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Economics News

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

1 hr ago | The Fresno Bee

Dan Walters: Stockton bankruptcy judge seeks fnal answer on pension status

Ever since Stockton filed for bankruptcy two years ago, Judge Christopher Klein has strongly hinted that he's willing – perhaps even eager – to declare that city employee pension obligations are debts that could be trimmed along with those of more conventional creditors.

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Related Topix: Pension, Personal Finance, Bankruptcy, Stockton, CA, San Bernardino, CA

2 hrs ago | Wall Street Journal

Bond Insurer Takes On Detroit

Detroit expected a bruising battle with everyone from major banks to municipal unions when it filed its bankruptcy case last year.

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Related Topix: Bankruptcy

6 hrs ago | Journal Gazette

Small biz learns from hard times

Mark Viggiano, owner of Viggiano's Italian BYOB, in background, lost his restaurant during the recession and reopened it about a year ago.

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Related Topix: Small Business, Personal Finance, Bankruptcy

Sun Jul 13, 2014

Reuters

Exclusive: Prosecutors' case against GM focuses on misleading statements

Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.

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Related Topix: Criminal Defense Law, Law, Bankruptcy, Toyota Motor, Automakers

The New Zealand Herald

Former rich-lister pleads not guilty

Jamie Peters, who made the National Business Review Rich List in 2006 with an estimated fortune of $40 million, was declared bankrupt in 2009 owing more than $100 million.

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Related Topix: Bankruptcy

Daily Kos

Full Circle:Detroit Bankruptcy, An Unique Opportunity To Transfer Wealth, Assets-March2013 Interview

"Looking back on the nearly 18 month period since the City of Detroit entered the roads leading to U.S. Bankruptcy Judge Steven Rhodes Court, we reflect on the variety of twists and turns traveled.

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Related Topix: Bankruptcy, Detroit, MI, Rick Snyder, US Governors, US News, Liberal Political News

The Campbell Reporter

Internal Affairs: Will San Jose's Camera 12's screens fade to black?

With the bankruptcy and closure of the San Jose Rep, San Jose's cultural and entertainment meccas downtown continue to face difficult times.

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Related Topix: Bankruptcy, Theater, Arts, Santa Clara County, CA, San Francisco County, CA, San Francisco, CA

The Salinas Californian

New cooperative tone helps Detroit weather bankruptcy

A year into Detroit's historic bankruptcy, state-appointed emergency manager Kevyn Orr says the mayor and City Council are ready to run the city once his tenure ends in September.

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Related Topix: Bankruptcy, Wayne State University

Iol.co.za

Talks over free tertiary study for the poor

The government is in talks with universities and other higher education institutions over the possibility of curbing fee increases and introducing free tertiary study for poor students.

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Related Topix: Bankruptcy

Sat Jul 12, 2014

Forbes.com

Major Chinese Exchanges Poised To Roll Out Bitcoin Banking Services

Okcoin and Huobi, two leading Chinese cryptocurrcency exchanges, have unveiled their Bitcoin wealth management schemes recently.

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Related Topix: Bitcoin

Business Journal

Crumbs lives to bake another day

Take heart, fans of expensive cupcakes: Crumbs is getting another chance. The New York-based chain, which has four locations in Massachusetts, filed for Chapter 11 bankruptcy protection as part of a deal that will place the company in the hands of CNBC star Marcus Lemonis and Fischer Enterprises.

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Related Topix: Bankruptcy

Clover Herald

Former bookkeeper to serve prison time for Clover church theft

Stroupe, 67, was sentenced to serve 24 months in prison and ordered to pay the church more than $610,000 in restitution.

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Related Topix: Prison, Bankruptcy

Wall Street Journal

Poll finds Millennials Pro-Pot, Anti-Tax, Unsure on BitCoin

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.

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Related Topix: Bitcoin, Hillary Clinton, US Politics, US News, Barack Obama, US Senate, Republican, Senator Rand Paul, Social Security, Personal Finance

WOZZ-FM Appleton

De Pere school goes the bankruptcy route

The Wisconsin International School filed for bankruptcy Thursday, according to court documents.

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Related Topix: De Pere, WI, Bankruptcy

Detroit News

Sources: Detroit's debt-cutting plan headed for approval by retirees

The city's $7 billion debt-cutting plan appeared to have the support of Detroit retirees on Friday after early returns showed pensioners favoring the proposal in significant numbers, sources told The Detroit News.

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Related Topix: IGN Entertainment, Pension, Personal Finance, Retirement, Bankruptcy

Fri Jul 11, 2014

Bradenton.com

Cutoff passes in Detroit bankruptcy creditor vote

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.

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Related Topix: Bankruptcy, Pension, Personal Finance

Tri-cityherald.com

$900K in debt, Nienow files for bankruptcy

Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records.

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Related Topix: Bankruptcy, Small Business, Personal Finance

Turnto10.com

Hearing on 38 Studios lobbying questions begins

The secretary of state's office is holding a hearing on possible violations of state lobbying laws in the 38 Studios deal.

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Related Topix: 38 Studios, Bankruptcy

KHGI

Western Nebraska Nonprofit Filing for Bankruptcy Protection

Gering-based Community Action Partnership of Western Nebraska says it is filing for bankruptcy protection from its creditors.

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Related Topix: Western, NE, Bankruptcy, Non-Profit

Business Journal

Pat Turner might have just saved his Westport project

Developer Patrick Turner appears to have found an investor that has pulled his Westport Waterfront project from the clutches of foreclosure.

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

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