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Economics News

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

3 hrs ago | 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.

2 comments

Related Topix: Detroit, MI, Bankruptcy

7 hrs ago | 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

12 hrs ago | 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

16 hrs ago | 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

20 hrs ago | Journalgazette.net

Bankruptcies

Following are recent filings for bankruptcy protection in northeast Indiana. The list includes all business bankruptcies, as well as personal bankruptcies in which liabilities exceed $100,000.

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Related Topix: Bankruptcy

Sat Jul 26, 2014

NewsTarget.com

Nearly 300,000 suicides in India so far from GMO crop failures

The Western media is steeped in denial about the true damage being caused by genetically modified crops, especially in the developing Third World.

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Related Topix: Agriculture, Science, Suicide, Bankruptcy, Monsanto

The Modesto Bee

Murder trial moved to former bankruptcy court in Modesto

Stanislaus Superior Court, for the first time, is moving a murder trial because its courtrooms are not big enough to handle the number of defendants and attorneys involved.

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Related Topix: Bankruptcy, Modesto, CA, Criminal Defense Law, Law, Prison

Examiner.com

Bitcoin Shop moves bitcoin into world of e-commerce

Bitcoin had an interesting week with a two day conference ending yesterday in San Francisco and a Bitcoin conference in Chicago last weekend.

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Related Topix: Bitcoin, Science / Technology, Internet

The Orlando Sentinel

Parliament House files for Chapter 11 bankruptcy

Parliament House, a gay resort and entertainment complex, filed for Chapter 11 bankruptcy on Friday citing $15.5 million in debt.

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Related Topix: Bankruptcy, Foreclosures, Home, Mortgage, Personal Finance

News Observer

Q&A on New Jersey's public employee pensions

Even ahead of his announcement, the political debate has ramped up. Christie's summertime town-hall style meetings are called "No Pain, No Gain" and are addressing pensions.

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Related Topix: Pension, Personal Finance, Chris Christie, US Governors, Tax, Bankruptcy, Retirement

The Now Newspaper

Surrey's first Bitcoin ATM now fully armed and operational

Eight months after Vancouver's first Bitcoin ATM was unveiled to the public, Surrey now has one to claim as its own.

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Related Topix: Bitcoin

Fri Jul 25, 2014

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

RECORD PAYMENT FUND NAME AND DISTRIBUTIONS DATE DATE Putnam Retirement Income Fund L... )--First Interstate BancSystem, Inc. , will make a presentation to analysts and investors attending the Keefe, Bruyette & Woods Community Bank Inves... )--The bankruptcy filing by The Amsterdam at Harborside is reflective of the continued challenges faced by ... (more)

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Related Topix: Personal Finance, Retirement, Bankruptcy, Financial Markets

Wall Street Journal

The Daily Startup: Qualcomm to Invest $150M in China Startups

Qualcomm has formed a new $150 million fund to invest in China, Lizette Chapman reports for VentureWire.

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Related Topix: Media, Radio, XM Satellite Radio Holdings, Television, Venture Capital, Emerging Technology, Bitcoin

Bluefield Daily Telegraph

John Manchin files civil suit against his brother U.S. Sen. Joe Manchin

A $1.7 million civil lawsuit has been filed by John Manchin II against his brothers U.S. Sen. Joe Manchin III and Roch Manchin.

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Related Topix: Bankruptcy

WTAQ-AM Green Bay

Ambac says has final deal with bankrupt Detroit ov...

Ambac Assurance Corp said on Friday its final settlement in Detroit's bankruptcy case over the treatment of limited-tax general obligation bonds that it insured for the city would result in a 34 percent recovery, plus another possible 19 percent from a litigation reserve.

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Related Topix: Bankruptcy

JD Journal

Daily Fine of $5,000 Levied on Joe Francis, Former Girls Gone Wild Owner

A daily fine of $5,000 has been levied against Girls Gone Wild founder Joe Francis by a federal judge, according to The Wall Street Journal.

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Related Topix: Bankruptcy

The Globe and Mail

Nortel, bondholders reach settlement on key dispute in bankruptcy case

A man walks past a company sign at a Nortel Networks office tower in Toronto A man walks past a company sign at a Nortel Networks office tower in Toronto A last minute settlement has been reached in a key dispute in the Nortel Networks Ltd. bankruptcy case - over how much interest should be paid on Nortel's outstanding bonds.The settlement, which ... (more)

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Related Topix: Nortel Network, Telecom, Bankruptcy, Wilmington, DE

Thu Jul 24, 2014

Sunherald.com

Coal bankruptcy highlights pain from cheap gas, tight regulation

The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.

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Related Topix: Bankruptcy, US Energy Systems, Energy, UBS Investment Bank, Investment Banking, UBS Financial Services, Financial Services, Investment Services, U.S. Environmental Protection Agency

ComputerWorld

Bitcoin: Addressing concerns over a 51% attack

Although a mining pool last month managed to briefly control the majority of the computing power used to generate the Bitcoin crypto-currency, a so-called '51 per cent attack' remains unlikely, according Chris Mountford, a Bitcoin advocate and a senior developer at Atlassian.

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Related Topix: Bitcoin, Atlassian

Hispanic Business

Airlines Pick Up Big Profits in 2nd Quarter

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.

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Related Topix: Bankruptcy, Airlines, United Airlines, Transportation, Delta Air Lines

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