| Judge places Hawaii resort under receivership (AP) Circuit Judge Shackley Raffetto has placed the Maui Prince Hotel and Makena Resort under receivership. The request came from Wells Fargo Bank, the trustee for the mortgage lenders. It had the support of International Longshore and Warehouse Union Local 142, which represents most of the resort's workers. us.rd.yahoo.com |
Feds to slap caps on interest paid by troubled banks Troubled community banks already reeling from the fallout of the real estate market are bracing for a federal rule change some fear could have depositors walking out the door. feeds.bizjournals.com |
Initial public offerings scheduled for next week (AP) The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, Connecticut and SEC filings. us.rd.yahoo.com |
Nuance to buy SpinVox for $102.5m (at FT.com) SpinVox, the troubled voice-to-text conversion company that had once been a rising star of the UK technology sector, has been sold to a US competitor for barely half the money ploughed into the business in recent years. us.rd.yahoo.com |
Distress Watch: Real Estate Sell-Off Starts Small Houston mall that once fetched $102 million sells for $15 million. But where are the bigger bargains? forbes.com |