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Anger and disagreement as A-Tec sale deadline expires
The government is disagreeing over whether the Federal Industry-Holding Stock Corporation (IAG) should get involved in the handling of a major bankruptcy to save jobs. Social Democratic (SP) General Secretary Gnther Kruter suggested yesterday (Sun)
Updated: 10/03/2011 08:46A
Greek bailout could cost US big-time
Or saving Greece from bankruptcy? If you're a European businessman or banker, the answer is obvious: Bankruptcy is scarier. If Greece cannot pay its debts, Greece will likely quit the euro. By quitting the euro, Greece would regain the power to print
Updated: 10/03/2011 08:39A
Dex One looks to save cash
The company (NYSE: DEXO) was exercising an option in a $300 million series of bonds it issued upon reemerging from Chapter 11 bankruptcy reorganization early last year. The 12 percent bonds cary semi-annual interest payments of $18 million cash,
Updated: 10/03/2011 08:34A
Greece lights fire under gold
LONDON — Gold headed for its largest one-day rise in nearly a month on Monday, after Greece warned it will miss deficit targets set to avoid bankruptcy, which unleashed a sell-off in equities and commodities. European equities slid by
Updated: 10/03/2011 08:30A
TN truck stop got stimulus after filing for bankruptcy
An East Tennessee truck received hundreds of thousands of dollars in stimulus funds after it filed for bankruptcy. The Tennessean reports that the TR Auto Truck Plaza in Dandridge received a $424000 federal stimulus grant to put in a new
Updated: 10/03/2011 08:07A
Kodak seeks legal advice about bankruptcy
Eastman Kodak 's decision to retain the law firm Jones Day, well-known for handling bankruptcy protection cases, has led to speculation that the company is planning on filing for bankruptcy protection. News of Eastman Kodak's hiring of Jones Day sent
Updated: 10/03/2011 07:58A
Netanyahu: We will change national priorities
"If we are irresponsible, we could definitely bring Israel to the situation of many countries that are on the verge of bankruptcy." The cabinet is meeting today to discuss the Trajtenberg committee recommendations, and, in a last-minute U-turn,
Updated: 10/03/2011 07:58A
Deloitte sued for $7.6 billion after ignoring 'red flags' in TBW fraud
TBW's bankruptcy trustee Neil Luria and TBW subsidiary Ocala Funding filed the suits in Miami Circuit Court on September 26, suing for losses sustained when TBW collapsed in 2009. Luria, acting on behalf of TBW creditors, is asking for $6 billion in
Updated: 10/03/2011 07:48A
The many pros and one big con of a Greek bankruptcy
These are stories Report on Business is following Monday, Oct. 3. Get the top business stories through the day on BlackBerry or iPhone by bookmarking our mobile-friendly webpage. The draft budget unveiled in Athens today illustrates the extent to which
Updated: 10/03/2011 07:48A
7 Stocks to Watch: Kodak, Yahoo!, S1
NEW YORK (TheStreet) -- Digital company Eastman Kodak(EK) issued a statement denying reports that it was weighing filing for bankruptcy protection. Shares were surging 44.9% to $1.13 in premarket trading Monday.
Updated: 10/03/2011 07:44A
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