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Economics News

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

2 hrs ago | Norwalk Citizen News

In Less Than A Month These Guys Raked In $12 Million Thanks To Bitcoin Alternatives

Whether you think bitcoin is an incredible advancement, or just a weird Internet fad, it has been very, very good for a Stockholm-based company called KnCMiner.

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Related Topix: Bitcoin, PC

7 hrs ago | Nanaimo Daily News

2 former Anglo Irish executives guilty of fraud; 1st convictions of Ireland's ...

Sean FitzPatrick, the former chairman of the Anglo Irish Bank, arrives at the Circuit Criminal court, Dublin as the trial of former Anglo Irish Bank executives continues Wednesday April 16, 2014.

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Related Topix: Bankruptcy

11 hrs ago | The Campbell Reporter

Mi Pueblo grocery chain says it might have to liquidate

Mi Pueblo, the popular and colorful chain of family-grown Hispanic grocery stores, has limited options to re-emerge from bankruptcy protection and faces the possibility of having to liquidate its 21 stores and abandon its 3,260 employees, the company says.

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Related Topix: Bankruptcy

15 hrs ago | KXVO

Five ways to teach your kids the value of a dollar

Financial literacy is one of the most important subjects for a child to learn and carry with them into adulthood, and yet, it is one of the least taught subjects.

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Related Topix: Kids, Family, Bitcoin

19 hrs ago | Silicon Alley Insider

Ron Paul: Bitcoin Is Not 'True Money'

Ron Paul detailed his thoughts on Bitcoin in one of two posts he wrote on the question-and-answer site Quora Wednesday.

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Related Topix: Bitcoin, US News

23 hrs ago | The New Zealand Herald

Bankrupt developer to spend Easter in jail

A now-bankrupt developer who duped a family into buying properties from his company will spend Easter in jail after an urgent attempt for a second appeal against his sentence failed this morning.

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

Wed Apr 16, 2014

The Peninsula

Bitcoin exchange MtGox placed in administration

TOKYO: Failed Bitcoin exchange MtGox was placed in administration by a Japanese court yesterday, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said.

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Related Topix: Bitcoin, Bankruptcy

TheCourier.com

Ex-official leaves huge debt for California city

A judge also ordered former Bell city manager Robert Rizzo to make $8.8 million in restitution, but prosecutors say that only covers the money he illegally took for himself.

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Related Topix: Bankruptcy, Los Angeles County, CA, Federal Prisons, Prison, State Prisons

Sunherald.com

Detroit still needs $350M from state lawmakers

The city has an $816 million pledge from foundations, philanthropists and Gov. Rick Snyder to shore up pension funds and prevent the sale of city-owned art as part of Detroit's strategy for exiting the largest public bankruptcy in U.S. history.

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Related Topix: Michigan, Michigan Government, US Governors, Rick Snyder, Bankruptcy

Viking FM

Mt Gox Bitcoin Exchange Heads For Liquidation

A court-appointed administrator confirmed the rejection and said CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm.

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Related Topix: Bitcoin, Bankruptcy

KCRA-TV Sacramento

Detroit reaches deal limiting pension cuts

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Related Topix: Pension, Personal Finance, Bankruptcy, Retirement

Brandon Sun

Mt. Gox bitcoin exchange headed for liquidation after court rejects bankruptcy protection

Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February.

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Related Topix: Bitcoin, Bankruptcy

Iol.co.za

China gains first bitcoin ATM

BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies.

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Related Topix: Bitcoin

Sunherald.com

Miss. man pleads not guilty in bankruptcy fraud

Federal prosecutors said that after William "Butch" Dickson company, Community Home Financial Services, filed for Chapter 11 bankruptcy protection, the 57-year-old wired nearly $9.1 million from company accounts to a bank in Panama.

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

Tue Apr 15, 2014

National Public Radio

GM To Ask Bankruptcy Court For Lawsuit Protection

General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.

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Related Topix: Bankruptcy, Corpus Christi, TX

Sydney Morning Herald

Australia's first bitcoin ATM launched

Australia's first bitcoin ATM has gone live in central Sydney, allowing passersby to buy and sell the digital currency and exchange it for cash.

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Related Topix: Bitcoin

Dallas Morning News

EFH delays 10-K again, negotiations with creditors continue

Energy Future Holdings has delayed filing its 10-K earnings statement yet again, as the Texas power giant continues to negotiate with creditors ahead of a bankruptcy filing.

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Related Topix: Bankruptcy, US Securities and Exchange Commission, Financial Services, Corporate / Securities Law, Law, TXU, Energy

WTNH

Textbook publisher quits Stamford for Boston

The company, which emerged from Chapter 11 bankruptcy protection this month after restructuring its finances, will locate 500 jobs in Boston and is looking to add about 50 full-time jobs.

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Related Topix: Bankruptcy

WISH-TV Indianapolis

Firm nears takeover of Indiana Limestone Co.

An investment firm is the only bidder to take over a southern Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings.

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Related Topix: Bankruptcy

Detroit Free Press

City of Detroit close to pension deal, which could pave way for bankruptcy exit

The City of Detroit is nearing a deal with groups representing retirees on pension cuts.

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Related Topix: Pension, Personal Finance, Detroit, MI, Bankruptcy, Retirement

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