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Central Falls bankruptcy judge grants extension
CENTRAL FALLS — A federal Bankruptcy Court judge Tuesday told the city's state-appointed receiver and two of the three municipal unions he'd give them until Oct. 31 to reach concession agreements before he hears the unions' arguments that
Updated: 09/14/2011 08:03A
Central Falls residents try to organize community members in talks at Progreso
They discussed organizing research efforts about other municipalities that have gone through bankruptcy and whether their residents were able to organize and get a say in the governing process. They talked about how to organize efforts to get the
Updated: 09/14/2011 08:03A
Burger Heaven
The restaurant, owned by chef Kevin O'Connell, filed for bankruptcy in July, ending three years of serving tourists and bankers alike moderately priced bar food alongside the gilded sandwich, which we featured in our July/August issue ("The Burger
Updated: 09/14/2011 07:57A
City of Memphis to gain control of Beale Street
If approved by a bankruptcy judge, the city will gain control of the “Home of the Blues” after a dispute with the private development company that had been pegged nearly three decades ago to rehabilitate the street, according to The Commercial Appeal.
Updated: 09/14/2011 07:53A
Malkin: Obama's Big Green Boondoggles
But buried in the details of his latest government jobs bill released this week -- Spawn of the Spendulus, Porky's II, Night of the Keynesian Dead -- are yet more big green boondoggles that will reward cronies, waste taxpayer dollars and make no dent
Updated: 09/14/2011 07:41A
Gold has been most profitable since Lehman Brothers' collapse
Gold has been the most profitable investment vehicle since the collapse of Lehman Brothers Holdings in 2008, a survey showed Wednesday. According to the data compiled by the Yonhap news agency through banks and securities firms, the price of gold has
Updated: 09/14/2011 07:40A
European Markets Notably Higher
Angela Merkel has reportedly rejected the possibility of a bankruptcy for Greece or that the country may have to leave the euro zone. Meanwhile, reports said the European Central Bank has provided $575 million in 7-day dollar tender.
Updated: 09/14/2011 07:37A
Phantoms of Lehman haunt financial world
The financial world seemed to have become a safer place after US investment bank Lehman Brothers filed for bankruptcy on Sept. 15, 2008, but hidden wounds have emerged as governments of troubled countries have run out of remedies.
Updated: 09/14/2011 07:36A
Second Circuit adopts net investment method to determine net equity in Madoff
On August 16, 2011, the Second Circuit held that Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC ("Trustee"), utilized the correct methodology to determine the "net equity" of each Madoff investor under
Updated: 09/14/2011 07:34A
Court to decide on Saab's appeal in a few days
STOCKHOLM (REUTERS) - A Swedish court said on Wednesday it would decide in the next few days whether to allow struggling carmaker Saab to appeal a ruling denying it protection from creditors, with Saab almost certain to slide into bankruptcy if its
Updated: 09/14/2011 07:31A