Catherine Dellin is president of the Camp 5 Museum Foundation in Laona, Wis. The foundation operates the Laona & Northern Railroad, the Lumberjack Steam Train, which runs to the Wisconsin Forestry Museum and attractions on the site of an old logging camp and lumber company farm.
Fisker bankruptcy bidding heats up quickly (Update) January 8, 2014. Hybrid Technology, led by Hong Kong billionaire Richard Li, has offered $55 million in an auction of Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed ...
WorldCom's Failure: Why Did It Happen? When WorldCom, the telecommunications giant, failed and was put into bankruptcy, the U.S. witnessed one of the largest accounting frauds in history. Former CEO, Bernie Ebbers, 63, was convicted of orchestrating this US$11 billion accounting fraud and was sentenced to 25 years in prison on July 13, 2005.