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Company in botched Conn. highway project files for bankruptcy; owes $15M to
A company that supervised the botched Interstate 84 highway widening project in greater Waterbury is seeking bankruptcy protection, listing the Connecticut Department of Transportation as its largest creditor. The Maguire Group's petition,
Updated: 11/16/2011 01:37P
Economist Monti takes on mission to rescue Italy
Mario Monti replaced Silvio Berlusconi as Italy's prime minister on Wednesday and appointed himself finance minister at the head of a technocratic cabinet to rescue the eurozone heavyweight from bankruptcy. The former European commissioner said his new
Updated: 11/16/2011 01:35P
Arkansas Bankruptcy Ruling Slows Foreclosures
Thanks to the judge's ruling, Arkansas residents in real estate and related fields are scrambling to figure out what will happen to properties foreclosed through non-judicial channels. One possibility is that more foreclosures will have to be processed
Updated: 11/16/2011 01:32P
New Greek PM wins confidence vote
A finance ministry official said the head of the global banking lobby group negotiating Greece's debt reduction is due in Athens while talks will be held over the phone with bankers in Paris and Frankfurt. International Institute of Finance managing
Updated: 11/16/2011 01:32P
Bankrupt US county's 'gold-plated' sewers spur war on water costs
The renovation of that plant years ago is what caused Jefferson County last week to file the largest-ever municipal bankruptcy in US history to settle US$3.14-billion of sewer-system debt. The project to upgrade the sewer system, started in the 1990s,
Updated: 11/16/2011 01:32P
Greece's Papademos wins confidence vote on austerity measures
REPORTING FROM ATHENS — Greece's new prime minister, Lucas Papademos, won a crucial confidence vote Wednesday on severe austerity measures to be made in exchange for more bailout funds to help the country step back from the brink of bankruptcy.
Updated: 11/16/2011 01:31P
Mastro: Ten days to surrender 83 carats in diamonds
Linda Mastro, who has been missing along with her husband bankrupt Seattle real estate developer Michael R. Mastro since June, has 30 days to appeal the decision. If she does not hand over the rings and other property, the trustee will be entitled to
Updated: 11/16/2011 01:22P
MF Global may return funds, CFTC urges vigilance
A bankruptcy judge on Thursday will consider a request by James Giddens, the trustee supervising the liquidation of the MF Global Inc broker-dealer unit, to release $520 million to between 15000 and 21000 commodities customers who held only cash in
Updated: 11/16/2011 01:21P
Greek government wins confidence vote, faces daunting task
Greece's Prime Minister Lucas Papademos (R) and Finance Minister Evangelos Venizelos (L) listen to a speaker before a vote of confidence at the parliament in Athens November 16, 2011. By Harry Papachristou and Renee Maltezou ATHENS (Reuters) - Greek
Updated: 11/16/2011 01:21P
Italy unveils crisis cabinet
Mario Monti replaced Silvio Berlusconi as Italy's new prime minister and named himself finance minister in a new cabinet unveiled yesterday, tasked with saving the eurozone heavyweight from bankruptcy. A confidence vote in parliament is expected as
Updated: 11/16/2011 01:08P
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