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Former Brazilian president sees Portugal openings for Brazilian companies
A credit crunch, a recession and tax hikes are hurting companies in Portugal, which needed a ‚¬78 billion ($110 billion) bailout earlier this year to spare it from bankruptcy. Brazil's economy, meanwhile, is prospering. The Portuguese government hopes
Updated: 09/08/2011 06:37A
Economic growth weakens in some US regions, Fed says
The owner of cash-strapped carmaker Saab filed Wednesday for bankruptcy protection in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld pay... Read » Best Buy Co., the world's largest consumer-electronics retailer,
Updated: 09/08/2011 06:25A
Crisis-hit Saab files for bankruptcy
Beleaguered Swedish carmaker Saab on Wednesday filed for protection from its creditors amid towers of unpaid bills in what appeared to be a last-ditch attempt to ward off bankruptcy. "We have concluded that a voluntary reorganization process will
Updated: 09/08/2011 06:25A
Museums round on Gouda gallery after it sells major work
A majority of members of the Dutch museum association are in favour of expelling the Gouda museum for selling a painting by South African artist Marlene Dumas at auction in London. The sale of The Schoolboys raised 950000 for the museum,
Updated: 09/08/2011 06:24A
New Page files for creditor protection
New Page Corporation has filed for Chapter 11 bankruptcy in the US and is seeking creditor protection under similar laws in Canada to restructure debt and reposition its overall business. The company expects its US business to continue normal
Updated: 09/08/2011 06:09A
Bankruptcy judge considers sale of struggling Hoboken hospital
HOBOKEN — Hoboken and its struggling hospital have asked a federal bankruptcy judge to approve a settlement that would give a long list of creditors — including union pension funds, insurance carriers and software developers — just a fraction of the
Updated: 09/08/2011 06:05A
State Department of Transportation employees have been instructed not to offer
NewPage Corp. on Wednesday filed for Chapter 11 bankruptcy protection to get its finances in order.- 12:37 am The Associated Press MADISON — Wisconsin Department of Transportation staff have been instructed not to offer free state identification cards
Updated: 09/08/2011 05:55A
Saab seeks protection from creditors as it tries to restart
Saab delayed paying wages last month, the third consecutive postponement, prompting labor leaders to start a process that could have led to a bankruptcy declaration. They said today they'll hold off. The filing, made at the Vaenersborg District Court,
Updated: 09/08/2011 05:48A
Bitou's financial position explained
'Although the municipality still has investments and a positive bank balance, its unspent government grants is not fully supported by cash or investments. This is a contravention of the requirements of the Division of Revenue Act which is promulgated
Updated: 09/08/2011 05:43A
China has won the solar war, says Information Network
Weakening demand claimed its first victim with the bankruptcy of Evergreen Solar. Solar Power Industries in PA closed its doors in May. Spectrawatt, the solar cell manufacturer that was originally spun off from Intel in 2008, filed for bankruptcy
Updated: 09/08/2011 05:30A
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