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Rivals vie for derivatives connection
The US broker went into bankruptcy on October 31 after rating agencies downgraded its debt to junk status and trading partners demanded more cash to guarantee transactions. These events followed a $187m third-quarter loss on the back of European
Updated: 11/13/2011 07:04P
They can't accept new status
"It has become too easy for someone to obtain a bank loan to purchase luxury cars that they actually cannot afford to pay for." Karim added that good financial education for the young was necessary to combat a wider consumer culture in general.
Updated: 11/13/2011 07:03P
Bankrupt firm seeks OK to hire lobbyists despite debt
Open Range won a $267 million loan guarantee from the US Department of Agriculture's rural-development division in the waning days of the Bush administration. The company planned to provide wireless broadband services in hundreds of rural communities.
Updated: 11/13/2011 06:45P
'Imran has emerged as third option'
Addressing a press conference here on Sunday, he said corrupt politicians had brought the country to bankruptcy, so strict action should be initiated against them as a matter of public interest. He said the government had miserably failed to control
Updated: 11/13/2011 06:41P
Monti tipped to lead Italy
Italy held talks on a new government Sunday after Silvio Berlusconi's resignation as ex-European commissioner Mario Monti prepared to take over to try and avert bankruptcy for the eurozone heavyweight. The 68-year-old economist was set to be nominated
Updated: 11/13/2011 06:36P
Imran brought third option for people: Rashid
PRESIDENT Awami Muslim League Shaikh Rashid urged Chief Justice of Pakistan for declaring corrupt politicians ineligible to contest polls. Addressing a press conference here on Sunday, he said the corrupt politicians had brought the country to
Updated: 11/13/2011 06:04P
A&P contract talks deteriorate as bankruptcy filing nears
The parent of A&P supermarkets – as well as Pathmark, Waldbaum's, Food Emporium, Food Basics and SuperFresh stores – planned to file its bankruptcy reorganization plan by Monday. But the United Food and Commercial Workers Local 464A, which is based in
Updated: 11/13/2011 05:42P
Wave of Bankruptcies in Bulgaria
It appears that a wave of bankruptcies has hit Bulgaria at the end of 2011. The number of bankrupt companies is expected to increase by the staggering 40% year-on-year by Christmas. This negative tendency owes itself in part to the widening financial
Updated: 11/13/2011 05:17P
MMA Link Club: Top Stories for Week of November 6th
“Some interesting movement in the Chapter 11 Bankruptcy case of sport drink manufacturer Xyience. Last week, Forbes reported that Fertitta Enterprises was sanctioned by the Bankruptcy Court in Nevada for failing to provide certain information
Updated: 11/13/2011 05:10P
LA Dodgers Ask for Separate Bids on Team, TV Rights
13 (Bloomberg) -- The Los Angeles Dodgers, the Major League Baseball team being sold in bankruptcy, may seek bids for future television rights under a proposal that could trigger a court fight with current rights-holder News Corp.'s Fox Sports.
Updated: 11/13/2011 05:08P
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