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Did capitalism destroy the middle class?
It's the person who borrows heavily and isn't afraid to declare bankruptcy that survives and goes on to prosper. When the labour market is highly mobile it's not those who stick dutifully to their task that succeed, it's people who are always ready to
Updated: 09/06/2011 05:16P
Senate fiscal 2012 bill would give $200 mil to loan guarantee program
Democrats said the loan guarantees, which the US Department of Energy issued to finance clean energy projects, are vital to increasing the US' energy security and lowering carbon emissions. Inside Energy brings you reporting on energy policy
Updated: 09/06/2011 05:15P
GM Celebrates Chevrolet's Bowtie Logo with Several Possible Accounts of Origins
After its bankruptcy and selling off Pontiac, Saab, Hummer and Oldsmobile, as well as other divisions, GM is more focused on core brands. This year, 2011, is the 100th anniversary of Chevrolet. As part of the celebration, GM is highlighting the brand's
Updated: 09/06/2011 05:12P
Netflix Quitters Turning to Blockbuster Streaming Service?
Dish Network, which purchased most of Blockbuster's assets after the rental giant filed for bankruptcy in April, hasn't set a price yet, but may combine unlimited streaming with Blockbuster's existing mail-order and in-store DVD service.
Updated: 09/06/2011 05:07P
NSW's great car crash
RICK DAMELIAN may be just the first of the Parramatta Road car dealerships to hit the wall, with at least six major Sydney car dealerships and scores of others in rural NSW facing bankruptcy. James McCall, the chief executive of the NSW Motor Traders
Updated: 09/06/2011 05:07P
Fontainebleau Las Vegas developers fight 'vulture investors' lawsuit
Construction on Fontainebleau was halted in the summer of 2009, and its initial developer, Fontainebleau Las Vegas, filed for bankruptcy after banks halted funding for what had been envisioned as a $2.9 billion, 3815-room resort.
Updated: 09/06/2011 05:06P
Mall To Be Auctioned by Bankruptcy Court
Originally developed by the Hahn Co. in 1988, the entire East Hills Mall site comprises approximately 410000 square feet on 36 acres of land. East Hills Mall was previously anchored by Gottschalks and Mervyns stores. When both retail chains filed for
Updated: 09/06/2011 05:04P
The Predictable Failure of Magical Thinking
The bankruptcy of Solyndra; the lack of sales of the GM Volt; the withering of wind and solar power installations as subsidies dry up … suddenly, former green job boosters are having an epiphany: A few years ago, it seemed as though the Green Economy
Updated: 09/06/2011 05:01P
Borders Seeks Six-Figure Payments for Ex-CEO, Others
Borders's bankruptcy estate sought permission late last week to make $125000 severance payments each to Edwards, former Chief Financial Officer Scott Henry and two other senior managers. The request came just hours after Jared Pinsker,
Updated: 09/06/2011 05:00P
Solyndra files for bankruptcy, looks for buyer
Solyndra LLC, based in Fremont, Calif., becomes the latest in a series of failures in the US solar business, which has been beset by oversupply and competition from abroad. The company, which makes unique solar tubes that can soak up sunlight from many
Updated: 09/06/2011 04:46P
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