Bankruptcy

SEOUL, South Korea, Nov. 6 /PRNewswire/ -- MagnaChip Semiconductor ("MagnaChip" or "the Company") announced that its Second Amended Plan of Reorganization confirmed by the United States Bankruptcy Court for the District of Delaware on September 25, 2009 (the "Plan"), will become effective on Monday, November 9, marking MagnaChip's emergence from voluntary Chapter 11 restructuring. The Plan was overwhelmingly supported by the Company's creditors. Under the Plan, Avenue Capital Management II, L.P. ("Avenue Capital") has become the controlling shareholder of ...

BOTHELL, Wash., Nov. 6 /PRNewswire-FirstCall/ -- SCOLR Pharma, Inc. (Amex: DDD) today reported financial results for the three and nine months ended September 30, 2009. Stephen J. Turner, SCOLR Pharma's President and CEO, said, "We continue to advance discussions related to licensing our 12-hour ibuprofen formulation. Several potential partners have committed significant resources in time, personnel and external resources as they evaluate the potential commercial and/or licensing opportunity. In the nutraceutical area, we have increased our sales and marketing efforts and are optimistic we will be able to expand our existing revenue streams from extended release supplements. Royalties received from Perrigo continue to improve on a quarterly basis, and we expect to see further increases as we expand the reach of our products to new customers. In addition, we have made significant strides in support of our recent marketing efforts on new product offerings outside of ...

Here is a list of the top news items from this week on Wall Street:

1. The unemployment rate rose over 10% this week, marking the first time since 1983. Data from the labor department showed that employers cut another 190,000 jobs last month, pushing the rate of unemployment up from Septembers 9.8%. Although economists had been expecting the unemployment rate to drop to just 9.9%, shares rose sharply on Thursday, closing above the heavily-watched 10,000 level.

2. The Fed held its key interest rates at the 0-0.25% range this week. As this had been expected by traders, the real speculation was related to the language used in the FOMC statement: to keep rates "exceptionally low" for an "extended period".

3 ...

Free eBook helps consumers enjoy a budget-friendly holiday HOUSTON, Nov. 6 /PRNewswire-USNewswire/ -- Thanksgiving marks the beginning of the holiday season and many people start their holiday by serving a delicious Thanksgiving dinner and end it by shopping. Unfortunately, an expensive Thanksgiving weekend means less money left over for the weeks ahead. Like most expenses, there are quite a few ways to keep costs down, and as usual, the most important one is to plan ahead. To help trim the fat from ...

Two Dozen Legislators Urge an Update to Federal Transportation Law to Ensure Industry Polluters Can't Force Impoverished Workers to Pay the Cost of Replacing Old, Diesel-Spewing Fleets LOS ANGELES & OAKLAND, Calif., Nov. 6 /PRNewswire-USNewswire/ -- A coalition of over 100 environmental, public health, labor, faith-based and community groups today applauded Rep. Zoe Lofgren and 23 other California members of the U.S. House of Representatives for jointly pushing for a revision to a decades-old law that a trucking lobby has used to lower driver incomes and threaten the nation's most successful program for slashing diesel-truck emissions. In a letter to the chairman of the House Transportation & Infrastructure committee, the lawmakers indicated their desire to protect the Port of Los Angeles' Clean Truck Program and permit officials in Oakland and around the country to enact similar operational requirements on port property to meet federal clean-air standards and improve safety, security and congestion. "We ...