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Lucas Papademos sworn in as new Greek PM
Athens: Technocrat Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis. At a colourful swearing-in ceremony,
Updated: 11/11/2011 10:42A
Mobihand Possibly Nearing Bankruptcy: Doesn't Pay Developer(s)
We've also heard that some big developers are seeing tremendous drops in their royalties from Mobihand. Some big titles are seeing a drop of 40% per month. In the end, all signs point to the company being on a path to bankruptcy.
Updated: 11/11/2011 10:41A
Largest municipal bankruptcy in US history
Jefferson county, Alabama has filed for bankruptcy as a result of a failure to come to agreement with creditors on a $3.14 billion sewer debt. Federal Judge Thomas Bennett in Birmingham set a December 15 deadline on Thursday for a hearing on whether
Updated: 11/11/2011 10:40A
Libre: Greece's fall
The nation wallows in the brink of bankruptcy, a situation that had occurred in December 1893 and three previous times during the 19th century. Add to that another default on its foreign debt in 1932. Now using the euro, the currency shared by 17
Updated: 11/11/2011 10:39A
Directors and officers insurers to pay $31.7M in Lehman mortgage settlement
(Reuters)—Lehman Brothers Holdings Inc., which hopes next month to win court approval of its bankruptcy reorganization, agreed to a $40 million settlement of investor lawsuits that claimed $7.7 billion of damages from mortgage debt.
Updated: 11/11/2011 10:33A
White House giving in on Solyndra?
Fred Upton, R-Mich., chairman of the House energy and commerce committee, and Cliff Stearns, R-Fla., chairman of an investigative subcommittee, said the White House was "sadly" holding back documents related to the Solyndra loan. Last week, they issued
Updated: 11/11/2011 10:31A
Family business declared bankruptcy
Sean Quinn, who was once Ireland's richest man, has applied for bankruptcy seven months after he lost control of his family business Quinn Group. Sean Quinn, who was once Ireland's richest man, has applied for bankruptcy seven months after he lost
Updated: 11/11/2011 10:30A
Minn. firm takes control of 2 NW Indiana casinos
AP A Minnesota investment firm has taken over two northwestern Indiana casinos as the casino company continues going through bankruptcy reorganization. The Indiana Gaming Commission on Thursday approved the transfer of licenses for the Majestic Star
Updated: 11/11/2011 10:25A
Crisis Greek cabinet takes over to avert bankruptcy
Greece's new unity government under interim Prime Minister Lucas Papademos was sworn in on Friday to ratify a crucial EU bailout deal and pull the country back from the brink of bankruptcy. Finance Minister Evangelos Venizelos, 54, kept his post in the
Updated: 11/11/2011 10:25A
New Greek PM Papademos sworn in
New Greek interim Prime Minister Lucas Papademos was sworn in on Friday at the head of a unity government tasked with ratifying a key EU bailout deal and saving the country from bankruptcy. -- PHOTO: AP ATHENS (REUTERS) - Technocrat Prime Minister
Updated: 11/11/2011 10:21A
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