Taxpayers Lose $2.3 Billion with CIT Bankruptcy

ProPublica 2 weeks ago Region: United States

CIT filed for bankruptcy protection [1] on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion stake [2] in the company.  CIT, which specializes in lending to small and midsiz... more

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The Coffeehouse Pediatrician

Dean Walker 5 months ago Region: United States

If anyone exemplifies our national need for single-payer healthcare it is Dr. Pierrette Mimi Poinsett. I first met Dr. Mimi a few months ago at a coffeehouse in Petaluma, California. It was easy to notice her warm smile. I... more

Views: 545 Rating:

GM stock doubles after bankruptcy

Joe Gallagher 5 months ago Region: Canada

After all we have been through with the market meltdown, crumbling financial institutions, overleveraged home buyers and irrational exuberance in the stock market. We still have not learned our lesson when it comes to gree... more

Views: 719 Rating:

Chrysler: Death of an American Automaker in Ohio

Kevin Lockett 6 months ago Region: United States

When my father left the army back in the early 1960's, my grandfather advised him to apply for a position at the Chrylser stamping plant in Twinsburg, Ohio. Although the plant was an hour away from Akron, my grandfather k... more

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How to Find Reputable Credit Counseling Agencies

Angel Sharum 7 months ago Region: United States

  Credit Counseling Agencies help people through debt consolidation, financial education, and by teaching good credit practices. They will contact creditors to reduce interest rates, extend loans, eliminate finance c... more

Views: 461 Rating:

Boscov's Department Stores File Chapter 11 Bankruptcy

Ground Report a year ago Region: Pennsylvania

Boscov's Department Stores, the country's largest family-owned independent department store chain, has filed chapter 11 bankruptcy. The company will close 10 stores and is up for sale. Boscov's is headquartered in Reading... more

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Iceland Nationalizes Third Major Bank, Halts Stock Trading

Finding Dulcinea a year ago Region: Iceland

In a move to prevent its teetering economy from falling into bankruptcy, Iceland ceased all trading on its stock exchange until Monday, and took over Kaupthing, the country's largest bank. Awash in Red On Thursday,... more

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Wall Street tumbled after the collapsed of Lehman Brothers Inc

ARC IDEA CO a year ago Region: New York

It was a trading session on 16 September 2008. Dow Jones Industrial Average Index, DJI was seen deeply in red along side with its comtemporary like Nasdaq, S&P 500 and so on. Global markets were thrown in a state of panic ... more

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Lehman says it will file for bankruptcy

Online Reporter a year ago Region: California

End of an era on the Wall Street! Lehman Brothers, one of the most respected investment banking firm says, it will file for bankruptcy. Lehman was looking for buyers last week, after it has announced a 4 billion loss owin... more

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The Bright Side of the End of Bennigans

Doug DuCap a year ago Region: United States

With the recent news that restaurant chains Bennigans and Steak and Ale are declaring bankruptcy, a possible silver lining is starting to emerge from the dark clouds of the American casual dining scene; the rise of the loc... more

Views: 466 Rating: No Rating