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

9 min ago | Click Orlando

Romney smiles at Clinton compliment

Mitt Romney on Friday embraced a comment made by Bill Clinton the previous night, in which the former president praised Romney's private equity career, despite a recent flood of Democratic attacks against the presumptive nominee's corporate resume.

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Related Topix: 2012 Presidential Election, US Politics, US News, Mitt Romney, Bill Clinton, History in the News, Venture Capital, Startups, Bain Capital, Emerging Technology, Bankruptcy

1 hr ago | Bellingham Herald

AMR posts $142 million loss in April

American Airlines' parent company lost $142 million in April as revenue failed to keep up with the cost of jet fuel, labor and other expenses.

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Related Topix: Bankruptcy

1 hr ago | Tri-cityherald.com

2 accused in $500M Illinois financial fraud case

In one of their largest financial-fraud cases ever, federal prosecutors in Chicago announced charges Friday againt the former CEO and head trader at a now-bankrupt cash-management firm accused of defrauding more than 70 customers out of more than $500 million.

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Related Topix: Bankruptcy

1 hr ago | SavannahNow

Fact Check: Romney misses a mark on Solyndra claim

In this May 31, 2012 file photo, Republican presidential candidate, former Massachusetts Gov.

6 comments

Related Topix: Startups, Solyndra, 2012 Presidential Election, US Politics, US News, Mitt Romney, Fremont, CA, Bankruptcy

5 hrs ago | Reuters

UPDATE 1-French poultry group Doux goes into administration

Debt-burdened French poultry group Doux collapsed into administration on Friday after failing to reach an agreement with bankers, putting at risk more than 3,000 jobs.

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Related Topix: France, World News, Bankruptcy

9 hrs ago | TwinCities

Greek radical left seeks vote to cancel bailout

Head of Greece's Radical Left Coalition Alexis Tsipras, presents his party's economic policies in Athens, on Friday, June 1, 2012.

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Related Topix: New Democracy (Greece), Bankruptcy, Opinion

12 hrs ago | Toronto News.Net

Dynegy, Subordinated Noteholders Ink Deal Ahead of Hearing

Dynegy Holdings LLC says a dissident group of junior creditors has agreed to drop their opposition to the power provider's restructuring proposal, a day ahead of a key hearing on the plan.In a Wednesday filing with the U.S. Bankruptcy Court in Poughkeepsie, N.Y., Dynegy said a group of subordinated noteholders who say they're owed more than $220 ... (more)

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Related Topix: Bankruptcy, Public Relations

16 hrs ago | Herald Star Online

Bankruptcy protection is sought ...

RG Steel has filed for Chapter 11 bankruptcy protection, just a week after warning employees that ongoing liquidity problems would bring sweeping layoffs and plant closings in Ohio, West Virginia and Maryland.

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Related Topix: Bankruptcy, Follansbee, WV

Thu May 31, 2012

Whittier Daily News

Auction of `Octomom' La Habra home delayed yet again

This Sept. 25, 2010 file photo shows "Octomom" Nadya Suleman, holding 20-month-old daughter, Nariah Solomon as she talks to media about her yard sale and auction to raise money at her home in La Habra, Calif.

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Related Topix: La Habra, CA, Bankruptcy

CBS Local

Md. Ski Resort Owner Talks With Prospective Buyers

The owners of Maryland's only ski resort say they have met with a number of prospective buyers in their efforts to avoid financial failure.

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Related Topix: Bankruptcy

KCRA-TV Sacramento

Stockton officially seeks bankruptcy authority

Stockton's city manager is requesting the authority to declare bankruptcy if the city is unable to reach a deal with its creditors by next month.

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Related Topix: Bankruptcy

CBS Local

Romney Slams Obama Policies At Shuttered Solyndra Building In Fremont

Mitt Romney was holding a news conference outside the shuttered offices of Solyndra, the green energy company that went bankrupt after receiving government loans.

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Related Topix: Startups, Solyndra, US Politics, US News, Mitt Romney, Alternative Energy, Renewable Energy (Green Energy), Energy, Bankruptcy

Salt Lake Tribune

Ireland votes on Europe's deficit-fighting treaty

A no supporter protests from inside the headquarters of the Referendum offices in Dublin, Ireland, Wednesday, May 30, 2012.

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Related Topix: Sinn Fein, Bankruptcy

Reuters

UPDATE 2-RG Steel files for Chapter 11 bankruptcy

RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, a week after warning it had a liquidity crisis and would idle three steel plants it bought from Russian steelmaker Severstal for $1.2 billion just last year.

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Related Topix: Bankruptcy, Warren, OH

The Spokesman-Review

Idaho tax protester Hart files for bankruptcy - Thu, 31 May 2012 PST

Tax-protesting Idaho state Rep. Phil Hart, who lost his bid for a fifth term in the GOP primary two weeks ago, has filed for bankruptcy.

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Related Topix: Bankruptcy, Idaho Government, Idaho, Tax

Valley News Live

GE Capital to repay $19M in Petters settlement

General Electric Capital Corp. has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme Minnesota businessman Tom Petters was convicted of orchestrating.

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Related Topix: Bankruptcy, Norwalk, CT

Wed May 30, 2012

The Daily Times

Va History: City opposes slavery museum resurrection plan

The city of Fredericksburg opposes a plan to resurrect a national slavery museum envisioned by former Gov.

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Related Topix: Bankruptcy, African-American, Richmond, VA

WAPT-TV Jackson

Judge gives 'Manson family' tapes to LAPD

A federal bankruptcy judge in Texas has approved a request from the Los Angeles Police Department to turn over audiotapes that may develop new clues about unsolved killings involving followers of notorious murderer Charles Manson.

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Related Topix: Bankruptcy, Violent Crime, McKinney, TX, Rowlett, TX

WHTC

Harrisburg mayor: will fight for bankruptcy...

The mayor of Pennsylvania's debt-laden capital city said on Wednesday she will fight for the city's ability to declare bankruptcy after June 30.

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Related Topix: Bankruptcy

Furniture Today

RoomStore wants to sell its 65% stake in Mattress Discounters

RoomStore Inc. is seeking U.S. Bankruptcy Court approval to hire an investment banking firm to help sell its 65% stake in bedding specialist Mattress Discounters.

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Related Topix: Bankruptcy

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