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General Motors: Short Term Sell, Long Term Buy
On the one hand you have strong revenue and growth across the board; while on the other hand you have a company that filed for bankruptcy in 2009 and bailouts in 2008 and 2009. With that in mind we are over two years removed from the last of GM's
Updated: 11/10/2011 03:34P
A Third Alternative in Pakistan
Extremism, corruption and communalism have brought Pakistan to the verge of bankruptcy. People have lost faith in the two major political parties: the Pakistan People's Party (PPP) and Pakistan Muslim League (PML). An additional reason people have
Updated: 11/10/2011 03:30P
Bankruptcies on the rise in BC
VANCOUVER — Bankruptcies are on the rise in BC, with the total number reaching 719 in August, up 10.6 per cent from 650 in July. However, a survey by the country's bankruptcy superintendent also
Updated: 11/10/2011 03:29P
Clients Who Fled MF Global Face Claw-Back Risk
Ronald Filler, a professor of law at New York Law School who also worked on the Lehman Brothers bankruptcy, said that to the best of his knowledge, case law on this matter is nonexistent. In the cases of Lehman Brothers, Bear Stearnsand former FCM
Updated: 11/10/2011 03:27P
Alabama City 'Lucky' to Sell Bonds Before Jefferson Bankruptcy
The market had already considered Jefferson County's financial distress when pricing Leeds's bonds, said Paul Woodall, a Birmingham-based partner at the Jones Walker law firm who helped with the city's deal. The bankruptcy has so far had little impact
Updated: 11/10/2011 03:26P
Alabama Bankruptcy Filing Is a Painful, but Not the Last, Chapter
In choosing municipal bankruptcy as an alternative to protracted negotiations with creditors on $3 billion in sewer debt, Jefferson County, Ala., officials will start a new round of what is likely to be more
Updated: 11/10/2011 03:26P
Attorney General Begins Distributing $2 Million After Resolution Of Case
Restitution will be available for consumers who purchased goods such as laptop computers from Britlee or other Tennessee vendors and used Rome for their financing of the sales. As part of the agreements, the soldiers are allowed to keep their laptops
Updated: 11/10/2011 03:24P
Jefferson County makes biggest bankruptcy filing ever
Unable to repay creditors a debt of over $3 billion, Jefferson County, Alabama filed for bankruptcy yesterday, the largest filing of its kind in American history. Jefferson, the most populated county in all of Alabama, had acquired tremendous debt in
Updated: 11/10/2011 03:20P
Europe's Creditanstalt Moment: News Analysis
So the European contagion is likely to progress to the point of bankruptcy, and DeLong's Creditanstalt analogy may be apt. It is sobering to consider that the economic weakness that gave rise to the Great Depression in turn led to fascism,
Updated: 11/10/2011 03:16P
Former banker tasked with saving Greece
A former top banker has been tasked with saving Greece's economy and saving the country from default, bankruptcy and an exit from the eurozone. Former European Central Bank vice president Lucas Papademos has been named as the country's new prime
Updated: 11/10/2011 03:15P
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