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Economics News

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

1 hr ago | Detroit Free Press

Federal judges put a halt to appeals in Detroit bankruptcy case

A panel of federal court judges put a halt to appeals in Detroit's bankruptcy case after lawyers for the city, state and a number of creditors asked the court to delay hearings pending the outcome of a big trial on Detroit's plan for exiting bankruptcy.

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Related Topix: Bankruptcy, Detroit, MI, US News, Sixth Circuit Court of Appeals

5 hrs ago | Bellingham Herald

Moody's upgrades Greece's credit rating

The agency is also citing a commitment by the bailed out country's conservative-led government to improve public finances.

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Related Topix: Bankruptcy

9 hrs ago | Business Journal

YMCA of Metropolitan Milwaukee updates ongoing restructuring effort

The Rite-Hite YMCA in Brown Deer is among the locations that the YMCA of Metropolitan Milwaukee intends to continue to operate following completion of its restructuring.

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Related Topix: Milwaukee, WI, Brown Deer, WI, Bankruptcy, Waukesha, WI

14 hrs ago | The Intelligencer

Ormet Officially Closed

The remaining 20 employees at the Ormet aluminum plant were officially let go Thursday as the new owners of the plant - and representatives from the United Steelworkers Union - wait to determine the next step.

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Related Topix: Niagara, WI, Bankruptcy

18 hrs ago | The Bennington Banner

Federal judge approves BMC bid for former North Adams hospital

A federal judge has signed off on Berkshire Medical Center's $4 million bid to buy the former North Adams Regional Hospital.

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Related Topix: Bankruptcy

Thu Jul 31, 2014

WNWN-FM Battle Creek

Detroit withdraws monitor proposal

The City of Detroit has abruptly withdrawn a proposal to monitor the city's proposed bankruptcy restructuring plan.

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Related Topix: Bankruptcy

Silicon Alley Insider

Argentina's Default Isn't About Money Anymore

Demonstrators look up next to an image of Argentina's President Cristina Fernandez de Kirchner during a demonstration in support of Argentina's government outside Buenos Aires' Historical Cabildo, July 30, 2014.

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Related Topix: Argentina, World News, Bankruptcy

The Town Talk

Judge: Priest's victim abused again by greedy family

A 43-year-old Newark man who was sexually abused by a Catholic priest was victimized again by family members who used much of his $347,901 in settlement money to buy cars, jewelry and other property, a Chancery Court judge said in a scathing opinion Tuesday.

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Related Topix: Roman Catholic Church, Religion, Bankruptcy, Atlantic City, NJ

Lake Country Sun

Grammy winner Ne-Yo: Ex-manager owes me $8M

This June 26, 2014 file photo shows Ne-Yo at the 27th Annual Rhythm And Soul Awards held at the Beverly Hilton Hotel in Los Angeles.

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Related Topix: Media, Fox Filmed Entertainment, Bankruptcy

WOZZ-FM Appleton

Judge orders mediator to resolve Milwaukee Archdio...

Federal Bankruptcy Judge Susan Kelley has ordered a mediator to try and resolve the three-and-a-half year old bankruptcy case involving the Milwaukee Catholic Archdiocese.

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Related Topix: Bankruptcy, Roman Catholic Church, Religion

The Times

CenturyLink chosen by CoinTerra as data center provider

CenturyLink announced Wednesday that it has signed a multimegawatt data center deal to host CoinTerra Inc.'s rapidly growing Bitcoin-mining operations in CenturyLink data centers.

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Related Topix: Qwest, Savvis, Cable & Satellite, Telecom, CenturyTel, Bitcoin, CPU, Science / Technology

Sacramento Bee Newspaper

California cities don't fare well in recovery rankings

In this June 27, 2012 file photo, pedestrians cross a street near the Bank of Stockton in Stockton.

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Related Topix: California, Stockton, CA, Templeton, CA, Bankruptcy

Wed Jul 30, 2014

Fox News

Bankrupt San Bernardino Eyes Pot Sales for Funds

The city attorney of bankrupt San Bernardino, California, has a novel idea for raising new revenue - open medical marijuana dispensaries to sell pot.

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Related Topix: San Bernardino, CA, Bankruptcy, Marijuana, Business News

Rock FM

Directors Lobby To Keep Film In Hollywood

Kodak is aiming to strike a deal with all of the major studios as it faces stiff competition from digital technologies.

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Related Topix: Bankruptcy

ABC News

IMF Says Cyprus Will Need More Spending Cuts

Cyprus' president on Wednesday rebuffed an International Monetary Fund assessment that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.

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Related Topix: Bankruptcy

Tri-cityherald.com

Explo to plead guilty in September

Webster Parish District Attorney Schuyler Marvin tells The Times the plea was scheduled to have been entered Tuesday but was postponed because of pending action in federal court with the company's Chapter 11 bankruptcy proceedings.

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Related Topix: Minden, LA, Bankruptcy, U.S. Environmental Protection Agency, Environmental Law, Law, Environment, Science

WIBW-TV Topeka

Brownback's GOP Challenger Has Bankruptcy In Past

A Wichita businesswoman who is challenging Gov. Sam Brownback in the Republican primary has filed for bankruptcy protection in the past, while her running mate has done so twice.

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Related Topix: Bankruptcy, US Governors, Sam Brownback

Channel3000

Milwaukee archdiocese owes millions in legal fees

Kelley agreed more than a year ago that the archdiocese would not have to pay legal fees while its bankruptcy case was pending so it could keep enough cash on hand to cover at least one month's bills.

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Related Topix: Bankruptcy

SanLuisObispo.com

Bank scandal tarnishes powerful Portuguese family

Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation.

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Related Topix: Espirito Santo Financial Group SA, Financial Services, World News, Brazil, Bankruptcy

ABC News

Detroit Bankruptcy Trial Delayed Until Aug. 21

Judge Steven Rhodes filed a new schedule Tuesday. Some creditors wanted a longer postponement, but he settled on seven days.

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Related Topix: Bankruptcy

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