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The good corporate citizen
In 1995, Malden Mills, a fabric manufacturer in Lowell, Mass., burned down. CEO Aaron Feuerstein decided not only to rebuild, but pay the workers during the rebuilding. There was a lot of publicity from that compassionate act.
Updated: 09/13/2011 03:05A
Greek debt default: Markets in chaos as Greece lurches closer to the abyss
Stock markets and the euro tumbled as debt-riddled Greece lurched towards bankruptcy. More than £22billion was knocked off the value of Britain's blue-chip companies on a day of turmoil in dealing rooms across Europe. French bank shares dived more than
Updated: 09/13/2011 03:04A
What the latest stock market crisis means for you
It is now perilously close to bankruptcy, which would plunge the bond world into crisis, bring the Euro to a tipping point, and have far-reaching consequences. The reaction from the markets has been swift and painful, and yesterday saw £22 billion
Updated: 09/13/2011 02:48A
US officials launch bid to seize Drumm's properties
Drumm is accused of orchestrating a series of transfers to dilute and hide his interests in the real estate. "All of the funds used to acquire the Wellesley property were derived solely from the debtor (Mr Drumm),'' states the complaint.
Updated: 09/13/2011 02:47A
Fear of Greece default strikes markets
In addition, the German economy minister published an op-ed arguing that an "orderly bankruptcy" of Greece must be an option. Greece has been relying on international bailouts to keep it solvent. Germany's opinion on the Greek crisis is taken seriously
Updated: 09/13/2011 02:37A
Dispute missed loan payment story
1 loan payment and could be forced into bankruptcy protection. The New York Post reported that the three-time Stanley Cup champions' financial hardships also could affect the Prudential Center, their arena in Newark. Team-owned Devils Arena
Updated: 09/13/2011 02:36A
Deparature of Rawitch, VP of communications, is latest blow to foundering
Still, even during a time of bankruptcy and anticipated upheaval in the coming months, this organization does have its immovable fixtures, most of them with names like Scully and Jarrin. In the eight seasons I have spent covering the team,
Updated: 09/13/2011 02:34A
Greece, Europe struggle to contain debt crisis
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. Fears Greece will default on its debts and signs of division among European policymakers on how
Updated: 09/13/2011 02:30A
Finding Value Among Regional Airlines
One sector has not been accurately modeled: Altman's Z-score has not accurately predicted the bankruptcy risk of financial companies. Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72
Updated: 09/13/2011 02:29A
Greek, German finance ministers to hold talks in struggle to contain financial
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. Fears Greece will default on its debts and signs of division among European policymakers on how
Updated: 09/13/2011 02:15A
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