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Breakthrough nears in Greek unity talks
Hopes rose on Wednesday for a breakthrough on a Greek unity government and a new leader after three days of talks under mounting international pressure heightened by the spectre of bankruptcy. Outgoing Prime Minister George Papandreou was to meet the
Updated: 11/09/2011 10:01A
Greece stalls on EU bailout deal
(Source: Belfast Telegraph)Greece's power-sharing government stalled before it had started yesterday as the main parties struggled to agree to written guarantees demanded by the EU in return for loans to avoid bankruptcy. Lucas Papademos, the former
Updated: 11/09/2011 09:57A
Can Bankrupt Stocks Make You Rich?
Most of the time, a bankruptcy filing is the kiss of death for shareholders. Every once in a while, going through bankruptcy actually helps stock investors -- and the rewards can prove very lucrative.
Updated: 11/09/2011 09:52A
Greece to announce new coalition government
Greek political leaders will announce a new coalition government today, but there is still no indication of a deal on a new prime minister to lead the country back from the brink of bankruptcy. In the past two days government sources
Updated: 11/09/2011 09:47A
MF Global Staff Await Fate Sans Corzine
MF Global staff in London, which employs 700, and Hong Kong, which has about 90, will get paid according to bankruptcy laws in those locations. If MF Global doesn't notify them of mass layoffs, employees can bring a WARN (Worker Adjustment and
Updated: 11/09/2011 09:42A
Dynegy shares rise after bankruptcy filing
The Houston-based power supplier's holding company had a unique bankruptcy filing, which aims to protect shareholders more so than bondholders. Reuters reports Dynegy Holding's bankruptcy could allow Dynegy to break leases on some powerplants and lower
Updated: 11/09/2011 09:39A
Europe's debt crisis: What's next for Italy and Greece?
Italy and Greece are working to cobble together interim governments to avoid bankruptcy as Europe's debt crisis rolls on. By Robert Marquand, Staff writer / November 9, 2011 Presidential guards march past newspapers outside a kiosk in Athens, today.
Updated: 11/09/2011 09:19A
Government proposes making it easier to wind up companies where there is no
The proposal forms part of a consultation to streamline the system for bankruptcy and company winding-up petitions where there is no dispute between the parties. Moving away from the current court-based insolvency system has the potential to save the
Updated: 11/09/2011 09:11A
Braxton Family Values: Tamar's Best Money Advice; Toni's Recovery From Bankruptcy
Braxton: The No. 1 priority is to complete my album and fulfill my dream. One of my other passions is talking to and empowering young women by teaching them about self-esteem, the importance of education and choosing a [career path] for their lives.
Updated: 11/09/2011 09:04A
Bank of Montreal division plays role in MF Global mess
Late last week it appeared some of the missing money was found in an account MF Global has with JPMorgan Chase, which provided back-office and cash management operations for the now-failed firm. But it is not clear whether any of that money constitutes
Updated: 11/09/2011 08:56A
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