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Gov. Corbett signs bill approving Harrisburg takeover
He said the new law would help enforce the Act 47 program, which is designed to help financially distressed cities recover without filing for federal bankruptcy protection. "The bill signed into law today will help to enforce Act 47 when municipalities
Updated: 10/20/2011 10:36A
MC Hammer Launches 'WireDoo' Search Engine
After filing for bankruptcy in the late nineties and remaining relatively quiet, Hammer has emerged as an investor in the technology wave. He attended the Web 2.0 summit in San Francisco earlier this week to announce his new venture 'WireDoo'.
Updated: 10/20/2011 10:30A
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Russian Prime minister, Vladimir Putin, with a delegation of Ministers and top Russian corporate representatives have concluded a range of agreements with Chinese counterparts which will boost economic ties between Russia and China.
Updated: 10/20/2011 10:29A
Cagle's files for bankruptcy
Cagle's Inc., a major US chicken integrator, filed for bankruptcy protection and reorganization yesterday, according to an announcement last night. The company said the chicken industry has experienced "severe stress" for several years due to
Updated: 10/20/2011 10:28A
Court delays VTB's bankruptcy petition against car manufacturer
A commercial court has postponed until November 17 its hearing of a petition filed by VTB Bank for the Taganrog Automobile Plant's (TagAZ) bankruptcy, TagAZ's attorney told the Russian Legal Information Agency (RAPSI). VTB's bankruptcy application is
Updated: 10/20/2011 10:22A
Pennsylvania Gov. Corbett signs Harrisburg takeover bill
He said the new law would help enforce the Act 47 program, which is designed to help financially distressed cities recover without filing for federal bankruptcy protection. "The bill signed into law today will help to enforce Act 47 when municipalities
Updated: 10/20/2011 10:22A
Corbett signs Harrisburg financial emergency measure
The council majority has asked a federal bankruptcy judge to put the city under protection of Chapter 9 of federal bankruptcy law. That would protect the city from its creditors. Council is hoping at least $100 million of the debt would be forgiven if
Updated: 10/20/2011 10:19A
EU inspectors call for new £8bn Greece handout 'as soon as possible' to avoid
By This Is Money Reporter A report into Greece's debt crisis by the so-called European Troika has recommended the next installment of its aid package be paid 'as soon as possible' if the nation is to hold off bankruptcy. The report was co-authored by
Updated: 10/20/2011 10:10A
American Airlines Parent Records Another 3rd Quarter Loss
Shares of parent AMR Corp. dropped 7.5 percent, and they have fallen 66 percent this year as investors worry that the company could be headed for bankruptcy protection. AMR has nearly $5 billion in cash, more than many of its rivals and enough to avoid
Updated: 10/20/2011 10:08A
Cagle's files for Chapter 11
ATLANTA — Cagle's, Inc., a mid-size chicken processor, announced that it and its wholly-owned subsidiary Cagle's Farms, Inc. have filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Northern District of
Updated: 10/20/2011 09:52A
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