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Bankruptcies:General headlines from the week of November 17, 2008Atlanta software startup VuBotics files for Chapter 11
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Startup software firm VuBotics Inc. filed Wednesday for Chapter 11 bankruptcy protection after only three years in business. (RIMM) Wed, 19 Nov 2008 22:38:03 GMTWilliams to lead WaMu through bankruptcy case
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Washington Mutual will shell out $700,000 over the next four months for a new president to lead the company through its Chapter 11 case, currently making its way through U.S. Bankruptcy Court in the District of Delaware. Wed, 19 Nov 2008 22:33:17 GMTBailout for automakers? St. Louis bankers say no
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St. Louis bankers spoke firmly against a federal bailout of Detroit automakers at a conference Wednesday at Webster University. Wed, 19 Nov 2008 21:52:13 GMTAIA billings index plummets
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The American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995. Wed, 19 Nov 2008 19:08:46 GMTNational Harbor gets $35M
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Prince George’s County Council will issue $35 million in bonds to pay for public facilities and improvements at National Harbor. Wed, 19 Nov 2008 17:50:57 GMTPa., N.J. among least competitive states, think tank says
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Pennsylvania and New Jersey are among the least competitive states in the country when it comes to attracting and keeping businesses, according to a report released Wednesday. Wed, 19 Nov 2008 17:00:03 GMTSouthwest Airlines makes bid for LaGuardia slots
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Southwest Airlines Co. has applied to take over ATA Airlines’ gates at New York’s LaGuardia Airport. (LUV) Wed, 19 Nov 2008 16:58:42 GMTSouthwest bids for slots at LaGuardia
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Southwest Airlines Co. said Wednesday that the airline is bidding to acquire ATA Airlines’ rights to 14 slots at LaGuardia Airport, a move that would allow the Dallas-based airline to conduct seven daily round-trip flights into New York. (LUV) (AMR) (DAL) (LCC) Wed, 19 Nov 2008 16:11:18 GMTAIA billings index plummets
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The American Institute of Architects’ Architecture Billings Index — an indicator of construction activity — fell in October to its lowest level since 1995. Wed, 19 Nov 2008 16:10:54 GMTNational Harbor gets $35M
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Prince George’s County Council will issue $35 million in bonds to pay for public facilities and improvements at National Harbor. Wed, 19 Nov 2008 16:07:46 GMTWareham Group files Chapter 7
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The owner of The Wareham Group P.C. law firm has filed for Chapter 7 liquidation bankruptcy, according to court documents. Wed, 19 Nov 2008 16:05:19 GMTSouthwest Airlines bids on LaGuardia slots
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Southwest Airlines said Wednesday that it is competing for space at New York’s LaGuardia Airport. (LUV) Wed, 19 Nov 2008 15:44:52 GMTSouthwest Airlines bids on LaGuardia slots
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Southwest Airlines said Wednesday that it’s competing for space in New York’s LaGuardia Airport. (LUV) Wed, 19 Nov 2008 15:01:38 GMTKnight Foundation to help fund King memorial
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The John S. and James L. Knight Foundation in Miami plans to make a announcement Wednesday morning regarding a major donation to the Martin Luther King Jr. National Memorial Project Foundation. Wed, 19 Nov 2008 14:59:11 GMTSouthwest bids for ATA???s LaGuardia slots
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Southwest Airlines Co. said Wednesday that the airline is bidding to acquire ATA Airlines’ rights to 14 slots at LaGuardia airport -- a move that would allow the Dallas-based airline to conduct seven daily round-trip flights into New York. (LUV) Wed, 19 Nov 2008 14:51:03 GMTSciClone Pharmaceuticals gets $6M in debt financing
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SciClone Pharmaceuticals Inc. secured $6 million in debt financing from Silicon Valley Bank. (SCLN) Wed, 19 Nov 2008 14:50:51 GMTSouth Florida's connections to China poised to grow
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Miami on Wednesday will become the official home of the Asia America Equity Exchange (AAEE), a group that will promote investment between North and South America and China. Tue, 18 Nov 2008 23:45:50 GMTAutoNation's Jackson pushes for Detroit bailout
