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Investors wonder if Bank of America cost-cutting is enough
One asked about the possibility of a bankruptcy filing for Countrywide Financial Corp., the high-risk home lender whose acquisition has gravely wounded the Charlotte, NC, bank. "We look at all our options," Moynihan responded, speaking at a Barclays
Updated: 09/12/2011 09:21P
Brown Rudnick Berlack Israels | Brown Rudnick Honored by Best Lawyers in
This year's honorees practice in Bankruptcy and Creditor-Debtor Rights, Complex Litigation, Criminal Defense: White- Collar, Energy, Environmental, First Amendment, Government Relations, Construction, and Real Estate Law. The Brown Rudnick attorneys
Updated: 09/12/2011 09:19P
Brown Rudnick Berlack Israels | Brown Rudnick's London Office Adds
London, UK, September 7, 2011 -- Brown Rudnick, an international law firm with offices in the US and Europe, today announced that Alper Deniz has joined the Firm's London office as a Partner in the European Bankruptcy & Corporate Restructuring Group.
Updated: 09/12/2011 09:19P
Foley & Lardner LLP | Foley Welcomes Three Prominent Bankruptcy and Finance
SAN DIEGO – Foley & Lardner LLP announced today that Christopher Celentino, Mikel R. Bistrow and Kathryn MS Catherwood have joined the firm as partners in the San Diego office, working in the Bankruptcy & Business Reorganizations Practice.
Updated: 09/12/2011 09:19P
The Dallas Stars. (Reuters)
(Reuters) - The Dallas Stars hockey team plans to file for bankruptcy this week with a proposal for a quick sale to a Canadian businessman for about $230 million, according to sources close to the talks. The proposed sale to Tom Gaglardi,
Updated: 09/12/2011 09:17P
Devils insist team is not going bankrupt, despite report
1 and are on the verge of bankruptcy, the hockey team's business department issued an expansive statement today denying there is any valid reason for financial concern. In fact, two people familiar with the relationship between the team and its lenders
Updated: 09/12/2011 09:10P
Arends: US Recession + Default = Recovery
MarketWatch columnist Brett Arends says one for the US trigger an economic recovery is to default and declare bankruptcy. Joe Raedle/Getty Images.
Updated: 09/12/2011 08:55P
Europe Company Swap Gap to US Surges to Record: Credit Markets
In the two months before Lehman's September 2008 bankruptcy, the US index averaged 41.6 basis points wider than the European gauge. Banks and money managers are shying away from European debt as the region's finance ministers struggle to contain a
Updated: 09/12/2011 08:49P
Fry's Electronics buys Boca Fashion Village site in Las Vegas
In a late-August bankruptcy court filing, the owner of Boca Fashion Village said that under plans approved by the bankruptcy court, Fry's had purchased the Great Indoors site on June 15. Records show Fry's had agreed to buy the site for $4.66 million,
Updated: 09/12/2011 08:29P
Borders' Ann Arbor store closes
Tom and Louis Borders founded the book retailer in Arbor in 1971, and it grew to hundreds of stores nationwide. But the company ran into financial trouble after failing to adjust to the shift to digital books and online music shopping.
Updated: 09/12/2011 08:27P
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