Agriprocessors Bankruptcy Case Faces Venue Fight
First Bank Capital of St. Louis seeks to move Agriprocessors Chapter 11 filing from New York to Iowa arguing improper venue. The Postville meat processor owes about 33 million dollars and faced prior immigration wage law troubles.
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Dave DeWitte
Gazette Agriprocessors
New York
Iowa
First Bank Business Capital of
St. Louis
Agriprocessors
Postville
U.S
Aaron Rubashkin
First Bank Business Capital
Sholom Rubashkin
U.S. District Court
District of
U.S. District Court For
Northern District of
St Louis
Cedar Rapids
Modine expansion eyed bringing 185 new jobs to Washington IA
Modine Manufacturing plans 185 additional full time positions at its Washington facility. Ed Raber says Modine may shift production from Missouri and other Midwest plants to Iowa. The company seeks a $750,000 Community Economic Betterment Account grant and the city backs a five year tax exemption with 20 percent local match.
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Raber
Modine
GM Posts 2.5 Billion Loss as Auto Makers Warn of Cash Crunch
General Motors reports a 2.5 billion third quarter loss and warns it could run out of cash in 2009 without government aid. Ford also reports a 129 million loss for the quarter and plans job cuts. GM suspends talks to acquire Chrysler while considering a strategic acquisition.
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Rick Wagoner
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