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Kodak Looks to Restructure Business
Kodak is close to facing bankruptcy problems and has brought in outside help to restructure the company. The 131-year old staple in consumer electronics saw its shares drop 54% on Friday. With point-and-shoot cameras being replaced by mobile phones,
Updated: 10/03/2011 03:49A
WASHINGTON, DC: Barnes & Noble tries to snag Borders customers
Bookseller Barnes & Noble is trying to win over customers of its defunct rival, Borders Group Inc., after buying a list of their names in bankruptcy court. Barnes & Noble CEO William Lynch said in a letter posted on the company's website that it bought
Updated: 10/03/2011 03:14A
Chauffeur 'lied over earnings'
His actions held up the bankruptcy proceedings and meant that the income was not available to his creditors, said Laura Hobson, prosecuting. Stocking, aged 58, of Worcester Road, Ledbury, pleaded guilty to two counts of perjury.
Updated: 10/03/2011 03:12A
Eastman Kodak Shares Plummet
For those not up on their stock market euphemisms, "restructuring" is often a nice way of saying "bankruptcy." Management is still sticking to its guns and says that the company has "no intention of filing for bankruptcy" and that "there is no change
Updated: 10/03/2011 03:10A
Austerity medicine fails to cure Greek financial ills
The Finance Ministry announced Sunday that the missed target was due to a deeper-than-expected recession, with the economy contracting by 5.5 per cent instead of the 3.8 per cent estimate made in May. It implied the deficit could even exceed this level
Updated: 10/03/2011 03:06A
Autumn session opens in Belarus Parliament today.
One the most significant projects are the Bankruptcy Act. This long awaited project will be considered in the first reading today. According to its developers, all requirements of the time were taken into consideration. The autumn session promises to
Updated: 10/03/2011 03:02A
Viceroy, Lehman, Corus, Nebraska Book, Point Blank: Bankruptcy
30, the Lehman trustee likewise contends the European broker isn'ta customer under the plain meaning of the statute, although he points to different provisions in the law. The fight is over the so-called house claim that subsumed transactions where the
Updated: 10/03/2011 02:42A
Law Firm Sees More Bankruptcies in Store for Freight
restructuring or declare bankruptcy over the next 12 months as the long downturn in the freight market forces further consolidation, an industry executive told Reuters. Norton Rose, a leading law firm in the transport and commodities industries,
Updated: 10/03/2011 02:34A
Gloom in Greece
Greece will miss a deficit target set just months ago in a huge bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough. The dire forecasts came while
Updated: 10/03/2011 02:30A
Ministry Investigates Alleged Baliff Corruption Scheme
An article published by ripev on September 30 alleged that Mati Kadak, vice chairman of the Chamber of Bailiffs and Bankruptcy Trustees, also one of the Reform Party's largest private supporters, was the corrupt official who facilitated the scheme
Updated: 10/03/2011 02:06A
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