Economics News

The sign marking the MF Global Holdings Ltd. offices at 52nd Street in midtown Manhattan is seen in New York November 2, 2011.

The Toronto stock market was modestly higher as early relief that the Greek parliament passed a package of austerity measures to secure a another bailout was tempered by questions about when Greece would actually get the money.

Greece faces further hurdles and delays before it can receive a second, euro130 billion bailout in spite of its lawmakers voting through more austerity measures in the face of violent protests.

A building on Stadiou Street is engulfed in flames during the demonstration against the new austerity measures on Feb.

Global markets rose on Monday after Greece's parliament approved a new set of austerity measures required by international lenders in exchange for a bailout that would save the country from bankruptcy next month.

The Australian dollar had a delayed reaction to Greece passing a batch of budget cuts and public sector reforms to help it avoid bankruptcy.

Rioting has spread across central Athens and buildings have gone up in flames amid mass protests as MPs prepare to vote on a crucial debt deal needed to prevent bankruptcy.

Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp.

GREEK police used tear gas on petrol bomb-throwing protesters outside parliament where lawmakers were debating a new austerity plan aimed at staving off bankruptcy.

Greek lawmakers on Sunday began debating legislation introducing severe austerity measures necessary for the country to secure a €130 billion bailout from the European Union and the International Monetary Fund and stave off bankruptcy.

Michael Mendes is looking at more than just a dream dying. The 48-year-old son of Azorean immigrants had taken what was a Northern California walnut cooperative and turned it into a company poised to become one of the biggest snack food makers in the world.

Barclays Plc asked a U.S. District judge to enforce a $50 billion deal struck in 2008 to buy bankrupt Lehman Brothers Holdings Inc.

Nearly 20 years ago, former Virginia governor L. Douglas Wilder announced that he wanted to create a museum that would tell the story of slavery in the United States.

In October, singer T-Boz filed for Chapter 13 bankruptcy, claiming that she owed $768,642.99 to numerous creditors.

They're the financial files from hell - bankruptcies so badly administered that federal bureaucrats have to step in to salvage them.

Greece's Cabinet approved austerity measures demanded in return for a new eurozone bailout of the debt-stricken country Saturday, a day ahead of a crucial vote in Parliament.

The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures - essential if Greece is to get a new bailout deal worth a 130 billion and stave off bankruptcy.

European ministers have demanded even more cuts from Greece just hours after Athens agreed a fresh austerity package in exchange for a 130billion euro bailout.

Figures released on Thursday by The Commercial Record showed a decrease in the number of personal bankruptcy filings in Connecticut during the fourth quarter of 2011,A according to The Day .

The trustee overseeing MF Global's liquidation said Friday that the shortfall between the funds under his control and the amount customers of the failed brokerage are expected to claim is at least $1.6 billion.