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Greece drafts emergency wage cut
Police confront protesters in Thessaloniki as the Greek cabinet meets in the city to consider austerity measures to stave off bankruptcy. Photo: Reuters GREEK Prime Minister George Papandreou, who vowed to avoid a default and keep Greece in the euro,
Updated: 09/12/2011 10:05A
Swedish trade unions take bankruptcy action against Saab Automobile
AP PHOTO ARCHIVES Enlarge Image STOCKHOLM - Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile, pressuring the troubled automaker to present a viable funding solution or face collapse within weeks.
Updated: 09/12/2011 10:02A
Obama's Pet Billionaire at Solyndra May Take White House Down
AP By Bob Beauprez, Townhall A high profile, politically well-connected California solar energy company that had won a $535 million loan guarantee from the Obama Administration declared bankruptcy earlier this month and closed its doors sending 1100
Updated: 09/12/2011 10:01A
Summary Judgments for Sept. 12
If a House of Representatives panel gets its way, the courts of Delaware and the Southern District of New York could soon lose their quasi-duopoly on major federal bankruptcy cases. A House Judiciary subcommittee this week held a hearing on changes to
Updated: 09/12/2011 10:01A
UPDATE 1-Merkel coalition toughens tone on Greek bailout
A top Merkel aide signalled the chancellor's support for the leaders of her two centre-right coalition partners, after they spoke publicly on the option of Greece departing from the currency bloc or carrying out an orderly bankruptcy.
Updated: 09/12/2011 10:01A
Germany Readies for Possible Greek Default
German Finance Minister Wolfgang Schuble is no longer convinced that Athens can be saved from bankruptcy. His experts at the Finance Ministry have been working on scenarios exploring what would happen if Greece left the euro zone.
Updated: 09/12/2011 09:59A
European Banks – Un-Worthy, in the Eyes of Investors
The current situation reminds them of economic slowdown just that had developed after the bankruptcy of Lehman Brothers Bank a year back or two. The main factor in the highs and lows of stock market is the sovereign-debt crisis.
Updated: 09/12/2011 09:56A
Union takes bankruptcy action against Saab to secure salaries
AP Stockholm— A Swedish trade union on Monday said it will take bankruptcy action against troubled automaker Saab Automobile to secure payments to its members, who still haven't received their August salaries. White-collar labor union Unionen said it
Updated: 09/12/2011 09:54A
Unions take bankruptcy action against Saab
Entertainment News from AP By MALIN RISING AP STOCKHOLM (AP) - Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile, pressuring the troubled automaker to present a viable funding solution or face collapse within weeks.
Updated: 09/12/2011 09:47A
Warren Goring 'strangled wife after TV shopping debts row'
Mr Goring was given an eviction notice over £3000 rent arrears the night before Mrs Goring was found dead at their home in Mundesley, Norfolk. The court heard much of their debt was from £10000 of women's jewellery bought on TV channel Sit Up Auctions.
Updated: 09/12/2011 09:43A
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