Innkeepers USA Trust announced that it has filed for Chapter 11 bankruptcy protection in New York, leaving real-estate entities for one of its biggest creditors – Lehman Brothers Holdings Inc.
Innkeepers USA Trust, based in Palm Beach, Florida has 10,000 rooms in 72 hotels which are spread across 20 states. Having more than 2,500 employers it was acquired by Apollo Investment Corp. 3 years ago. The trust missed a payment on the fixed-rate debt in April and now Lehman Brothers Holdings Inc. needs a bankruptcy judge’s approval, in order to recover …

The White House announced a new unifying national policy for strengthening a way to improve ocean management at all levels, according to press reports. This may become a historical initiative that hopes to protect key natural resources.
With the BP oil spill disaster serving as an example of the vulnerability for the oceans, this new policy will have to express what the American nation really wants to prioritize and the specialists said that a proper framework is desperately needed.
The main problem is that the new policy will have to harmonize more …