Economics News

Tesla Motors Inc., the electric-car maker run by Elon Musk, increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up cash reserves.

Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.

An expert on the American gaming scene, Maurice "Mac" VerStandig is well-versed in casino management from common issues of fraud and theft prevention to the Unlawful Internet Gambling Enforcement Act and Indian Gaming Regulatory Act .

Zero down loans are on the rebound on a small scale, but is it really such a horrible thing for the housing sector? The term "Zero Down Loan" is almost guaranteed to induce an immediate negative response in any one hearing the term.

The Nurburgring racetrack in Germany is officially up for sale this week. The sale of the 12.8-mile, 154-turn track includes the salaries of 300 employees, but not the $515-million debt that caused the 'Ring's bankruptcy.

Mark Huffman has been a consumer news reporter for ConsumerAffairs since 2004. He covers real estate, gas prices and the economy and has reported extensively on negative-option sales.

On Wall Street, the wheel of fortune can spin around and around, from enormous cash bonuses and luxurious perks one year to the unemployment line the next.

Admitted illegal inside trader Michael Van Gilder broke a promise not to act on information that billionaire Kirk Kerkorian was about to buy into Delta Petroleum, its former CEO says in court papers.

A New Jersey casino regulator says Revel needs to increase the amount of money it wins at slot machines or it will struggle to survive.

Patch media partners WISN 12 News spoke to the CEO of the Illinois company that bought the bankrupt Golden Guernsey .

For nations without a large domestic economy, adequate resources and a need for new markets, a retreat from global integration poses challenges.

Citigroup Inc. can be granted a $1.2 billion claim against Lehman Brothers Holdings Inc.'s defunct brokerage and will pay an affiliate of the Lehman parent $167 million to settle a dispute over amounts owed on foreign-exchange transactions, a judge ruled.

Camden County will bid on the Woodcrest Country Club in an effort to preserve the bankrupt Cherry Hill golf course as open space when the property is sold at auction Monday.

By late August, Vicksburg's downtown City Front will be without a floating casino for the first time since 1993 if the winning bidder at an auction April 25 for the former Grand Station Casino follows through on a bankruptcy court-ordered sale of the vessel.

Detroit's next mayor will inherit a city low on cash and an office low on power, yet nearly two dozen candidates are seeking the job anyway.

A US court has given permission for a representative from the National Asset Management Agency to be questioned about the affairs of Irish developer Sean Dunne.

Unlike every other major carrier, it has never filed bankruptcy. It has never sacked employees with layoffs, furloughs or pay cuts.

Citing retirement plans that are underfunded by "over $235 million," the federal Pension Benefit Guaranty Corp.

David Bergstein 's latest legal salvo against Aramid Entertainment's David Molner reads like the script of a thriller: Secretly taped phone calls, the promise of a role in a Sidney Lumet movie and a self-confessed secret government agent and an FBI probe of Bergstein.

As Alabama's Jefferson County readies a workout proposal for its landmark $4.2 billion bankruptcy, officials on Tuesday announced an agreement with creditors JPMorgan Chase and Bayerische Landesbank covering $105 million of defaulted debt.