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Philly newspapers cutting about 20 jobs; cite ad drop
AP PHILADELPHIA — Philadelphia's two largest newspapers are cutting about 20 positions, citing a double-digit drop in advertising revenue. The local Newspaper Guild says it was told the cuts include three photographers, along with library, computer,
Updated: 09/13/2011 03:39P
Treasury Department auctions $21B of 10-year notes at record low yield as
By AP, WASHINGTON — The Treasury Department has auctioned ten-year notes at a record low yield as Europe's financial problems feed demand for lower-risk investments. Treasury sold $21 billion of notes at a yield of 2 percent Tuesday.
Updated: 09/13/2011 03:35P
Greece Default, New Crisis Essential For Europe's Economic Recovery – Analysis
Greece is on the verge of bankruptcy. This week, European Commission experts will arrive in Greece to work with its government on a new set of to help the country meet the criteria for receiving another bailout from the European
Updated: 09/13/2011 03:32P
Chemetco smelter site added to Superfund list
The site, two miles south of Hartford, was a secondary copper smelter from 1969 to 2001 before filing for bankruptcy. More than 500000 cubic yards of processing slag, sludge and other hazardous materials were left on-site. Now that the site is on the
Updated: 09/13/2011 03:32P
Judge approves legal fees in Fair Finance case
A US bankruptcy judge in Ohio has approved payment of $1.7 million in legal fees and expenses to lawyers working on the massive fraud case involving indicted Indianapolis financier Tim Durham. Chief Judge Marilyn Shea-Stonum signed off on the payout
Updated: 09/13/2011 03:30P
Dutch banks, finance ministry are prepared for Greek bankruptcy
After being pressed, De Jager admitted that talks on a potential bankruptcy are being held in 'deepest secrecy' with the central bank and other European countries. 'A sensible cabinet is prepared for all eventualities,' he said.
Updated: 09/13/2011 03:28P
Philly newspapers cuts about 20 jobs; cite ad drop
The local Newspaper Guild says it was told the cuts include three photographers, along with library, computer, advertising and graphics jobs. Creditors bought The Philadelphia Inquirer and Philadelphia Daily News at a bankruptcy auction last year.
Updated: 09/13/2011 03:26P
More College Grads Defaulting on Student Loans, Filing Bankruptcy
According to recent reports, student loan defaults are on the rise, as are the number of college graduates filing for bankruptcy. According to the Department of Education, 8.8% of all student-loan borrowers defaulted in the last fiscal year,
Updated: 09/13/2011 03:25P
Inner City Reaches Deal With Creditors
By Reuters NEW YORK (Reuters)—Inner City Media Corp., a trailblazing radio company in New York targeting African-Americans, said it has reached an agreement with its senior lenders to file a bankruptcy exit plan by mid-October.
Updated: 09/13/2011 03:21P
US approves rule on bank bankruptcy
WASHINGTON: US regulators approved on Tuesday a rule requiring 37 large US and foreign financial institutions to submit plans to allow for their orderly dismantlement in case of bankruptcy. In the wake of the 2008-2009 financial crisis,
Updated: 09/13/2011 03:21P
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