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Barclays welcomes ruling in Lehman court battle
BARCLAYS this week defeated a bid by Lehman Brothers Holdings to recover $500m from the British bank in a dispute over the bankruptcy sale of Lehman operations in 2008. "The decision importantly confirms that Barclays acted in good faith in its
Updated: 09/16/2011 01:58A
Dems replay blame-Bush card
And all he is offering in his latest jobs bill is more of the same. The left-wing MSNBC screamers are already at it, blaming Bush tax cuts for the severity of the recession. The charge that tax cuts for big earners caused the housing collapse that
Updated: 09/16/2011 01:43A
BofA Considers Bankruptcy Option For Countrywide: Sources - Bloomberg News
(BAC) would consider filing bankruptcy for its unit Countrywide Financial Corp. if litigation losses threaten to cripple the parent, Bloomberg News reported Friday on its website, citing four unnamed sources. However, a filing isn't imminent as
Updated: 09/16/2011 01:36A
Dead Men Don't Spend
The Lehman bankruptcy was a much more important event than 9/11. It marked the end of a 60-year credit expansion. Maybe it marked the high water mark for the US empire too. And the beginning of the end for the US dollar-based world monetary system.
Updated: 09/16/2011 01:22A
Borders names new CFO as it heads toward closure
Shah, 36, has served since January 2010 as a director of AlixPartners, the turnaround firm hired to provide financial restructuring and bankruptcy reorganization services to the Ann Arbor-based bookseller. His appointment took effect last Friday,
Updated: 09/16/2011 01:15A
Ransom's, El Dorado Jacks close, file for bankruptcy
Kotlan said the city received both sales tax and alcoholic beverage sales tax from Ransom's. He said losing that revenue will have an impact on the small community just west of Lake Conroe. “I know they were one of our top taxpayers at one time,”
Updated: 09/16/2011 01:14A
Other Views: New York election, poor in America and green bankruptcy
“New York's 9th Congressional District seat — yes, the one formerly held by that sexting fool Anthony Weiner — has been held by a Democrat since 1923. That is until Tuesday night when retired Republican media executive and political novice Bob Turner
Updated: 09/16/2011 01:13A
Las Vegas Monorail Hearing Stalls
LOS ANGELES — A confirmation hearing on the Las Vegas Monorail's plans to exit bankruptcy that had been slated this week was postponed after bondholders, the insurer, and the issuer all balked. The hearing had originally been
Updated: 09/16/2011 01:12A
Greece faces another year of pain
Athens, Greece— Debt-hobbled Greece must brace for a fourth year of recession, the finance minister warned Thursday as unemployment hit a record high and the government debated new public sector cuts to secure the cash lifeline
Updated: 09/16/2011 01:05A
Global Equity Markets Party
The European Central Bank, acting in coordination with other major central banks, set off a global stock market party today as it announced plans to loan dollars to European commercial banks in an effort to offset the potential of a European credit
Updated: 09/16/2011 01:04A
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