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Economics News

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

2 hrs ago | 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

6 hrs ago | 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

10 hrs ago | 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

12 hrs ago | 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

16 hrs ago | 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

KHOU-TV Houston

Bankrupt Energy Future to auction stake in Oncor

Bankrupt power giant Energy Future Holdings hopes to abandon its restructuring plan and auction off its stake in the profitable power transmission business Oncor Electric Delivery Co.

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Related Topix: Energy, TX, Bankruptcy, Energy, Oncor Electric Delivery

Mirfield Today

Shamed scrap metal boss banned as company director

A scrap metal boss whose busted company is being chased for 55m in unpaid tax has been banned as a company director for 13 years.

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Related Topix: Bankruptcy

Canada.com

Canadian group to deliver 1,000 litres of water from Windsor to...

A Canadian group is planning to bring about 1,000 litres of water from Windsor to Detroit to protest thousands of residential service shutoffs by Detroit's water department.

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Related Topix: Bankruptcy

The Age

Timbercorp investors dig in on loans

Investors in Timbercorp say they will fight ''increasingly unreasonable'' legal attempts to force them to repay money they borrowed to put into the failed forestry company.

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Related Topix: Agriculture, Science, Bankruptcy

Wed Jul 23, 2014

CIO

Sale of Mt. Gox-related Bitcoins.com halted after court order

The sale of the domain Bitcoins.com, affiliated with Mt. Gox CEO Mark Karpeles, has been halted after a U.S. court order, according to the auction house.

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Related Topix: Bitcoin, Bankruptcy

Business Journal

Bankruptcy: Office condo owner files Chapter 11 to halt foreclosure auction

The upcoming foreclosure auction of 14 office condos in Coral Springs was halted after their owner filed Chapter 11. PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa.

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Related Topix: Foreclosures, Bankruptcy, Coral Springs, FL

The New Zealand Herald

Bankrupt with link to Peters sues Horan

A bankrupt businessman with convictions for tax avoidance is suing independent MP Brendan Horan and RadioLive in a $650,000 defamation claim.

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Related Topix: Bankruptcy

CIO

Mt. Gox trustee leaves door open to revival of Bitcoin exchange

The trustee overseeing the carcass of Mt. Gox, once the world's largest trading platform for Bitcoin, told investors Wednesday that the company could be revived.

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Related Topix: Bitcoin, Bankruptcy

News Observer

Tupperware 2Q profit sinks 38 percent

The Orlando, Florida-based company cut its full-year earnings outlook, and Tupperware shares nearly 8 percent in morning trading Wednesday.

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Related Topix: Household Products, Tupperware

KFVS12

Bond insurers vow to fight Detroit financial plan

After a bruising nine-week runoff campaign, Georgia Republicans will finally have their Senate nominee who will compete against Democrat Michelle Nunn for a seat the GOP can ill afford to lose as the party looks to... Georgia Republicans have only a few more hours before they have a Senate nominee in a race that will help decide which party ... (more)

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Related Topix: US Politics, US News, Barack Obama, Arizona, US Supreme Court, Arizona Government, Bankruptcy

Tue Jul 22, 2014

TheDay.Com

New London to question Carter further

Before the Board of Education meets Thursday night to vote on a contract for Terrence P. Carter, its unanimous selection as the city's next superintendent of schools, it will hold a closed-door conference call to question him further about his academic record.

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Related Topix: Bankruptcy, Illinois

Vallejo Times-Herald

Bryman College owner with San Jose, Hayward schools files for bankruptcy

The owner of California's Bryman College chain -- with campuses in San Jose, Hayward, San Francisco and Los Angeles -- is in financial trouble and could close.

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Related Topix: Bankruptcy, California, San Francisco County, CA, San Francisco, CA, San Jose, CA, Santa Clara County, CA

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