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Families being hit hardest by bankruptcies
A total of 2428 bankruptcies were registered during the second quarter of 2011, the highest ever figure in Portugal for a three-month period. Out of this total, 1328 families lost all their assets. In comparison with 2010, the number of people filing
Updated: 11/04/2011 04:11A
Today in the press
ANGLO SEEKS JUDGMENT TO HOLD QUINN RESPONSIBLE FOR 2 BILLION DEBT - Anglo Irish Bank has asked the courts to make Sean Quinn legally responsible for more than 2 billion of debt, in a move that could clear the way for a bankruptcy action against him,
Updated: 11/04/2011 04:05A
Business briefs
Cosmetics maker Estee Lauder rose 17.9 percent to $118.92, after raising its profit forecast, boosting its dividend and setting plans for a stock split. Bank of America said it may exchange some of its preferred stock for 400 million common shares or
Updated: 11/04/2011 03:50A
Japan Starts Bailout of Tepco After Fukushima Causes More Losses
4 (Bloomberg) -- Tokyo Electric Power Co. won approval for a 900 billion yen ($11.5 billion) bailout from the government after the Fukushima nuclear catastrophe to avert bankruptcy and start paying compensation for the crisis.
Updated: 11/04/2011 03:46A
Faith in government doomed Corzine
Jon Corzine appears to have committed more than a few sins in the runup to the demise of MF Global, including possibly using client money to pay for the risky trades that forced his brokerage firm into bankruptcy over the weekend.
Updated: 11/04/2011 03:34A
Japan Starts Bailout of Tepco After Fukushima Disaster Causes More Losses
Tokyo Electric Power Co. won approval for a 900 billion yen ($11.5 billion) bailout from the government after the Fukushima nuclear catastrophe to avert bankruptcy and start paying
Updated: 11/04/2011 03:34A
Bankrupt firm needs money for flywheel plant
A company that declared bankruptcy said it needs more money from investors to build a $53 million flywheel plant in the Hazleton area. Beacon Power of Tyngsboro, Mass., filed for bankruptcy on Oct. 30.
Updated: 11/04/2011 03:19A
Company that plans to build in Humboldt files for bankruptcy
HUMBOLDT - A company that declared bankruptcy said it needs more money from investors to build a $53 million flywheel plant in the Hazleton area. Beacon Power of Tyngsboro, Mass.,
Updated: 11/04/2011 03:14A
Power company goes bankrupt
Beacon has only spent $1 million of the $24 million federal grant given for construction of the Hazleton area plant, LaVera said. Beacon owes $711872 to its largest creditor, Edwards Wildman Palmer, a Boston law firm. The bankruptcy filing said Beacon
Updated: 11/04/2011 03:13A
Second Vallejo Open Studios involves many as artists hope event improves
Now that Vallejo's crawled out of bankruptcy, it can focus on the positive stuff -- like getting a new reputation as a thriving arts community. Not that there aren't the believers already. "There are already people that consider it as
Updated: 11/04/2011 03:12A
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