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Thousands gather to oppose Greek austerity
THOUSANDS of Greeks, bitterly opposed to further austerity measures, rallied in Athens yesterday in the first public test for a new national unity government charged with imposing painful tax rises and spending cuts to avert bankruptcy.
Updated: 11/17/2011 01:36P
New Audit Information: FHA Facing Bankruptcy
The Federal Housing Administration (FHA) is running low on cash. And when we say “low,” we mean the agency has announced a “50 percent chance” that it could “run out of money and require a taxpayer bailout in the next year”[1].
Updated: 11/17/2011 01:35P
Intourist-Zakarpattia to change management and statute
PJSC Intourist-Zakarpattia hotel and tourist complex (Uzhgorod) is intending to change its management, internal regulations and statute, as well as appoint a representative to participate in the consideration of a case on the complex's bankruptcy,
Updated: 11/17/2011 01:33P
Detroit in financial crisis, Mayor Bing says
Mr Bing urged municipal unions to accept cuts and state leaders to pay the city $220m from a 13-year-old tax agreement. The mayor also asked for a 0.9% increase in business taxes. His administration has said Detroit has an accumulated deficit about
Updated: 11/17/2011 01:33P
3 Deals to Watch: Transports, Tankers & Traders
The now quashed hostile bid was a culmination of almost two years of opposition by Plains to SemGroup's recovery strategy from a 2009 bankruptcy and resulting civil litigation with the Securities and Exchanges Commission. In March 2010, Plains offered
Updated: 11/17/2011 01:27P
Greek police clash with anti-austerity protesters
Schools, universities and many businesses stayed shut for the day and public transport was badly disrupted. A smaller protest rally took place in Thessaloniki, Greece's second city. Police detained dozens of protesters in Athens.
Updated: 11/17/2011 01:27P
Sbarro Pizza Chain Wins Approval of Bankruptcy-Exit Plan
17 (Bloomberg) -- Sbarro Inc., the fast-food pizza restaurant chain, won approval of its plan to restructure and exit bankruptcy protection. Sbarro will give ownership of the reorganized company to senior lenders owed about $176 million under the
Updated: 11/17/2011 01:21P
A bundle still missing at MF Global
The firm filed for bankruptcy in late October, which triggered an army of lawyers, regulators and members of the Justice Department to descend on the firm, all of them trying to seize control of their portion of the puzzle, The New York Times reported
Updated: 11/17/2011 01:21P
Fox Sports seeking extension in Dodgers case
Lawyers for Fox Sports are asking a Delaware bankruptcy judge to delay consideration of the Los Angeles Dodgers' plan to sell media rights to future games. Fox's request to delay a Nov. 30 hearing on the media rights motion is the latest salvo in its
Updated: 11/17/2011 01:20P
General Maritime Files For Chapter 11
(GMR) voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company's operations to continue. “Our operations are strong, but continued macroeconomic
Updated: 11/17/2011 01:17P
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