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Europe warns debt crisis dragging it towards recession
ROME (AFP) - Italian lawmakers begin Friday to vote on a series of austerity measures designed to fend off bankruptcy as Europe's worsening debt crisis threatens a new, region-wide recession. Greece will also Friday swear in a new unity government to
Updated: 11/11/2011 12:28A
Lights out for Evergreen Solar
Most of the Marlboro solar panel maker's assets were sold off in bankruptcy court yesterday for $34.5 million — eliminating Evergreen's remaining jobs as soon as next week because none of the buyers want to keep the business going.
Updated: 11/11/2011 12:27A
Jefferson County Bankruptcy No Reason to Flee Munis
This week's bankruptcy filing by Jefferson County, Ala., was as widely anticipated as the filing by MF Global at the end of October was sudden and shocking. That's just one reason why the nearly $3 trillion muni bond
Updated: 11/11/2011 12:25A
Majestic Star licenses transfer to bankruptcy creditors
Introducing himself to the commission, Wayzata CEO Patrick J. Halloran said he and another Wayzata executive will sit on the five-member new Majestic board of directors as it emerges from bankruptcy. “We want to get the company out of bankruptcy and
Updated: 11/11/2011 12:24A
MF Global Trustee Finds $567 Million Of The Lost Cash At JP Morgan
Six days after the House of Morgan said it did not have the segregated customer accounts of the bankrupt MF Global, the Trustee in bankruptcy has informed a group of traders trying to get their money back that yes, indeed, 88% of the missing $630
Updated: 11/11/2011 12:23A
Kingfisher defends viability; shares slump on concerns
MUMBAI: Kingfisher Airlines is still a viable business and there is no dispute over its survival, its Chief Executive said on Friday, in an effort to dismiss widespread speculation that the cash-strapped airline was staring at bankruptcy.
Updated: 11/11/2011 12:20A
Kingfisher Airlines defends viability; shares slump on concerns
MUMBAI: Kingfisher Airlines is still a viable business and there is no dispute over its survival, its Chief Executive said on Friday, in an effort to dismiss widespread speculation that the cash-strapped airline was staring at bankruptcy.
Updated: 11/11/2011 12:20A
Jefferson County's Bankruptcy Another Blow to Long-Suffering Birmingham
Birmingham is also the seat of Jefferson County, which filed the biggest municipal bankruptcy in US history under the burden of more than $3 billion of sewer-system debt. The so- called Magic City may need a big trick to persuade residents and
Updated: 11/11/2011 12:19A
MF Global Clients Frustrated as Bankruptcy Keeps Assets and Options Frozen
Frustrated by a lack of legal options to reclaim frozen funds and dead-end inquiries to call centers and hotlines since MF Global's Oct. 31 bankruptcy, many are not able to trade and say they've lost faith in retail brokerages and the regulatory system
Updated: 11/11/2011 12:18A
New prime minister revives optimism in Greece
The Associated Press ATHENS, Greece — Senior banker Lucas Papademos was appointed prime minister Thursday of an interim Greek unity government that seeks to cement a European debt deal and stave off national bankruptcy. Chosen after four tortuous days
Updated: 11/11/2011 12:17A
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