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Economics News

Economics News continually updated from thousands of sources around the net.

2 hrs ago | CBC News

Frank Anderson pleads guilty to forged document charge

An audit firm hired by the Nova Scotia government found serious deficiencies at the South West Shore Development Authority.

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Related Topix: Bankruptcy

6 hrs ago | SFGate

RadioShack Shares Have Been On An Absolute Tear

Just this week, shares of RadioShack have more than doubled, bringing the stock back above a dollar after it officially became a penny stock following a terrible first quarter report back in June.

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Related Topix: Bankruptcy, Business News

7 hrs ago | Manufacturing.net

Indiana Ethanol Plant Restarts After 2012 Shutdown

An energy company has resumed production at an ethanol plant in Indiana along the Ohio River that was shut down more than two years ago by its previous owner.

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Related Topix: Indiana, Mount Vernon, IN, Linden, IN, Bankruptcy

7 hrs ago | SFGate

Judge to consider key part of sex-abuse settlement

The Roman Catholic Diocese of Helena is asking a judge to approve an agreement with its insurers that would provide the bulk of the funding for a proposed settlement with hundreds of people who say they were sexually abused by clergy.

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Related Topix: Roman Catholic Church, Religion, Montana, Bankruptcy

10 hrs ago | Automotive News

Court rejects creditor protection for Saab owner NEVS

A Swedish court rejected an application from China's National Electric Vehicle Sweden , which bought bankrupt Saab in 2012, for protection against creditors while it concludes funding talks.

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Related Topix: Bankruptcy, Autos

12 hrs ago | Lowell Sun

Market Basket nearing point of no return?

With each day that goes by without a sale or resolution that brings workers and customers back to Market Basket, the chain keeps getting closer to a point when it can no longer keep its doors open.

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Related Topix: Bankruptcy, Comedy Movies, Arthur, UMass Lowell, Lowell, MA

17 hrs ago | The Detroit News

Daniel Howes: $4 billion loan no grand bargain for Detroit

Detroit's holdout bond insurers, facing the prospect of meager returns in the city's historic bankruptcy case, are not going quietly.

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Related Topix: Detroit, MI, Bankruptcy

Wed Aug 27, 2014

Reuters

Bitcoin shows staying power as online merchants chase digital sparkle

Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

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Related Topix: Bitcoin, us Travel, Travel, Retail, Overstockcom, Apparel, Household Products, University Village (Seattle, WA), International District (Seattle, WA), Capitol Hill (Seattle, WA)

Malaysia Chronicle

a Failure Like Proton: Time to sell or liquidate Malaysia Airlines

When I think of the many needed functions of government, owning or running an airline is not one of them.

1 comment

Related Topix: Southeast Asia, World News, Malaysia, Bankruptcy

PennLive.com

Capitol View Commerce Center shooting for October opening

There are no more floors gaping open with exposed steel girders in the office building at Cameron and Herr streets.

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Related Topix: Bankruptcy, Northumberland County, PA

Reuters

PwC must face $1 billion lawsuit over MF Global advice

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

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Related Topix: Banking, Reserve Bank of Australia, Financial Services, PricewaterhouseCoopers, Accounting, Bankruptcy, Jon Corzine, US Governors

El Paso Times

FBI raids Anamarc College

FBI agents arrived shortly after 6:30 a.m. at the Anamarc College campus at 3210 Dyer Street.

9 comments

Related Topix: El Paso, TX, Bankruptcy

Iol.co.za

US bureau offers Bitcoin advice

The US government has issued an advisory that warns about the risks that Bitcoins and other virtual currencies pose to consumers.

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Related Topix: Bitcoin

The Washington Post

Banker Arrest Rattles Lenders as Slowdown Deepens: India Credit

The arrest of an Indian banker amid probes into lending violations looks set to prompt tighter loan approvals that may deepen the worst credit slowdown since 2009.

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Related Topix: Bankruptcy, World News, India, Business News

Tue Aug 26, 2014

The Las Vegas Sun

SLS: Iggy, Rita, Tiesto, Pamela and Joe Francis

There were a number of eyebrow-raising moments during the star-studded gala opening of SLS Las Vegas over the weekend: Where else than only in Las Vegas would you simultaneously see the prime minister of the Bahamas in the same hotel casino as notorious Girls Gone Wild founder Joe Francis? Joe said that he'd been flown in from the California-Nevada ... (more)

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Related Topix: Las Vegas, NV, Steve Wynn, Bankruptcy, Recreational Vehicle, Monaco, Games, Poker, Australia, Oceania, World News

The Gazette

Quake is major test for hard-luck California city

Contractors pull loose bricks from the roof of an earthquake damaged 36,000 square foot former boat shop on Mare Island Tuesday, Aug. 26, 2014, in Vallejo, Calif.

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Related Topix: Earthquake, Natural Disasters, Vallejo, CA, Bankruptcy

Evening Sun

Detroit resumes shutting off water service

In this photo taken on Monday, Aug. 25, 2014, a person who did not want to be identified, left, gives forms to the customers waiting in line outside the Detroit Water and Sewerage Department's Westside Customer Service Center in Detroit.

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Related Topix: Bankruptcy

Silicon Alley Insider

RadioShack Shareholder Negotiating Rescue Package: Bloomberg

RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

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Related Topix: Bankruptcy, Retail, Wal Mart Stores

Silicon Alley Insider

Detroit, Hold-out Creditors Must Go To Bankruptcy Mediation: Judge

Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city's historic bankruptcy case.

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Related Topix: Bankruptcy

Business Journal

Federal court judge bars Trulands from selling personal assets

Robert Truland, CEO of the Truland Group Inc., leaves the first creditors' meeting in his company's Chapter 7 bankruptcy case.

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Related Topix: Bankruptcy

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