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Bloomberg: Countrywide bankruptcy is Bank of America's 'nuclear option'
Bank of America CEO Brian Moynihan said he would not rule out putting Countrywide Financial into bankruptcy. Bank of America Corp. (NYSE: BAC) chief executive Brian Moynihan recently would not rule out the idea of putting Countrywide Financial into
Updated: 09/16/2011 10:00A
SWEDEN: IF Metall to file for "painful" Saab bankruptcy unless Court allows appeal
Saab's main blue-collar union says unless the automaker is allowed voluntary reorganisation by 20 September, it will take the "painful decision" to file for its bankruptcy. The move by the Union, which represents around 1500 members, was taken today
Updated: 09/16/2011 09:51A
HPI Electronics & Cables files for bankrupcy
HPI has filed for bankruptcy and plans to liquidate the business. HPI had an operating loss of DKK 9,2 million (EUR ) in 2010. They have since then not managed to reverse the trend and current operations are no longer possible.
Updated: 09/16/2011 09:51A
Small Investor Smacks Down Crony Capitalists for $3.3 Billion
Perhaps the most despicable form of crony capitalism has been on display in US Bankruptcy Courts; where rich and powerful “vulture capital” hedge funds and their high end law firms have been able strip assets in numerous bankruptcies at the expense of
Updated: 09/16/2011 09:50A
IF Metall to file for bankruptcy if no appeal
Saab's main blue-collar union says unless the automaker is allowed voluntary reorganisation by 20 September, it will take the "painful decision" to file for its bankruptcy. The move by the Union, which represents around 1500 members, was taken today
Updated: 09/16/2011 09:49A
Reports of the death of solar power are greatly exaggerated
US solar company Solyndra filed for bankruptcy recently, but should not be read as the death of the US solar industry. Photograph: Robert Nickelsberg/Getty Images The solar company Solyndra recently filed for bankruptcy, which media reports have
Updated: 09/16/2011 09:41A
Austrian minister criticizes Geithner intervention
WROCLAW, Poland (AP) - Austria's finance minister is criticizing US Treasury Chief Timothy Geithner for lecturing the eurozone on its crisis strategy but refusing to listen to the currency union's suggestions. Maria Fekter says Geithner in "very
Updated: 09/16/2011 09:41A
Solyndra Obama's Enron
Why did the White House force this decision on the first loan approved under their Stimulus Bill? They pressured the OMB to make a call in favor of the loan before they felt comfortable so that Vice President Biden could announce the approval at the
Updated: 09/16/2011 09:33A
Borders Goes Dark Today
It's the end of the road for Borders Books & Music in at the Wynnewood Shopping Center. Though spared in February when the Borders Group filed for Chapter 11 bankruptcy—closing 200 stores across the nation—it and the other 398
Updated: 09/16/2011 09:31A
Free bankruptcy seminar in Hopatcong
Project Self-Sufficiency provides a variety of legal services to participants, including one-on-one consultations, pro se divorce workshops, legal clinics for assistance with the preparations of family law motions, and monthly legal forums.
Updated: 09/16/2011 09:29A
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