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Clinging to a Bankrupt Monetary System
“If ideas could file for bankruptcy,” James Grant muses in the latest edition of Grant's Interest Rate Observer, “the modern model of money and banking would have beaten MF Global Holdings to the courthouse. The concept of leveraged finance in a world
Updated: 11/15/2011 03:03P
Top 5 Things This Dodgers Fan Wants from a New Owner
Owner divorce drama, MLB take-over and team bankruptcy all distracted us (and the players) from what's really important, winning games. Panorama of Dodger Stadium in Los Angeles (taken from third or fourth deck). Now we are all looking to the future as
Updated: 11/15/2011 03:03P
Expert says Harrisburg takeover will likely trump bankruptcy
And I frankly think, under Pennsylvania law, Harrisburg is not," Brandt says. He says whomever might be appointed by Governor Corbett to control Harrisburg's finances would have more power than a bankruptcy judge to affect the city's structure and
Updated: 11/15/2011 03:02P
American Air stock slips on lack of pilot contract
The third-largest US airline, which some analysts' estimates is a candidate for bankruptcy, cannot continue without a Chapter 11 filing if its labor costs remain higher than piers. Some industry watchers have been looking for a contract with the Allied
Updated: 11/15/2011 03:01P
Tribune Noteholders Ask for Changes in Bankruptcy Ruling
Americas and Law Debenture Trust Co. of New York asked US Bankruptcy Judge Kevin Carey to reconsider a handful of the rulings he made in the 125-page Oct. 31 decision. The groups also formally notified the court in Wilmington, Delaware,
Updated: 11/15/2011 03:00P
InCharge Launches Mobile Website for Debt-Stressed Consumers
15, 2011 /PRNewswire via COMTEX/ -- Consumers can get financial information and seek expert advice from Certified Credit Counselors using their smart phones Consumers struggling with high credit card debt, contemplating bankruptcy or facing home
Updated: 11/15/2011 03:00P
Abbott Homes affiliates file for bankruptcy protection
Two affiliates of Abbott Homes of Boston filed for Chapter 11 bankruptcy protection Tuesday to head off planned foreclosure auctions slated for dozens of development parcels in Gloucester and Mattapoisett. The filings indicate Abbott Magnolia LLC and
Updated: 11/15/2011 02:58P
No deal with pilots, AMR shares fall again
Brokerage firm Sterne Agee downgraded AMR on Monday, saying that the impasse was raising the chances that AMR would file for bankruptcy protection. Fitch warned that it could soon cut AMR's credit ratings even further into junk-bond territory.
Updated: 11/15/2011 02:51P
Posted: November 15, 2011 - 2:30 pm ET
The two hospitals that make up HMC filed for Chapter 11 protection in US Bankruptcy Court in Honolulu in June. HMC owes MidCap Financial a combined $33.8 million on three debt instruments, according to an exhibit to the sales agreement between MidCap
Updated: 11/15/2011 02:46P
Steve King (R-IA) on Competing with China: When It Comes to Clean Energy
Not long after the bankruptcy of Solyndra, Florida Republican Congressman Cliff Stearns said he didn't believe the US could compete with China in renewables. “Green energy isn't going to be the solution” to
Updated: 11/15/2011 02:43P