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AutoNation CEO Mike Jackson says Washington’s transition period may be an obstacle to solving the domestic auto industry crisis. Tue, 18 Nov 2008 23:26:01 GMTKRON owner may face Chapter 11
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Unable to sell its KRON-TV station in San Francisco, Young Broadcasting says it may be forced to file for Chapter 11 bankruptcy protection. Tue, 18 Nov 2008 23:00:46 GMTBoeing buys Digital Receiver Technology
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Digital Receiver Technology Inc. has entered into a definitive agreement to sell its operation to aerospace giant Boeing Co. Tue, 18 Nov 2008 17:32:39 GMTHonda to make natural gas Civic in Indiana
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In dedicating its new Indiana plant this week, Honda Motor Co. Ltd. officials also announced the facility will begin producing a compressed natural gas-powered car next year. Tue, 18 Nov 2008 16:41:37 GMTGM to delay reimbursements to dealerships
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General Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press. Tue, 18 Nov 2008 15:47:04 GMTGM to delay reimbursements to dealerships
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General Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press. Tue, 18 Nov 2008 15:19:53 GMTGeneral Motors to delay dealer reimbursements
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General Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM) Tue, 18 Nov 2008 15:00:53 GMTGeneral Motors to delay dealer reimbursements
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General Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM) Tue, 18 Nov 2008 14:58:55 GMTGeneral Motors to delay dealer reimbursements
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General Motors Corp. is delaying dealer reimbursements of rebates and other sales incentives, a sign the corporate giant is having cash flow problems, according to a report by the Associated Press. (GM) Tue, 18 Nov 2008 14:51:11 GMTGM to delay reimbursements to dealerships
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General Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press. Tue, 18 Nov 2008 14:17:35 GMTMarnella Homes exits bankruptcy
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The first local home builder to seek protection from creditors in U.S. Bankruptcy Court has become the first to exit. Tue, 18 Nov 2008 02:00:01 GMTGM to delay reimbursements to dealerships
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General Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems. Tue, 18 Nov 2008 00:51:57 GMTGM to delay reimbursements to dealerships
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General Motors is delaying dealer reimbursements of rebates and other sales incentives, a sign that the corporate giant is having cash flow problems, according to a report by the Associated Press. Mon, 17 Nov 2008 23:19:42 GMTAccentia subsidiaries seek to block lease
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A pair of Accentia Biopharmaceuticals Inc. subsidiaries, AutovaxID and Biovax, are asking the U.S. Bankruptcy Court in Tampa, Fla., to reject a lease for 24,000 square feet of office warehouse space in St. Louis’ Hill neighborhood. Mon, 17 Nov 2008 22:56:12 GMTAZ lawmaker: Let auto makers file bankruptcy
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Mesa Congressman Jeff Flake said Monday that troubled U.S. auto makers should go into the bankruptcy and try to reorganize rather than relying on a federal bailout. Mon, 17 Nov 2008 22:44:55 GMTLazydays plans to restructure debt
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In a move to preserve cash amid a downturn in the market for recreational vehicles, Lazy Days RV Center Inc. said it elected not to make an interest payment due to holders of its senior notes. Mon, 17 Nov 2008 22:13:27 GMTPinto & Hobbs files for bankruptcy
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Pinto & Hobbs Inc., a restaurant in Albany’s Center Square neighborhood, filed for bankruptcy protection on Monday as its owners are attempting to sell the property. Mon, 17 Nov 2008 22:06:44 GMTForsee freezes hiring in MU System
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University of Missouri System President Gary Forsee said Monday that he has frozen hiring of administrative, staff and faculty positions, effective immediately, because of the teetering economy and forecasts for more of the same. Mon, 17 Nov 2008 22:00:26 GMTWounded soldiers to receive advanced trauma care
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Brooke Army Medical Center (BAMC) has been selected as a site for a new clinical trial that will evaluate the effectiveness of shockwave therapy for treating complex wounds in a military trauma hospital environment. Mon, 17 Nov 2008 21:57:45 GMTThomas Properties wants the rest of its loan from Lehman for Austin deal
