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Economics News

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

1 hr ago | SanLuisObispo.com

Bank scandal tarnishes powerful Portuguese family

Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation.

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Related Topix: Espirito Santo Financial Group SA, Financial Services, World News, Brazil, Bankruptcy

3 hrs ago | ABC News

Detroit Bankruptcy Trial Delayed Until Aug. 21

Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days.

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Related Topix: Bankruptcy

Tue Jul 29, 2014

KVOR-AM Colorado Springs

Airlines Report Strong Second Quarter Earnings

The airline industry is making more money after several difficult years during the recession.

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Related Topix: Bankruptcy

Myrtle Beach Online

Soldiers get $92M in debt relief under settlement

Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.

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Related Topix: Indiana, Bankruptcy, Business News

KNUS-AM Aurora

Detroit water department placed in mayor's hands

Simply confirm your registered email address below and click "Reset Password." We will immediately email you a link back to the site where you can enter a new password for this account.

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Related Topix: Detroit, MI, Bankruptcy

TheStreet.com

BetCoin Ups the Ante for Bitcoin Gaming

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Bitcoin, Mozilla, TheStreetcom, Media, TheStreet, Computers, Amazon, Cloud Computing, Science / Technology

Tri-cityherald.com

Suzuki recalls nearly 26,000 cars for fire risk

The recall covers the Verona from the 2004-2006 model years. It's an expansion of an earlier recall of the Forenza and Reno.

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Related Topix: Bankruptcy

Philly.com

Firm agrees to $30.25M bid for Northeast nursing home

A New Jersey investment firm has agreed to pay $30.25 million for Northeast Philadelphia's Deer Meadows Retirement Community, which filed for bankruptcy protection in April.

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Related Topix: Bankruptcy, Philadelphia, PA, Butler, PA

Mon Jul 28, 2014

The Wall Street Journal

Sen. Joe Manchin Sued by Brother Over Loan

The West Virginia Democrat was sued earlier this month in Marion County Circuit Court in West Virginia by one of his brothers for allegedly failing to repay $1.7 million loaned several decades ago to keep a family business out of bankruptcy.

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Related Topix: US Politics, US News, Senator Joe Manchin, US Senate, Democrat, Bankruptcy, Fairmont, WV

WPTV Local News

Apple welcomes back top Bitcoin wallet app

The software lets people receive and spend the increasingly popular digital currency Bitcoin.

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Related Topix: Bitcoin, Computers

680News

Internal Finance memo warns of potential for Bitcoin-related crime

This April 3, 2013 file photo shows bitcoin tokens in Sandy, Utah. The lack of regulation and high level of anonymity of Bitcoins may make the virtually currency "an attractive payment method for criminals," former finance minister Jim Flaherty was warned by senior officials in a recently declassified memo.

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Related Topix: Bitcoin, Sandy, UT

Vallejo Times-Herald

BioHealth and Bryman colleges close their doors

BioHealth and Bryman colleges closed their doors Monday, about a week after their parent company filed for Chapter 11 bankruptcy.

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Related Topix: Bankruptcy, San Francisco County, CA, San Francisco, CA, Hayward, CA

Ledger-Enquirer.com

RPM Intl agrees to $797.5M deal on asbestos claims

RPM will start funding the trust for current and future claimants with a $450 million cash payment and then make additional payments over the next few years until a total of $797.5 million in contributions is reached.

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Related Topix: Manufacturing, RPM International, Chemicals, Medina, OH, Bankruptcy

The Fresno Bee

How to escape the medical care debt trap

The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit.

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Related Topix: Bankruptcy, Health Insurance, Health, Credit Card Debt, Personal Finance

West Australian

Bitcoin catches on in tech-savvy Romania

In a well-lit office with red window frames in downtown Bucharest, Romania's first bitcoin ATM attracts many who until it opened in May had to buy or sell the digital currency face-to-face or through wire transfers.

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Related Topix: Bitcoin, Europe, World News, Romania, Travel, Romania Travel, Europe Travel,

Detroit Free Press

Tom Walsh: DIA seeks grand bargain cash from U.S., Japanese auto suppliers

It's no secret to anyone who lives or works in the city that Detroit has the highest tax rates in... Amid the splendor of the DIA's Rivera Court, U.S. District Chief Judge Gerald Rosen speaks at a news conference on June 9. Gov. Rick Snyder is at right.

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Related Topix: Detroit, MI, Rick Snyder, US Governors, Bankruptcy, Michigan

Sun Jul 27, 2014

Detroit Free Press

Rochelle Riley: If Detroit were a movie, Orr would be a twist in plot

Kevyn Orr rode into Detroit on the wheels of a financial calamity and was given carte blanche by the governor to fix the financial mess while also fixing what caused it.

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Related Topix: Detroit, MI, Bankruptcy

BBC News

'Community banks' to avert debt trap

An uncompetitive financial services market and the expense of declaring bankruptcy are leading people into "problem debt", according to a report.

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Related Topix: Bankruptcy

Newsday

Westbury contractor loses licenses after homeowner complaints

Jeanine Megis, with her husband Alex, and their three children, 8, 5, and 3, outside of their Sandy damaged Merrick home.

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Related Topix: Westbury, NY, Merrick, NY, Nassau County, NY, Suffolk County, NY, Bankruptcy

TMZ.com

Ex-'RHONJ' Star Danielle Staub -- Sex Tape Partner Gets Screwed ... in Bankruptcy

" Real Housewives of New Jersey " star Danielle Staub will probably get the cold shoulder the next time she shopped at Nordstrom ... because she just screwed them over in bankruptcy court ... and she royally screwed the guy in her sex tape in the unforgettable onion bagel scene.

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Related Topix: Bankruptcy

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