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Fear of Greek default has banks on edge
Senior German politicians have suggested publicly in recent days that an orderly bankruptcy of Greece may be part of a solution to the country's problems. The notion, which has been a taboo so far in Europe's handling of the crisis,
Updated: 09/12/2011 07:17A
Swedish trade union takes bankruptcy action against Saab Automobile
STOCKHOLM - Swedish trade union takes bankruptcy action against Saab Automobile.
Updated: 09/12/2011 07:12A
'Sweets for my sweet' costly for Bulgarian confectioners
Mariana Kukusheva, who chairs the Federation of Bread Bakers and Confectioners in Bulgaria said that, if sugar prices kept rising, small-to-medium sized enterprises (SMEs) in the country could face bankruptcy. Her comments, to the Sofia-based Focus
Updated: 09/12/2011 07:11A
Trump Entertainment losing presence in Atlantic City as its pieces are sold
This monumental shift is occurring at a time when Donald Trump himself says he may be too busy with other investments around the world and his reality TV show “The Apprentice” to focus on Atlantic City. Donald Trump has been synonymous with the
Updated: 09/12/2011 07:05A
Save the troll!
Righthaven, known for its spirited acts of self-defence when threatened by evil patent violators, says it may have to file for bankruptcy if its latest lawsuit is unsuccessful. According to Vegas Inc, the company has petitioned a federal judge to stay
Updated: 09/12/2011 07:03A
ND farm couple say dairy deal cost a lot
Chapter 11 bankruptcy protected the dairy, so the couple couldn't collect on a promissory note, due Sept. 1, 2010. Millner came to the Banishes, offering equity in the dairy in exchange for payments. “We said absolutely not,” Sandy says.
Updated: 09/12/2011 07:01A
Upside down dairy still looks ahead
He says when a loan becomes “classified,” the lender is required to have escrow money in reserve. A $7.5 million “classified” loan requires $75 million in escrow. “If they can dump us, they can loan out $75 million to good-paying customers,” Millner
Updated: 09/12/2011 07:01A
Dairy drama: A timeline
September: Millner travels to South Korea to solicit EB-5 investments. MCC shareholder plaintiffs later said say MCC Dairy paid for consulting services associated with EB-5 investments, but all $13.5 million in investments went to Veblen East — a
Updated: 09/12/2011 07:01A
Merkel silent after deputy calls for Greek bankruptcy
Berlin - German Chancellor Angela Merkel kept silent Monday after her deputy marked the rising tension in Berlin with a call for Greece to declare bankruptcy if it cannot fix its fiscal crisis. Strains in Merkel's government over the cost of propping
Updated: 09/12/2011 07:00A
CBS 3 Springfield - WSHMUnions hold off bankruptcy action against Saab
Entertainment News from AP By MALIN RISING AP STOCKHOLM (AP) - Unions said Monday they will hold off bankruptcy action against Saab Automobile until an appeals court has reviewed the cash-strapped car maker's request for bankruptcy protection.
Updated: 09/12/2011 06:57A