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An affiliate of Thomas Properties Group Inc. has filed a motion in U.S. Bankruptcy Court in New York in an attempt to secure a $100 million revolving loan it was supposed to get from Lehman Brothers Holdings Inc. Mon, 17 Nov 2008 21:54:25 GMTHonda to make CNG cars in Greensburg
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Officials with Honda Motor Co. Ltd. officials today announced that the plant that they opened last month in Greensburg, Ind., in 2009 will begin producing the Honda Civic GX, a compressed natural gas-powered car. Mon, 17 Nov 2008 21:54:21 GMTAntioch Co. files for Chapter 11
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One of the Dayton area’s largest companies has filed for bankruptcy court protection from creditors. Mon, 17 Nov 2008 19:39:44 GMTAntioch Co. files for bankruptcy
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One of the Dayton region’s largest companies has filed for Chapter 11 bankruptcy protection. Mon, 17 Nov 2008 18:33:20 GMTLevel 3 buying up debt
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Level 3 Communications Inc. is offering to buy back $1.14 billion worth of debt the company has coming due in the next two years, and will fund part of the purchase with the issuance of $400 million in new debt due three years later, the company announced Monday. (LVLT) Mon, 17 Nov 2008 18:20:56 GMTRemuda Ranch to treat anxiety disorders
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Remuda Ranch, which focuses on eating problems, has launched a new treatment program for women with anxiety disorders. Mon, 17 Nov 2008 18:07:09 GMTJunior Achievement poll: Fewer teens want to start own businesses
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A Junior Achievement survey shows that fewer teens are interested in going into business for themselves. Mon, 17 Nov 2008 18:03:06 GMTPR Pharmaceuticals files Chapter 11
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PR Pharmaceuticals Inc. has filed for Chapter 11 bankruptcy protection, according to court documents. (SRDX) Mon, 17 Nov 2008 18:00:21 GMTCary businessman sentenced to 24 months in prison
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A man who pleaded guilty to marketing illegal tax shelters through his Cary-based operation was sentenced earlier this month to 24 months in federal prison. Mon, 17 Nov 2008 16:44:18 GMTBaker Development files Chapter 11
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A South Florida company with plans to develop in Baker County has filed for Chapter 11 bankruptcy. Mon, 17 Nov 2008 15:25:37 GMTNFL refinances to remove uncertainty from its books
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The NFL rolled its $1.4 billion credit line into a four-year term loan, meaning that unless the deal is refinanced, the league will have to pay back $350 million in 2011, the year the sport could be locking out its players, and the remainder of the loan in 2012. Mon, 17 Nov 2008 05:00:00 GMTSecond lawsuit filed against Russ Darrow III???s auto group
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A second automotive financing firm is suing Russ Darrow III’s Darrow Automotive Group for alleged loan defaults. Mon, 17 Nov 2008 05:00:00 GMTMonument Realty sued for Watergate garage deterioration
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More than 15 months ago, the Watergate Hotel shut its doors to prepare for major renovations that would rebrand one of the premier addresses in Washington. Mon, 17 Nov 2008 05:00:00 GMTConsumer bankruptcies rise dramatically during October
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Monthly consumer bankruptcy filings topped 100,000 in October for the first time since a law that forces more debtors to pay off more of their debts went into effect three years ago. Mon, 17 Nov 2008 05:00:00 GMTOn Washington???s birthday a present from Mirant
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Painter Patrick Kirwin and sculptor Chris Erney have spent the last two years and $42,000 on materials crafting a mural the length of four football fields along the Mount Vernon bike trail in Alexandria. Mon, 17 Nov 2008 05:00:00 GMTFederal judge nixes $430K bonus for Fieldstone execs
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Eight months after a bankruptcy judge ruled that Fieldstone Mortgage Co. officers could get bonuses for staying with the company through Chapter 11, a federal court has reversed the decision. Mon, 17 Nov 2008 05:00:00 GMTProvident Bank settles dispute over health costs
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Provident Bank and RSM McGladrey Insurance Services have settled a dispute over the bank’s health care expenses. Mon, 17 Nov 2008 05:00:00 GMTSprint must dial up successful cost-cutting efforts, analysts say
