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Bankers advise an honest conversation between customer and banker to avoid
The best advice bankers have for anyone carrying an old loan, or seeking a new one, is simple: 'Sit down and talk.' They say only a good honest conversation between customer and banker will prevent a constrained economic situation from spiralling into
Updated: 11/15/2011 10:20A
Hawaiian Telcom extends profitability streak [The Honolulu Star-Advertiser]
15 --Amid a contentious labor dispute, Hawaiian Telcom on Monday reported its third consecutive quarter of profitability since emerging from bankruptcy last fall. The $7.4 million earned by the state's largest telephone company in the third quarter was
Updated: 11/15/2011 10:13A
The Daily Docket: Lehman Reaches Deal With Trustee
Read the Daily Bankruptcy Review article here. MF Global Holdings Ltd. customers' money might have disappeared up to four days before the firm filed for Chapter 11 protection, The Wall Street Journal reports. Reuters reports that Appaloosa Management
Updated: 11/15/2011 10:11A
NJ hedge fund bought large stake in MF Global as it entered bankruptcy
By Bloomberg News Jerry McCrea/The Star-LedgerDavid Tepper, who runs Short Hills-based Appaloosa Management, bought a large stake in MF Global as the futures firm declared bankruptcy, according to a regulatory filing.
Updated: 11/15/2011 10:08A
Greece, EU showdown over bailout pledge
ATHENS - Greek conservatives set themselves on a collision course with the European Commission on Tuesday, refusing its request to sign a pledge to meet the terms of a bailout designed to save the country from bankruptcy and safeguard the euro zone.
Updated: 11/15/2011 10:04A
Greece, EU head for showdown over bailout pledge
But even before that package is finalised, the European Commission said the coalition must first commit to the deal in writing to secure an 8 billion euro loan from an earlier aid package that Athens needs to avoid bankruptcy next month.
Updated: 11/15/2011 10:00A
Bankruptcies down 14.8% in Tampa area, 8% nationally
Tampa's economy still has a climb ahead, but far fewer people and businesses are falling into bankruptcy. Last week, the Administrative Office of the US Courts issued some positive news showing bankruptcy filings
Updated: 11/15/2011 09:56A
Engineering firm buys turbine maker
The East Kilbride-based company has a "definitive agreement" to buy the firm in a deal which saves Moventas from bankruptcy. The Finnish company, which makes gears for wind turbines, has more than 1000 employees in 10 countries.
Updated: 11/15/2011 09:53A
CFTC Official: MF Global Activity Looks 'Suspicious'
A US futures regulator said on Tuesday that activity leading up to the bankruptcy of brokerage MF Global appears to be "either nefarious or illegal." Bart Chilton, a Democratic commissioner at the US Commodity Futures Trading Commission,
Updated: 11/15/2011 09:52A
Assured Will Reconsider Public Bonds Policy
Bermuda's Assured Guaranty Ltd., the only active municipal bond insurer in the US, said it will reconsider guaranteeing public bonds in states without procedures for reviewing and approving local bankruptcy petitions after filings by Alabama's
Updated: 11/15/2011 09:42A
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