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Sale saves firm from bankruptcy
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: 11/16/2011 03:01A
Room for improvement
The Northern Ireland Insolvency Service described the proposed challenge by Anglo Irish Bank to Sean Quinn's Belfast bankruptcy order as "unprecedented" with pundits predicting that it could prompt a reconsideration of European law.
Updated: 11/16/2011 03:01A
MF Global Bankruptcy Will Have Repercussions for Grain Markets
MF Global filed for bankruptcy on Oct. 31 after unsuccessfully attempting to sell assets the prior weekend. This is the seventh largest bankruptcy filing in US history has and will continue to impact grain markets Farm Progress Market Analyst Arlan
Updated: 11/16/2011 02:54A
Local Colleges May Drown in Debt
Local governments are encouraging them to sell off land to avert bankruptcy, but some analysts say that students ought to prepare for the worst. By Kang Yi (??) The ministries' report said that the universities themselves should bear responsibility
Updated: 11/16/2011 02:44A
Greece and EU head for showdown over bailout
But even before that package is finalized, the European Commission said the coalition must first commit to the deal in writing to secure an $11-billion loan from an earlier aid package that Athens needs to avoid bankruptcy next month.
Updated: 11/16/2011 02:24A
Postal Service logs $5.1B loss
AP WASHINGTON — The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use
Updated: 11/16/2011 02:21A
Post office losses mount
WASHINGTON — The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept.
Updated: 11/16/2011 02:18A
Wednesday Newspaper Review - Irish Business News and International Stories
The astonishing claims are contained in Mr Quinn's bankruptcy petition filed at the High Court in Belfast last week. But Anglo Irish Bank has alleged in actions in several countries that the Quinn family has been involved in a conspiracy to move up to
Updated: 11/16/2011 02:13A
Krasbank declared bankrupt
A Moscow commercial court satisfied an application by Krasbank's bankruptcy manager to declare the bank bankrupt, the court told the Russian Legal Information Agency (RAPSI) on Tuesday. Commercial Bank Krasbank operated on the banking market since 1991
Updated: 11/16/2011 02:07A
Postal Service's first-class problem
AP WASHINGTON – The US Postal Service said Tuesday it has lost $5.1 billion in the last year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use
Updated: 11/16/2011 02:01A
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