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Unions file for Saab bankruptcy
The bankruptcy petition comes after Saab last week announced it wanted to reorganise under Swedish courts in order to protect itself from its creditors and secure short-term funding. However, this application was denied by the courts, prompting the
Updated: 09/12/2011 11:07A
Calls for Greek bankruptcy divides Merkel coalition
Berlin - Calls for Greece to be allowed to go bankrupt or be expelled from the eurozone divided Chancellor Angela Merkel's German ruling coalition on Monday as signs accumulated that Athens was bogged down in debt. The talk in Germany, the eurozone's
Updated: 09/12/2011 11:02A
German Leaders Debate Next Move As Greece Inches Closer To Bankruptcy
This means continuing to adhere to the austerity measures the nation agreed to, while also heading toward a bankruptcy. Whether it will be messy or relatively structured is still unknown. “The bigger problem is how to get out oft he crisis.
Updated: 09/12/2011 10:59A
Saab unions file to push carmaker into bankruptcy
Two of Saab's white-collar unions today filed petitions to push the automaker into bankruptcy. The actions will lead to a bankruptcy hearing in three weeks, giving Saab owner Swedish Automobile, formerly Spyker, little time to
Updated: 09/12/2011 10:59A
End of the age of stability
The resignation of the ECB's chief economist, Juergen Stark, accelerates a trend that the Germans do not want to fess up to, writes the Frankfurter Allgemeine Zeitung: The end of the policy of stability at any cost to avoid state bankruptcy.
Updated: 09/12/2011 10:59A
Former Howrey chief Ruyak lands new role at Winston & Strawn
His move to the firm that he and others within Howrey once hoped would rescue them from insolvency comes as the Howrey estate continues to wind down its affairs in federal bankruptcy court. Winston chairman Dan Webb said that the hire represents a
Updated: 09/12/2011 10:58A
New Jersey Devils Close To Bankruptcy, According To Report
1 loan payment, giving its lenders a breakaway chance to push the team into bankruptcy, a source with direct knowledge of the situation said. "The Devils are blowing up," the source said. The team's financial hardships could also affect Newark's
Updated: 09/12/2011 10:56A
Signature Styles sale of assets approved by court
Sept 12 (Reuters) - A bankruptcy judge has approved the sale of substantially all of catalog and internet retailer Signature Styles LLC's assets to Artemiss LLC, court documents show. Signature, which owns apparel brands Spiegel, Newport News and Shape
Updated: 09/12/2011 10:30A
Socit Gnrale wants over one million euros from British tabloid
By RFI French bank Socit Gnrale, is demanding 1.16 million euros in damages from the British tabloid newspaper, the Mail on Sunday, after it published an article claiming the company was on the verge of bankruptcy. The report, which appeared on the
Updated: 09/12/2011 10:29A
Simpsonville couple loses home, has to surrender 3 dogs
Genie Jordan recently had spinal surgery, and the couple's only source of income now is disability checks. Bill Jordan says he continues to look for work. The Jordans are moving to a small apartment so they had to turn over their three golden
Updated: 09/12/2011 10:28A
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