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US county votes for largest municipal bankruptcy
AP Leaders of Alabama's most populous county have voted to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. Commissioner Jimmie Stephens made the motion to file bankruptcy, saying it's time to resolve the issue
Updated: 11/09/2011 07:20P
CBS 3 Springfield - WSHMAL county files for largest municipal bankruptcy
(AP) - Leaders of Alabama's most populous county have filed an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. Soon after Jefferson County Commissioners on Wednesday voted to declare bankruptcy over sewer and other debt
Updated: 11/09/2011 07:20P
Alabama County Goes Really, Really Bankrupt
Lurking in the background of this tale of financing gone awry is the county's main creditor, JP Morgan Chase & Co., but the firm insists it did everything possible to forestall the bankruptcy filing that ultimately happened on Wednesday.
Updated: 11/09/2011 07:17P
General Motors Is Struggling Overseas
Two years after its government-financed bankruptcy, the company is making billions of dollars in North America, where sales are up and consumers are paying higher prices for its vehicle. But elsewhere, with the exception of China, the company is
Updated: 11/09/2011 07:17P
Italian president tries to calm anxious markets
European finance ministers are still working on the complex details of how to increase the fund's effective lending power to over 1 trillion ($1.36 trillion) by having it partially insure government debt or by attracting outside investors.
Updated: 11/09/2011 07:12P
Alabama County Files Largest US Municipal Bankruptcy
County commissioners had reached a framework for agreement with debtholders two months ago, but could not get all parties to sign off on details nor persuade state legislators representing the county to support changes in state law to make the
Updated: 11/09/2011 06:30P
Alabama county votes to file for bankruptcy
Leaders of Alabama's most populous county have voted to file an estimated $4.1-billion bankruptcy, the largest municipal bankruptcy in US history. The Birmingham News reports the Jefferson County Commission's action came after spending about six hours
Updated: 11/09/2011 06:22P
Ala. county votes for largest municipal bankruptcy
(AP) — Leaders of Alabama's most populous county have voted to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. The Birmingham News reports the Jefferson County Commission's action came after spending about six
Updated: 11/09/2011 06:20P
Ala. county to file largest municipal bankruptcy
Leaders of Alabama's most populous county on Wednesday voted to declare an estimated $4.1 billion bankruptcy, the largest for a municipality in US history. The Birmingham News reported the Jefferson County Commission's action came after spending about
Updated: 11/09/2011 06:17P
Alabama county votes to declare largest municipal bankruptcy in US history
Leaders of Alabama's most populous county have voted to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. The Birmingham News reports the Jefferson County Commission's action came after spending about six hours
Updated: 11/09/2011 06:17P