Saab Bankruptcy is warned to Union

Saab Automobile AB which is a Swedish automaker could be forced into bankruptcy over unpaid wages at the end of this week, reports The Wall Street Journal.
A California developer, which has an ocean view San Clemente property once slated to be the home of the Richard Nixon Presidential Library is trying to move forward with the construction of a luxury shopping mall at the site during the fighting bankruptcy bitter between earth developer SunCal and Lehman Brothers Holdings Inc. Read the story of Daily Bankruptcy Review here.

HFZ Capital Group is in talks with rivals for control of One Madison Park condominium tower and could reach an agreement with the related Cos and Amalgamated Bank within weeks, lawyers told a bankruptcy judge on Friday. Read the story of Daily Bankruptcy Review Small Cap here.
Meetings in New York last week between Jefferson County, Alabama, commissioners and creditors were productive, reports the Wall Street Journal, as both parties strive to avoid what would be the largest municipal bankruptcy in history USA.Vcommindia News