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Economics News

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

4 hrs ago | Hyperallergic

Buying Art in Bitcoin

In May, painters Valentin Ruhry and Andy Boot launched Cointemporary , an online art gallery exhibiting artworks that can only be bought using the popular crypto-currency Bitcoin.

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Related Topix: Bitcoin, Arts, Painting

8 hrs ago | Bloomberg

Detroit Seeks Water-Bond Sellers to Escape Default: Muni Credit

Detroit 's water and sewer department is set to find out today if it will succeed in striking a deal with bondholders to avert a possible default.

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Related Topix: Financial Markets, Bankruptcy, Nuveen Municipal Income Fund, Financial Services

12 hrs ago | Weekly Packet

Stonington Post Office operations to remain unchanged

The two dozen Stonington residents who turned out to a meeting held at the Stonington Post Office on Tuesday, August 19, about the future of the post office left with heartening news-little will change for the branch at this time.

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Related Topix: Bangor, ME, Transportation, United States Postal Service, Postal, Bankruptcy

16 hrs ago | Business Journal

Rob Truland breaks his silence

Howard Silcott spent the past four decades working for Reston-based electrical contractor Truland Group Inc., most recently as a senior superintendent, and had hoped eventually to retire from the company.

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Related Topix: Bankruptcy

20 hrs ago | GigaOM

Biotech, nuclear fusion, and bitcoin: Highlights of Y Combinator's summer 2014 class

Sure, there the usual assortment of "X for Y" startups, but science and bitcoin companies abounded at startup accelerator Y Combinator's Summer 2014 demo day.

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Related Topix: Nuclear Energy, Bitcoin

Yesterday | The Indianapolis Star

Greenfield settling lawsuit over ex-sheriff's arrest

Greenfield settling lawsuit over ex-sheriff's arrest The city of Greenfield is settling a civil lawsuit filed in 2012 by a former Hancock County sheriff.

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Related Topix: Greenfield, IN, Hancock County, IN, Shelby County, IN, Bankruptcy

Wed Aug 20, 2014

Wall Street Journal

Fish Firm's Woes Show Greek Bankruptcy Gap

In the decade before Greece's debt crisis, businessman Aristides Belles rode a wave of acquisitions to turn his company, Nireus Aquaculture SA, into one of the largest fish farmers in the world-a staple of supermarket shelves across Europe.

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Related Topix: Bankruptcy, Aquaculture

Detroit News

Judge delays start of Detroit bankruptcy trial until Sept. 2

U.S. Bankruptcy Judge Steven Rhodes on Wednesday delayed the start of the city's bankruptcy trial until Sept.

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Related Topix: Bankruptcy, Pension, Personal Finance

Brandon Sun

Attorney offers reward for Tim Blixseth's assets; former billionaire says it's a desperate act

The trustee representing Montana's Yellowstone Club creditors is offering a reward to anyone who can help uncover assets the luxury resort's co-founder might have hidden from bankruptcy proceedings.

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Related Topix: Bankruptcy

Thanh Nein News

Ukraine conflict is draining economy, hampering reforms: PM Yatseniuk

A woman holding her child, gets on a bus with other people at the south station in Donetsk on August 20, 2014.

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Related Topix: Bankruptcy

Tri-cityherald.com

Massachusetts cutlery maker files for bankruptcy

The Recorder of Greenfield reports that Lamson & Goodnow Manufacturing Co. of Shelburne Falls, Massachusetts, filed for Chapter 11 bankruptcy earlier this month, which protects the company from creditors as it reorganizes.

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Related Topix: Bankruptcy, Shelburne Falls, MA

RTE.ie

Australia says Bitcoin not a currency

Crypto-currencies such as Bitcoin should not be considered as money or a foreign currency when it comes to taxation, Australia's tax authority ruled today.

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Related Topix: Bitcoin

ComputerWorld

'Reveton' ransomware upgraded with powerful password stealer

A type of malware called Reveton, which falsely warns users they've broken the law and demands payment of a fine, has been upgraded with powerful password stealing functions, according to Avast.

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Related Topix: Bitcoin

WHTC

Attorneys for Detroit respond to creditor filing

Attorneys for the City of Detroit have responded to a legal filing by a creditor that stands to lose millions of dollars in the city's bankruptcy case.

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Related Topix: Bankruptcy

Tue Aug 19, 2014

Grub Street

Bakery That Supplied Crumbs Laid Off 75 Workers After Cupcake-Bubble Bust

In addition to scores of corporate-side workers and all employees at its now-shuttered retail locations, 75 shift bakers at Melita Bakery in the Bronx lost their jobs after Crumbs abruptly shut down last month .

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Related Topix: Cake, Baked Goods, Life, Dessert, Food, Bankruptcy

Business Times

Czechs roll out new Bitcoin-style virtual currency

"Early this afternoon we put a first test run of 100,000 coins on the market," CZC project head Ladislav Faith told AFP.

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Related Topix: Bitcoin

Reuters

Accused bitcoin exchanger loses bid to narrow criminal charges

A Florida man accused of engaging in a scheme to sell more than $1 million in bitcoins to users of the illicit online marketplace Silk Road on Tuesday lost a bid to narrow his criminal case.

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Related Topix: Bitcoin

Reuters

Trading probes on Brazil's Batista due in 2015: regulator

The results of more than a dozen investigations into market manipulation by Brazilian entrepreneur Eike Batista and current or former executives of his EBX Group, will likely be made public next year, a top regulator said.

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Related Topix: Bankruptcy

WICU12 Erie

Divers Find Body in Crawford County Lake

The body of a kayaker was found by divers this afternoon in a Crawford County lake.

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Related Topix: Crawford County, PA, Titusville, PA, Spartansburg, PA, Bankruptcy, Conneaut Lake, PA

Boston.com

Price of Bitcoin Falls 12 Percent, to Lowest Value Since May

On Monday, the price of bitcoin dropped nearly 12 percent, to $435.60 from $492.95, according to the virtual currency website CoinDesk, its lowest value since May and far below its peak of about $1,150 last year.

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Related Topix: Bitcoin

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