. The morning stars are Saturn and Mars. The evening stars are Mercury, Venus, Jupiter, Uranus and Neptune.Those born on this date are under the sign of Sagittarius. They include Mary Queen of Scots in 1542; Eli Whitney, inventor of the cotton gin, in 1765; General Motors founder William Durant in 1861; Finnish ...
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Return Timeline for AEP's Cook Nuclear Unit 1 Defined by Repair, Replacement Scenario (PR Newswire via Yahoo! Finance)
American Electric Power continues work to repair Cook Nuclear Plant's damaged Unit 1 turbine generator. A repair option may allow operation at reduced power, but the rotors will ultimately be replaced to ensure the long-term viability of the unit.
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Corn Prices Have Tumbled (Yankton Press & Dakotan)
With corn cash prices in the mid-$3 range and nearby corn futures closing below $4.00, it is difficult to understand how the USDA justifies setting the 2008 crop year midpoint season average corn price received by farmers at $4.40 as reported in the November 10, 2008 WASDE (World Agricultural Supply and Demand Estimates) http://www.usda.gov/oce/commodity/wasde/latest.pdf.
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People in Business (The Tennessean)
Awards
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Layoffs And Lawsuits (Forbes)
White-collar workers laid off amid the financial crisis are using the 20-year-old plant-closing law to sue for severance.
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Local dealers say bailout necessary (The Argus-Press)
SHIAWASSEE COUNTY - The continued existence of the Big Three is at stake as Congress continues to haggle over a potential automaker bailout - and Shiawassee auto dealers are watching closely as their livelihoods are discussed in Washington, D.C.
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Hanover trustee sues dozens of investors (Nashville City Paper)
Sam Crocker, trustee in the involuntary bankruptcy of alleged $20 million Ponzi scheme Hanover Corp., has filed suit against 63 individuals who received payments from the company before its meltdown in 2006.
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