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Athens readies budget to plug deficit ahead of troika talks
ATHENS Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy by submitting a budget draft that forsees no new austerity measures next year as long as reforms are enacted.
Updated: 11/18/2011 10:00P
Nominee for Harrisburg receiver has ties to creditors
To Mark Schwartz, the attorney hired by a majority of the City Council to file Harrisburg's federal bankruptcy petition as a way of forcing creditors to take a haircut on what is owed, Unkovic's selection proves the governor is rigging the system
Updated: 11/18/2011 09:59P
Mart rattled as MF Global begins payout plan
A New York judge's decision to expedite payment to some MF Global Inc. customers is good news for copper market participants, but it hasn't alleviated long-term concerns incited by the company's bankruptcy filing. "There is nobody there to protect us
Updated: 11/18/2011 09:56P
Odds in Our Favor
Just last week Alabama's Jefferson County filed the biggest municipal bankruptcy in US history – an estimated $4.1 billion. This followed Pennsylvania's capital Harrisburg running out of money; it owes $300 million. Last year, analyst Meredith Whitney
Updated: 11/18/2011 09:53P
Complete SME Board Approves Bankruptcy Filing
At a meeting Thursday in Billings, six board members also endorsed the bankruptcy filing which says the electric co-op is more than 21 million dollars 'in the red.' The Public Service Commission has now also voted to try and become a party in that
Updated: 11/18/2011 09:52P
MF Global moved customer funds to BNY Mellon: report
(Reuters) - MF Global moved hundreds of millions of dollars in customer money from its US brokerage unit to Bank of New York Mellon Corp in August, just months before filing for bankruptcy protection, The Wall Street Journal reported.
Updated: 11/18/2011 09:50P
Majority of City Council and Mayor comment on appointment of receiver
Bankruptcy is the only option that will allow for a global solution with shared pain by all stakeholders - that was made clear when AGM stopped attending negotiation sessions for the consent agreement last week. They won't negotiate in good faith with
Updated: 11/18/2011 09:46P
Lost Luster?
A federal bankruptcy judge on Thursday night approved the sale of the Crystal Cathedral in Garden Grove to the Roman Catholic Diocese of Orange. The Crystal Cathedral, famous for its Hour of Power television program, will be forced to
Updated: 11/18/2011 09:45P
Clearwire May Skip Debt Payment
Failure to make the payment would raise concerns about whether the money-losing company can avoid bankruptcy protection. The concern underscores just how difficult it has become for Clearwire, founded in 2003, to challenge the country's leading
Updated: 11/18/2011 09:45P
NHL approves sales of Dallas Stars to Vancouver businessman
That came after a US Bankruptcy Court in Delaware approved the deal. A spokesman for Gaglardi said he won't comment on the sale. It's estimated he bid US$265 million for the Stars. Heading into Friday night, Dallas had a record of 11-6-0.
Updated: 11/18/2011 09:43P
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