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Obama Team Said to Explore `Prepack' Auto Bankruptcy (Bloomberg via Yahoo! News)
Nov. 21 (Bloomberg) -- President-Elect Barack Obama's transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry's financial crisis, according to a person familiar with the matter.
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Obama Transition Said to Consider a ‘Prepack’ Auto Bankruptcy (Bloomberg via Yahoo! News)
Nov. 21 (Bloomberg) -- President-Elect Barack Obama’s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry’s financial crisis, according to a person familiar with the matter.
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Antioch Company files for bankruptcy protection (Yellow Springs News)
After almost a year of considering alternative paths, leaders of The Antioch Company last Wednesday, Nov. 12, filed for chapter 11 bankruptcy and reached an agreement with lenders on how to handle the company’s debt.
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Groundbreaking On Federal Court Building (WTWO Terre Haute)
Not only the site for justice, the new Federal Courthouse in Terre Haute is a symbol of revitalization.
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Number of bankrupt Ohioans is growing and they're owing more (The Cleveland Plain Dealer)
Click here to download PDF.In the latest symptom of a sick economy, more Ohioans -- like others across the country -- are resorting to bankruptcy. They owe almost twice as much as in past generations, and their ranks have...
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FHA-Backed Loans: The New Subprime (BusinessWeek Online via Yahoo! News)
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means.
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What if GM goes broke? (MSN Money Canada)
Neither a bailout nor bankruptcy may save General Motors or the other Detroit automakers. So imagine the cost of losing GM, starting with millions of jobs.
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FHA-Backed Loans: The New Subprime (BusinessWeek)
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HL:The Canadian Press Business News Budget for Thursday, Nov. 20, 2008@ (INO News)
BUSINESS EDITORS:@ Here are Canadian Press Business budget lines as of 10 p.m. ET. Plans may change as circumstances warrant. To contact Canadian Press Business by e-mail, send messages to business(at)thecanadianpress.com.
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Archway ownership may change hands (Bucyrus Telegraph-Forum)
MANSFIELD — Ownership of Archway Cookies could go to a North Carolina-based snack foods purveyor following a bankruptcy hearing Dec. 2.
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