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Postal Service losses mount
By Hope Yen 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 06:10A
MF Global Collapse Could Become Litigation Nightmare
After the MF Global bankruptcy, Corzine declined to take his $12 million severance pay. Legal experts say Corzine could be held personally liable for misrepresenting to investors the risks that the firm had taken. MF Global didn't list the European
Updated: 11/16/2011 05:48A
Greek conservative leader Samaras will back unity govt
ATHENS Nov 16 (Reuters) - Greek conservative leader Antonis Samaras said on Wednesday he would give his vote of confidence to the new unity government to unblock a sixth tranche of aid the country needs to avert bankruptcy. Samaras has refused to sign
Updated: 11/16/2011 05:27A
Greece edges closer to EU exit
Greek conservatives set themselves on a collision course with the European Commission on Tuesday, saying they would not bow to "dictates from Brussels" over a bailout designed to save their country from bankruptcy and safeguard the euro.
Updated: 11/16/2011 05:26A
Municipal bankruptcies soar in the United States
In 1934, at the height of the Great Depression, the US Congress wrote a special bankruptcy law for municipalities, including cities, townships, school districts and county governments. There have been about 500 such bankruptcies since then.
Updated: 11/16/2011 05:14A
Solar Energy's Post-Solyndra Image Problem
Is it 'the energy of the future' or 'bankruptcy' or maybe even 'waste of American taxpayers' money'? Until not too long ago, the answer would be probably be the former rather than the latter. Yet, in the post-Solyndra era it looks like not just
Updated: 11/16/2011 05:11A
US regulator digs in at MF Global
MF Global, which lost on big bets on European debt, filed for bankruptcy on Oct. 31 after a deal to sell itself to Interactive Brokers Group fell apart. A huge shortfall was discovered in the customer accounts of the company's brokerage,
Updated: 11/16/2011 05:08A
Greece's new PM faces confidence vote, as Athens launches debt writedown talks
Greece is at the heart of a vicious debt crisis that has brought it to the brink of bankruptcy. In return for bailout loans, the previous Greek government had to force through a deeply resented austerity program, which has seen repeated cuts in
Updated: 11/16/2011 04:58A
New Greek PM expected to win confidence vote
Greece is at the heart of a vicious debt crisis that has brought it to the brink of bankruptcy. In return for bailout loans, the previous Greek government had to force through a deeply resented austerity program, which has seen repeated cuts in
Updated: 11/16/2011 04:55A
Bailout v/s bankruptcy- Which one is better?
In simple terms, a bailout is a situation where in a failing business is saved from bankruptcy by capital infusion, usually by the government. Back in 2008, when the Indian markets crumbled on the back of the US financial crisis, the government bailed
Updated: 11/16/2011 04:44A
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