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Economics News

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

2 hrs ago | 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

Texas Tech Football #ALSIceBucketChallenge

Watch A Tortoise Chase Down A Remote-Controlled Truck With ALL ITS MIGHT

George W. Bush Just Took The ALS Ice Bucket Challenge And It's Pretty Hilarious

This Cover of 'Girls Just Wanna Have Fun' is Hauntingly Beautiful

5 hrs ago | 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

7 hrs ago | 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

12 hrs ago | 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

14 hrs ago | 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

14 hrs ago | 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

The Globe and Mail

Lehman's London staff win $300-million pensions fight

People stroll by a company sign of Lehman Brothers Holdings Inc. in this file photo.

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Related Topix: Financial Services, Investment Banking, Lehman Brothers, Bankruptcy

Home

Judge rules Cole committed fraud in Mamtek case

A federal judge has ruled that former Mamtek CEO Bruce Cole committed fraud to obtain almost $1.3 million from bond funds that were to be used to build an artificial sweetener plant in Moberly.

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Related Topix: Bankruptcy

Reuters

Press Digest- New York Times business news - Aug 19

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

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Related Topix: Retail, Family Dollars Stores, McKinsey & Company, Bitcoin, Franklin, TN

Mon Aug 18, 2014

Daily Business Review

11th Circuit Says This Prominent Attorney And Judge Acted Improperly, Reverses Bankruptcy Sale

A federal appeals court reversed the bankruptcy sale of a Deerfield Beach company and chastized a prominent Fort Lauderdale attorney for obstructing discovery.

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Related Topix: Criminal Defense Law, Law, Bankruptcy, Deerfield Beach, FL

Business Journal

Forbes Custom Cabinets of Apex files for bankruptcy

In its filing the company listed $666,325 in assets and $2.1 million in debt. The largest of the debts is about $1.3 million owed to Bank of North Carolina .

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Related Topix: Bankruptcy, North Carolina, Small Business, Personal Finance

The Winnipeg Free Press

TSB authorized Lac-Megantic locomotive's trip to U.S., where it was nearly sold

Canada's Transportation Safety Board is shedding light on how the locomotive from the Lac-Megantic disaster ended up at a United States rail yard where it nearly went to auction.

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Related Topix: Prison, Canada, Bankruptcy

NorthJersey.com

Lawyer: Revel still seeks sale, losing $1M weekly

A lawyer for Revel Casino Hotel says that it still hopes to auction off the property but needs to close to stop big losses.

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Related Topix: Bankruptcy

Business Journal

Bitcoin mining helps drive Hivelocity growth

The biggest surprise about the bitcoin miners who took space at Hivelocity was the technology they used to create the digital currency.

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Related Topix: Bitcoin

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