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Sprint Nextel Corp. needs to continue shedding costs as part of its efforts to stage a turnaround, and a planned deal to move its WiMAX unit to a new company will provide a boost. Mon, 17 Nov 2008 05:00:00 GMTStudy: Startups rely far more on banks than on friends, family
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Bank loans are a far more important source of startup capital than are investments by friends and family members, according to a new report by the Kauffman Foundation. Mon, 17 Nov 2008 05:00:00 GMTGet lean, get tough and jump on downturn???s opportunities
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Anyone who survived the last down market knows there are diamonds in the rubble of a broken economy. While everyone else is fleeing for the hills, a smart, lean startup company can find its greatest fortune. Mon, 17 Nov 2008 05:00:00 GMTGlobe shows red ink as Times faces cash crunch
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Here’s a head-turning headline you won’t see in The Boston Globe: The venerable broadsheet told its unions it was losing close to $1 million a week as recently as this summer. Mon, 17 Nov 2008 05:00:00 GMTGov.???s relationship with business strained by oil and gas rancor
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Colorado Gov. Bill Ritter embarks on an Asian trade mission with local business leaders on Saturday, Nov. 15, but his standing with the oil and gas industry and those who distrust labor unions remains testy at best. Mon, 17 Nov 2008 05:00:00 GMTMichael Brandt, Duke MBA prof, teaches using real-world lessons
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DURHAM – It’s Monday morning, and Michael Brandt displays a chart on the overhead in front of his master’s of business administration class. Mon, 17 Nov 2008 05:00:00 GMTCroscill bought by Patriarch Partners; future of Triangle ops unclear
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DURHAM – A new owner has stepped in to revive sales at Croscill Inc., maker of some of the most popular styles of bedding, bath and window treatment products sold in the U.S., but the future of the company’s manufacturing and distribution operations in Durham, Oxford and Henderson is still unclear. Mon, 17 Nov 2008 05:00:00 GMTElection opens door to Cisneros connection
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San Antonio business leader Red McCombs was one of three Texas chairs for Sen. John McCain’s presidential campaign. Mon, 17 Nov 2008 05:00:00 GMTStudio Arena creditors face Dec. 1 deadline
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Just two weeks remain for creditors to place final claims against Studio Arena Theater, the downtown theater that filed for bankruptcy protection in June. Mon, 17 Nov 2008 05:00:00 GMTCourt strips Rua of Christopher???s clothing store
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It was the 1st of July, and Vince Rua was taking extraordinary steps to save the business he founded 12 years ago, Christopher’s Men’s Stores. Mon, 17 Nov 2008 05:00:00 GMTCommunity banks weigh TARP
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The federal government has dangled a $250 billion carrot in front of the U.S. banking industry through the Treasury Department’s Troubled Asset Relief Program and most of the big boys are gobbling it up. Mon, 17 Nov 2008 05:00:00 GMTDestiny Nightclub changing hands, avoids liquor license foreclosure
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A Universal Studios-area nightclub will avoid the possible foreclosure of its liquor license thanks to the club’s pending Chapter 11 bankruptcy sale. Mon, 17 Nov 2008 05:00:00 GMTBusiness is booming for debt-consolidation companies as more people seek help
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A year ago, Sarah Leineke had 150 clients. Now, she has more than 450. Mon, 17 Nov 2008 05:00:00 GMTSBA allowing lenders to charge higher rates on 7(a) loans
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The Small Business Administration hopes to encourage lenders to resume making 7(a) business loans by letting them charge higher interest rates. Mon, 17 Nov 2008 05:00:00 GMTHoliday season will be a big test for retailers
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Across the board, from Saks Fifth Avenue to Target, retailers are projecting a very blue Christmas. (TGT) (HVT) (HD) (SKS) (JWN) Mon, 17 Nov 2008 05:00:00 GMTOwner of winery complex in Lockeford files Chapter 11
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The company that owns the Vino Piazza winery complex near Lodi has filed for Chapter 11 bankruptcy protection. Mon, 17 Nov 2008 05:00:00 GMTWest Shore Associates files for bankruptcy protection
