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The Clock Is Ticking On A Euro Banking Crisis
Der Spiegel magazine is reporting that the German finance ministry was preparing for a Greek bankruptcy, telling banks and insurance companies to prepare for 50% haircuts on Greek debt. Under one scenario, Greece defaults but remains in the Euro Zone.
Updated: 09/12/2011 11:38A
Congress May Break Corporate Bankruptcy
For the uninitiated, some powerful special interests and lawmakers regard it as an unfortunate "loophole" that companies can file for bankruptcy protection where they are incorporated, or even in places where they do a small amount of business.
Updated: 09/12/2011 11:33A
Unions seek Saab bankruptcy
TROLLHATTAN, Sweden/AMSTERDAM (Reuters) - Saab lurched further into crisis on Monday as two of the cash-strapped Swedish car maker's own unions served bankruptcy applications despite the company having conjured up
Updated: 09/12/2011 11:33A
NJ Devils Near Bankruptcy
1 loan payment, giving their lenders a breakaway chance to push the three-time NHL champion into bankruptcy, the New York Post reported Monday. It puts the team on thin ice ahead of the opening of training camp Tuesday, with a source saying,
Updated: 09/12/2011 11:29A
SpectraWatt to auction off Hudson Valley manufacturing facility
In August the cell manufacturer filed for Chapter 11 Bankruptcy and the bulk and piecemeal auction, to be carried out by Heritage Global Partners, Counsel RB Capital and Silicon Valley Disposition, marks the first stage of financial restructuring.
Updated: 09/12/2011 11:28A
Saab will not Receive Bankruptcy Protection
The auto manufacturer Saab has nearly collapsed financially, and the court ruling on Thursday in Sweden only made matter worse, as the request made by Saab to receive bankruptcy protection was rejected. Saab vehicles have always been known for their
Updated: 09/12/2011 11:20A
AP Business NewsBrief at 10:56 am EDT
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 11:16A
Greek default fears slam banking sector
By PAN PYLAS, AP Business Writer Fears over the possibility of a Greek debt default and signs of division among Europe's policymakers over how to deal with the crippling crisis combined Monday to send bank stocks sharply lower.
Updated: 09/12/2011 11:13A
Unions Move For Saab Bankruptcy
STOCKHOLM—Two Swedish labor unions Monday submitted applications for Saab Automobile AB's bankruptcy on behalf of about 1130 workers who haven't received their August paychecks. Both unions, Unionen and Ledarna, pledged to withdraw
Updated: 09/12/2011 11:13A
Swedish labor unions start bankruptcy case against Saab
12 (Xinhua) -- Two Swedish labor unions Monday filed petitions for bankruptcy case against Saab Automobile over a salary dispute, according to Swedish News Agency TT. "The reason for the application is that the employees of the company still haven't
Updated: 09/12/2011 11:12A
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