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What would Butch and Sundance do?
There are really only two options facing the US, UK and Europe – accept an eventual sovereign bankruptcy and with it the demise of much of the Western banking system, or figure out a way of currency debasement that limits the damage.
Updated: 09/09/2011 10:18A
Ontario court rules on corporate group filing
On June 28 2011 E&C commenced proceedings in the US Bankruptcy Court for the District of Massachusetts Eastern Division under Chapter 11 of Title 11 of the US Bankruptcy Code. The purpose of the Chapter 11 proceedings was to allow E&C to continue to
Updated: 09/09/2011 10:17A
Post-Dispatch Owner Gets Loan Extension
Lee said it had an agreement to refinance $864.5 million of its debt, under which it would pay steep interest rates to extend the repayment dates to 2015 and 2017. Although Lee still needs to refinance another $175 million, CEO Mary Junck said in a
Updated: 09/09/2011 10:14A
Court rejects Saab's reorganization plan
Zeewolde, The Netherlands – A day after Saab announced that it was seeking bankruptcy protection for a voluntary reorganization, the automaker has confirmed that the District Court has rejected the proposal. The District Court in Vnersborg,
Updated: 09/09/2011 10:03A
Nord West seeks to buy Swedish boatbuilder
Swedish boatbuilder Nord West said it is in negotiations to buy Sweden's Najad Yachts, which filed last month for bankruptcy. “It is with great pleasure we can participate in the reconstruction of the Najad brand,” Nord West founder and owner Benny
Updated: 09/09/2011 09:59A
Obama Officials Sat In On Solyndra Meetings
(Paul Sakuma/AP Photo) Officials from the Department of Energy have for months been sitting in on board meetings as "observers" at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500
Updated: 09/09/2011 09:55A
RPM International (RPM) Shares Upgraded by Credit Suisse (CS) to "Neutral"
(SPHC), filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court) to reorganize under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code). RPM International last announced its
Updated: 09/09/2011 09:52A
14 drivers vying for final 4 berths in Chase field
AP Sports News Video More>> By JENNA FRYER AP Auto Racing Writer RICHMOND, Va. (AP) - Nine drivers have already clinched spots in the Chase for the Sprint Cup championship. NASCAR's new wild-card provision has left a variety of possibilities for the
Updated: 09/09/2011 09:50A
The Daily Docket: FBI Raids Solyndra
NewPage Corp. won court approval Thursday for a $600 million bankruptcy loan, averting both a shutdown and jeopardy to its ongoing paper-making operation. Read the Daily Bankruptcy Review story here. Signature Styles LLC won permission to transfer its
Updated: 09/09/2011 09:41A
Mundy: A defence against the dogs
At these times, short-term investors are more focused on earnings disappointment rather than balance sheet risk and, although the shares might be falling, they may well not be discounting the risk of bankruptcy sufficiently.
Updated: 09/09/2011 09:39A
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