Economics News continually updated from thousands of sources around the net.
3 hrs ago | Wall Street Journal
What group supports free markets and tax cuts but also likes legal pot, universal health care and Hillary Clinton ? You're looking at your future, America.
Trending on the Topix Network
7 hrs ago | WOZZ-FM Appleton
The Wisconsin International School filed for bankruptcy Thursday, according to court documents.
Ballots had to be received no later than 5 p.m. EDT by a consulting company in California to be counted in the largest municipal bankruptcy in U.S. history.
Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records.
The secretary of state's office is holding a hearing on possible violations of state lobbying laws in the 38 Studios deal.
Gering-based Community Action Partnership of Western Nebraska says it is filing for bankruptcy protection from its creditors.
Developer Patrick Turner appears to have found an investor that has pulled his Westport Waterfront project from the clutches of foreclosure.
New York-based investment bank Miller Buckfire is expected to collect a fee of $28 million if the city of Detroit is able to restructure its debt in bankruptcy, according to an internal city document obtained by the Free Press.
The New York company said it is in talks with "various interested parties" and could restructure its business days after closing its stores.
Liquidating trustee of Dewey & LeBoeuf , Alan Jacobs, is arguing that his clawback lawsuit against two former law firm heads should not be stayed as they face criminal charges, according to The New York Law Journal.
Young women are more likely to find themselves falling into personal insolvency than men of the same age, official statistics show.
Technology-savvy Kiwis can now pay their Slingshot broadband bills with Bitcoins after the internet service provider said it would begin accepting the digital currency as a form of payment.
Backers of the virtual currency bitcoin are beefing up their Washington presence as they seek to shape government oversight of the fledgling payment system.
The company says it reduced its debt by $1.2 billion while eliminating $192.8 million in amortization payments and $40 million in annual interest payments.
Cuts approved by the City Council have led to protests from city workers, including police and fire staff, who say they cannot afford the changes and feel betrayed by a city they have served and protected.
Treasures in the Detroit Institute of Arts eyed for sale by some creditors in the city's historic bankruptcy could be worth more than $4.6 billion, but likely would fetch a quarter of that or less in a forced liquidation, according to a new report.
Updated: Sat Jul 12, 2014 09:21 am
Copyright © 2014 Topix LLC