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County files for bankruptcy
Alabama's most populous county filed the largest municipal bankruptcy in US history in an effort to retake control of its beleaguered sewer system and wipe away as much of its whopping $4.15 billion in debt as possible. Jefferson County's Chapter 9
Updated: 11/13/2011 03:41A
Greek government races against time
Greece's new unity government under Lucas Papademos faces a race against time to save the debt-stricken nation from bankruptcy after an historic power-sharing deal struck between warring parties. Buoyed by the change in leadership the daily Kathimerini
Updated: 11/13/2011 03:21A
Buying into long-term care
Robert Gerick, regional CEO for Vibra Healthcare, oversees two long-term acute-care hospitals in Indiana. Long-term, critical-care hospitals are nothing without skilled nurses and therapists. But they can't keep admitting patients without also having
Updated: 11/13/2011 03:20A
"Hard to imagine where money went" with bankrupt Colorado broadband provider
The Greenwood Village-based broadband provider filed for Chapter 11 bankruptcy protection Oct. 6. It continues to operate, though it is not taking new subscribers. Open Range complained in court documents that it couldn't get the spectrum it needed,
Updated: 11/13/2011 03:09A
Restoring trust is key mission
It has now been two months since the Northwest Province of Jesuits emerged from Chapter 11 bankruptcy. With the approval of the court, we have financially compensated those who were abused by Jesuits. I want to express our sincere sorrow and apology
Updated: 11/13/2011 03:04A
Airport hotels suffering as Bradley airport regroups
Twice this year, a hotel serving Bradley passengers filed for bankruptcy. In October, the Clarion Inn & Suites in East Windsor — five miles from the airport — sought protection from liabilities between $1 million and $10 million.
Updated: 11/13/2011 03:03A
MF Global's dive shows few changes
Janet Tavakoli, president of Tavakoli Structured Finance in Chicago, says the hidden debt at MF Global makes her wonder if regulators have learned anything from the financial crisis. She notes that American International Group Inc. used
Updated: 11/13/2011 02:22A
Business Briefs
Wendell Qualls, formerly of Realty Executives and RE/MAX Western Realty, has joined the staff of RE/MAX Pinnacle in Durango. Qualls was previously associated with RE/MAX from 1999 to 2007 and earned RE/MAX's Platinum Club Award and numerous 100 percent
Updated: 11/13/2011 02:03A
How JP Morgan Aided and Abetted the Largest Municipal Bankruptcy in US History
They ended up demanding, and getting, hefty bribes from big securities firms to let them become the chosen ones to run this lucrative muni finance deal. I'm not going to get into how Goldman Sachs Group Inc. (NYSE:GS) got involved in 2002 and ended up
Updated: 11/13/2011 02:01A
Italy looks to new heads in crisis
Meanwhile, US President Barack Obama said on Saturday that despite positive developments in Italy and debt-ridden Greece, much remained to be done to assure markets that Europe's vulnerable countries would be able to finance their debts.
Updated: 11/13/2011 01:35A