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Merkel urges calm and caution over Greece
BERLIN: German Chancellor Angela Merkel on Tuesday sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an “uncontrolled insolvency” must be avoided. “The top priority is to avoid an
Updated: 09/13/2011 04:53A
Study: More college grads filing for bankruptcy
“We're told that if you do go and get advanced education, you're going to be almost guaranteed this economic success,” Leslie Linfield, the group's executive director, told the newspaper. The recession proved, she said, that “higher education was no
Updated: 09/13/2011 04:50A
Unions want a bit of Saab
The company said it hopes to soon secure a 70-million bridge loan to finance itself while it reorganises. The carmaker on Monday also appealed a Swedish court ruling from last week which rejected Saab's request for bankruptcy protection.
Updated: 09/13/2011 04:45A
Bank shares plunge over Greek bankruptcy fears
The largest European banks are facing troublesome times, with the share values of many of them falling to historic lows. Increasingly, the question in the minds of investors and analysts alike concerns how much the banks could lose if Greece were to be
Updated: 09/13/2011 04:34A
Fears of Greek default slam banking sector
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 04:33A
Greek crisis: We have to stick together, says defiant Merkel
GERMANY today sought to ease fears over a possible Greek bankruptcy, with Chancellor Angela Merkel saying the 17-country euro zone had to stick together. And she added that "uncontrolled insolvency" must be avoided. "The top priority is to avoid an
Updated: 09/13/2011 04:32A
M2M helps Iridium's success
It wasn't so very long ago that Iridium, the global/mobile satellite phone and data service, was languishing in Bankruptcy Court. Now, having restructured, it is declaring more than 500000 subscribers around the world, with some 10 percent made up of
Updated: 09/13/2011 04:22A
Long-fallow golf course sold to a Canadian firm
“I'm sure it means the real estate value will go back up and I will be looking at something that's not brown.” “It's a beautiful course” with a lot of potential, said Wilf Winkauf, the new general manager and part of a group of investors from Canada
Updated: 09/13/2011 04:22A
Greece's debt hurts markets
In addition, the German economy minister published an op-ed arguing "orderly bankruptcy" of Greece must be an option. Greece has been relying on international bailouts to remain solvent. Germany's opinion on the Greek crisis is taken seriously because
Updated: 09/13/2011 04:21A
13/09/2011Merkel seeks to calm market fears over Greece
German Chancellor Angela Merkel Tuesday sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an "uncontrolled insolvency" must be avoided. "The top priority is to avoid an uncontrolled
Updated: 09/13/2011 04:20A
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