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TAMPA — The owner of the former Wenczel Tile Co. property on South West Shore Boulevard is seeking bankruptcy court protection four years after buying the site out of bankruptcy. Mon, 17 Nov 2008 05:00:00 GMTCredit crisis counselors
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In the two months since local mortgage giants Fannie Mae and Freddie Mac were seized by the government, more than 15 law firms across the Washington area have announced initiatives related to the financial crisis. Mon, 17 Nov 2008 05:00:00 GMTDespite down economy, local and regional accounting firms grow
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The field of accounting has changed radically over the years, as have the firms that practice its science and art. It is a major part of one of the state’s picks – professional services – as a targeted high-paying growth cluster. Mon, 17 Nov 2008 05:00:00 GMTLaw firms shift priorities as bankruptcy, securities fraud heat up
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The downturn in the economy forced many South Florida law firms to reorganize, shift priorities and, occasionally, make cuts. A few firms thrived despite the downturn, mostly because they were able to switch focus from business transactions to helping distressed companies. Mon, 17 Nov 2008 05:00:00 GMTJewelers looking on the bright side ahead of holidays
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Cut and clarity are well-known measures in the jewelry industry, but both might have new meaning this holiday season. Mon, 17 Nov 2008 05:00:00 GMTSLU scraps $100 million plan for Grand and Lindell
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A year after Saint Louis University announced a $100 million development for land it owns at Grand and Lindell, the school is no longer pursuing a mixed-use project backed by McCormack Baron Salazar. Mon, 17 Nov 2008 05:00:00 GMTEight months behind the scenes working out Steffen
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One hundred bankers, city and state officials, and developers packed a room in the Old Post Office at the end of April to sort out the mess resulting from the shutdown of Pyramid Cos. Mon, 17 Nov 2008 05:00:00 GMTEducare files for bankruptcy
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Educare Inc., a St. Louis-based company that operates three child care centers, has filed for bankruptcy protection from creditors it owes more than $1 million. Mon, 17 Nov 2008 05:00:00 GMTKorea's Shinsegae wants to reopen Carraway
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The South Korean investment firm that pledged to inject $15 million into Physicians Medical Center Carraway says it now wants to purchase the shuttered hospital out of bankruptcy and reopen the 100-year-old facility. Mon, 17 Nov 2008 05:00:00 GMTEconomy pounds trucking biz
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Cuts in manufacturing and the worsening economy have replaced soaring fuel costs as the biggest threats to transport companies. Mon, 17 Nov 2008 05:00:00 GMTO???Donnell???s Accentia files bankruptcy
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Accentia Biopharmaceuticals Inc. has filed for bankruptcy, but chief executive Frank O’Donnell might have a source for additional financing — a private equity group he founded. Mon, 17 Nov 2008 05:00:00 GMTAnnual Walk to Cure Diabetes raises $2.1 million for research
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Earlier this month, the annual Walk to Cure Diabetes drew more than 27,000 participants and raised $2.1 million for the Juvenile Diabetes Research Foundation. Mon, 17 Nov 2008 05:00:00 GMTLawsuit targets $44M Sunwest sale
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Investors are challenging the sale of 10 East Coast properties of Sunwest Management Inc., a move that could hinder the company’s efforts to sell distressed assets and ward off bankruptcy. Mon, 17 Nov 2008 05:00:00 GMTProposed entertainment district gets nod from Sugar Land voters
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When Sugar Land residents went to the polls last week, they made it clear they want to attend name-brand concerts and professional baseball games — without having to drive to downtown Houston. Mon, 17 Nov 2008 05:00:00 GMTEconomic uncertainty encumbers SBA loan programs
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The Small Business Administration’s loan programs got off to a poor start in October, the first month of the federal government’s new fiscal year. Mon, 17 Nov 2008 05:00:00 GMT Warning: fclose(): supplied argument is not a valid stream resource in /home/ivox/barneslawfirm.com/news/index.html on line 107
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