, Sept 7 (Reuters) – NewPage Corp
[NEWPG.UL], the biggest maker of magazine paper in North
America, filed for bankruptcy on Wednesday, succumbing to
falling demand and rising costs.

NewPage, owned by Cerberus Capital Management LP [CBS.UL],
has been trying to restructure its $4.2 billion of debt but
said jittery suppliers have begun cutting off its credit,
leaving its liquidity “severely constrained,” according to
filings in Delaware’s bankruptcy court.

WILIMINGTON, Delaware (Reuters) – Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for bankruptcy, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks.

Solyndra, which also received more than $700 million in venture capital funding, said it will try to find a buyer quickly to avoid a firesale liquidation.

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By George Hay

LONDON, Aug 31 (Reuters Breakingviews) – Piraeus Bank
(BOPr.AT: Quote, Profile, Research) must feel a bit jilted. The smallest of the four big
Greek banks has just watched its most likely merger partners,
Eurobank EFG (EFGr.AT: Quote, Profile, Research) and Alpha Bank (ACBr.AT: Quote, Profile, Research), head off into
the sunset together. A consolation deal with National Bank of
Greece (NBGr.AT: Quote, Profile, Research), the biggest of the bunch, could work. But
Piraeus may have to make significant concessions to make it
happen.

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own)

By George Hay

LONDON, Aug 31 (Reuters Breakingviews) – Piraeus Bank
(BOPr.AT: Quote, Profile, Research) must feel a bit jilted. The smallest of the four big
Greek banks has just watched its most likely merger partners,
Eurobank EFG (EFGr.AT: Quote, Profile, Research) and Alpha Bank (ACBr.AT: Quote, Profile, Research), head off into
the sunset together. A consolation deal with National Bank of
Greece (NBGr.AT: Quote, Profile, Research), the biggest of the bunch, could work. But
Piraeus may have to make significant concessions to make it
happen.

WILMINGTON, Delaware (Reuters) – Frank McCourt’s decision to put the Los Angeles Dodgers baseball team in bankruptcy is a bit like a knuckleball: if conditions are perfect, it could be a wild way to stay in the game.

The parking lot tycoon and Dodgers owner could defy conventional wisdom and hang on to the team when it comes out of bankruptcy, even as Major League Baseball and its commissioner Bud Selig are trying hard to get rid of him.

DEWEY BEACH, Delaware (Reuters) – Mandatory evacuation and travel restrictions were lifted in Delaware on Sunday as the coastal state dodged the worst of Hurricane Irene.

Businesses began to reopen and residents emerged to survey what the storm, which hit early on Sunday, left behind.

MILFORD, Del (Reuters) – Delaware residents headed inland on Saturday, under orders to evacuate homes within three-quarters of a mile of the Atlantic Ocean, Delaware River and other waterways ahead of Hurricane Irene.

The hurricane’s center path was expected to pass closer than previously forecast to Delaware and Ocean City, Maryland, the National Hurricane Center said.

MILFORD, Delaware (Reuters) – Delaware residents headed inland on Saturday, under orders to evacuate homes within three-quarters of a mile of the Atlantic Ocean, Delaware River and other waterways ahead of Hurricane Irene.

The hurricane’s center path was expected to pass closer than previously forecast to Delaware and Ocean City, Md., the National Hurricane Center said.

, Aug 24 (Reuters) – Shareholders of
Washington Mutual Inc made their final pitch against the
company’s $7 billion reorganization plan on Wednesday,
repeating accusations the bankruptcy was tainted by insider
trading.

The company needs the plan approved so it can begin
repaying its creditors, although shareholders are unlikely to
get much of anything.