bankruptcy – News Stories About bankruptcy - Page 24

Aug 7, 2007 8:13 PM CDT

Bear Stearns Takes Refuge in Caribbean

Bankrupt hedge funds ticketed for liquidation in friendly Caymans

(Newser) - Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands—a move that will give creditors and investors less access to their money. Bloomberg forecasts a court battle over the tactic, which an analyst said...

Stocks Surge as Jitters Remain

Aug 2, 2007 4:36 PM CDT

Stocks Surge as Jitters Remain

(Newser) - The Dow was up 100.96 today—mostly in late trading—closing at 13,463.33 after Asian markets made a partial recovery from its recent hemorrhage and some rare good news emerged from the housing market. Retail and tech winners beat losers; Nokia, Motorola, CVS, and Hewett-Packard all put...

Ronco Goes Bankrupt

Jun 16, 2007 4:49 PM CDT

Ronco Goes Bankrupt

(Newser) - But wait, there’s more, as pitchman Ron Popeil liked to say. Ronco, maker of Veg-o-matic, Chop-o-matic, Popeil’s Pocket Fisherman, and an endless array of consumer items sold through infomercials, has filed for Chapter 11 bankruptcy protection. While founder Ron Popeil had sold the company in 2005, he remains...

International Banks Face Trial in Italian Court

Jun 13, 2007 10:15 AM CDT

International Banks Face Trial in Italian Court

Morgan Stanley, others indicted in wake of Parmalat bankruptcy

(Newser) - Four gold-plated investment banks have been ordered to stand trial for alleged market manipulation for their roles in advising Italian dairy giant Parmalat, which declared bankruptcy in 2003. Italian prosecutors say Morgan Stanley, Deutsche Bank, UBS, and Citigroup allowed Parmalat to manipulate its finances, helping it to defraud investors even...

Delta Flies Out of Bankruptcy

Apr 30, 2007 11:28 AM CDT

Delta Flies Out of Bankruptcy

(Newser) - Delta has emerged from bankruptcy, riding an aggressive restructuring plan to exit Chapter 11 a year ahead of schedule. The No. 3 domestic airline, which staved off a hostile takeover bid from US Airways this year, used court-enforced protections to secure cuts to wages and pension programs as it shored...