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Happy Smurfsgiving

From the tail end of this morning's parade. And then these guys came along:
TIME Thu, 26 Nov 2009 19:43:48 +0000

Happy Thanksgiving!

Bankruptcy Beat won't be updated on Thursday and Friday. Our staff is taking some time off to celebrate the holiday. We'll be back on Monday.
Wall Street Journal Wed, 25 Nov 2009 21:13:40 GMT

You Lie! No, You Lie!

Overstock.com's chief executive, Patrick Byrne, and its former auditor, Grant Thoirnton, agree on one thing: Each says the other is a liar.
New York Times Wed, 25 Nov 2009 20:02:57 +0000

Chapter 22 For Auto-Parts Suppliers?

Auto-parts makers could be caught in an "airline-style cycle" and be forced to return to bankruptcy court as the industry struggles to rebound, according to a recent report from Fitch Ratings.
Wall Street Journal Wed, 25 Nov 2009 20:45:28 GMT

Trustee Finds Lightning Tickets Worth Fraction Of Face Value

The NHL's Tampa Bay Lightning are having a hard time selling tickets, which could hurt recoveries for creditors of National Gold Exchange Inc.
Wall Street Journal Wed, 25 Nov 2009 17:56:54 GMT

The Daily Docket: Tribune, Creditors Battle For Control

Tribune Co.'s creditors are asking the bankruptcy court to end the media company's exclusive right to file a restructuring plan. Capmark Financial has agreed to sell its loan-servicing unit to Berkshire Hathaway Inc. and Leucadia National Corp. Reader's Di...
Wall Street Journal Wed, 25 Nov 2009 14:37:35 GMT

I gave a speech about Fischer Black, and all I got was this not-at-all-lousy T-shirt

Aaron Brown organized an event at Bloomberg HQ tonight to celebrate the reissue of the late Fischer Black's books Business Cycles and Equilibrium and Exploring General Equilibrium. Haven't read 'em, so I told some Fischer Black stories from my book. And I ...
TIME Wed, 25 Nov 2009 03:26:27 +0000

Creditors Side With Tavern In Battle With NYC

The fight for the right to the Tavern on the Green name, which has been appraised at $19 million, is heating up, as the Central Park restaurant's unsecured creditors have waded into the fray.
Wall Street Journal Tue, 24 Nov 2009 22:09:13 GMT

Lehman Seeks To Collect Unpaid Employee Loans

Lehman Brothers Holdings Inc. is taking steps to collect more than $51 million in loans it gave to former employees, money that was never repaid to the collapsed investment bank.
Wall Street Journal Tue, 24 Nov 2009 18:50:06 GMT

The downward GDP ratchet begins

Barbara can have her upbeat housing statistics. The Commerce Department's Bureau of Economic Analysis delivered a downer today, revising its estimate of third-quarter GDP growth from 3.5% to 2.8%. The revision was primarily due, the BEA said, to an upward ...
TIME Tue, 24 Nov 2009 17:34:03 +0000

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