Economics News

With a major ruling in Patriot Coal Corp.'s bankruptcy due within about a week, the United Mine Workers of America are planning a rally for 10 a.m. Tuesday starting at Keiner Plaza downtown, with participants marching to the U.S. Bankruptcy Court on 10th Street.

Not only has Sinbad gone bankrupt, but he's also facing a whole lot of debt. The comedian filed for Chapter 13 in April and claims he owes $8.3 million to the IRS for taxes from 1998 to 2006.

A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant.

A real estate developer won an auction this morning for Cherry Hill's Woodcrest Country Club with a bid of $10.1 million.

An expert on the American gaming scene, Maurice "Mac" VerStandig is well-versed in casino management from common issues of fraud and theft prevention to the Unlawful Internet Gambling Enforcement Act and Indian Gaming Regulatory Act .

Yet that's the challenge many college graduates will face. The clock on their student loans will begin counting down to their first payment due date.

Hoboken411 reader Adam clued us into this, and wanted current and future members as well as the general public to know about it, "so they can make an educated decision about joining this facility.

"We're running around the clock," said Nicholas Maiale, second-generation owner of Inserts East Inc.

NY Governor Nelson Rockefeller was said by some to have an "edifice complex". He was also a man used to getting what he wanted, when he wanted it.

Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.

The iconic Industrial Trust Tower, knows as "The Superman building," stands in downtown Providence, R.I. The Art Deco-style skyscraper, the tallest in the state, lost its last tenant when the bank's lease expired in April.

In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls.

Filing bankruptcy does mean that your life involving the use of credit has to be put on hold.

Lehman estate demands millions from nonprofits

As she runs in a tough primary on Tuesday, first-term Mayor Linda Thompson confronts numerous hurdles: increased killings and other street crime, finances that threaten bankruptcy and caused city income taxes to double, unsightly trash filling city lots and skeptical suburbanites shunning city businesses.

A new air scubber for the city's incinerator should arrive in about a week, Mayor Leo Fontaine said in a phone interview Wednesday afternoon.

From left, San Jose State University students Benjamin Lee, Brian Ha and Evan Kashi work on their class homework in the EE98 Introduction to Circuits class taught by Professor Khosrow Ghadiri, at San Jose State University in San Jose, Calif.

The Detroit city government is weeks away from running out of the cash it needs to operate, according to an initial report from the emergency manager overseeing its finances.

The city could ask voters as soon as November to raise taxes to pay back some debts suspended in bankruptcy and bolster Stockton's fight on crime under the so-called Marshall Plan.

The upward march of student loan borrowing is "something we are keeping an eye on and thinking quite carefully about," Fed governor Sarah Bloom Raskin said in response to an audience question Thursday.