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US debt situation worse than Europe's, suggests DeMint
“We have federal debt, we have state debt, we have municipal debt, we have counties declaring bankruptcy and we have states approaching bankruptcy.” “[Y]et we continue to spend more now than we did last year,” said DeMint with raw frustration evident
Updated: 11/16/2011 05:12P
DeMint: US in some ways 'worse off than Europe'
“In reality in some ways our country is worse off than Europe,” said DeMint referring the economic turmoil that has swept the continent. “We have federal debt, we have state debt, we have municipal debt, we have counties declaring bankruptcy and we
Updated: 11/16/2011 05:12P
Judge sets new liquidation deadline for bankrupt Mexican airline
Mexico City – A Mexican bankruptcy judge has pushed back a deadline for investors to recapitalize beleaguered airline Mexicana de Aviacion until Feb. 10, 2012. Judge Felipe Consuelo Soto said the extension of the deadline will enable the carrier to
Updated: 11/16/2011 05:10P
AMR, pilots still in stalemate; shares tumble
Shares of American Airlines parent AMR Corp fell Wednesday as the carrier and its pilots union considered a way out of the labor dispute that some experts say could tip the company into bankruptcy. Directors of AMR and the Allied Pilots Association
Updated: 11/16/2011 05:08P
How to Save the Futures Industry
What began as an excuse to extol the segregated account's safeguards against an FCM stock slide as MF Global shares lost 70% of their value in a week rapidly morphed into a full-fledged industry disaster as bankruptcy papers were filed and executives
Updated: 11/16/2011 05:01P
CCZ sounds warning bells
“We do not want consumers to take loans in the month of January from loan sharks who charge exorbitant interest rates, so people must spend wisely during the holidays,” she said. The price of basic commodities has risen in the recent past.
Updated: 11/16/2011 05:01P
A Tale of Two Technologies
On the one hand, Energy Conversion Dynamics became the latest green energy company to flirt with bankruptcy, after benefiting from stimulus spending. On the other, oil and gas giant Anadarko announced that it would invest $1 billion annually to tap the
Updated: 11/16/2011 05:01P
Revere, Nehoshet call Hussey sale 'unfair' as objections filed
Two bidders for Hussey Copper Corp. have filed objections over Monday's auction, according to court documents filed in the US Bankruptcy Court in Delaware. "At approximately 9 pm, after numerous rounds of spirited bidding, Revere was abruptly advised
Updated: 11/16/2011 05:01P
The Consumer Council of Zimbabwe is warning consumers against overspending
“We do not want consumers to take loans in the month of January from loan sharks who charge exorbitant interest rates, so people must spend wisely during the holidays,” she said. The price of basic commodities has risen in the recent past.
Updated: 11/16/2011 05:01P
Los Angeles Dodgers sue to keep Fox from blocking team sale
"The issuance of the Fox letter was intended to interfere with the sale of the Dodgers and their assets in bankruptcy," said the lawsuit, filed in Delaware's bankruptcy court. The Dodgers are seeking an injunction against Fox Sports and unspecified
Updated: 11/16/2011 04:53P
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