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Crabtree & Evelyn Files for Chapter 11 Bankruptcy Protection »

From Getty Images  |  2009-07-02 21:01:26

7 more banks fail as FDIC mulls rules for sales »

From AP News  |  2009-07-03 00:02:36

7 more banks fail as FDIC seeks stronger rules for buyers of failed banks

Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks. Regulators shut down John Warner Bank of Clinton, Ill.; First State Bank of Winchester in Winchester, Ill.; Rock River Bank of Oregon, Ill.; Elizabeth State Bank of Elizabeth, Ill.; Danville, Ill.-based The First National Bank of Danville; Founders Bank of Worth, Ill.; and Dallas-based Millennium State Bank ...

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GM and Chrysler's bankruptcy cases at a glance »

From AP News  |  2009-07-02 22:33:57

GM and Chrysler's bankruptcy cases at a glance

A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC: GENERAL MOTORS — DAY 32 WHERE DOES IT STAND?: Thursday marked Detroit-based GM's 32nd day under court protection. Closing arguments in GM's sale hearing wrapped up Thursday afternoon. GM wants to sell the bulk of its assets to a new government-controlled company, which would allow it to shed many of the costs and liabilities that have made it unprofitable in the past ...

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GM bankruptcy exit hearing closes »

From AFP Global Edition  |  2009-07-02 22:00:27

The fate of General Motors was placed in the hands of a New York judge Thursday who must decide whether the largest US automaker can execute a swift exit from bankruptcy protection by selling its best assets to a new company. "We're adjourned," Judge Robert Gerber said around 4:00 pm (2000 GMT) after three days of hearings in which a host of creditors mounted objections to the plan which will create a leaner GM unburdened by old debts and supported by billions in government loans. GM's lawyers ...

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Dead retailers live on the Internet »

News & Observer, North Carolina 7/4/2009 2:22:48 AM

Circuit City. Linens 'N Things. Bombay Co. They're all out of business, their stores shuttered, many employees laid off. . . But according to their ...

 

IDT completes acquisition of Tundra Semiconductor »

Military & Aerospace Electronics 7/4/2009 3:44:57 AM

Integrated Device Technology Inc. (IDT), a provider of essential mixed signal semiconductor solutions, completed its acquisition of all the shares...

 

Tesco survives protest vote over share option plan Tesco narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should do more to help migrant workers. »

Yorkshire Post, UK 7/4/2009 3:37:18 AM

Tesco narrowly survived a big investor protest over changes to its management share option plan and more comfortably saw off complaints it should...

 

Numbers bleak for Chrysler »

The News Journal 7/4/2009 4:01:45 AM

The latest numbers on auto sales show that Chrysler needs to quickly figure out how to navigate the car market as deftly as it did bankruptcy...

 

RTE planning hike in licence fee »

Irish Examiner 7/4/2009 3:45:29 AM

VIEWERS face the prospect of paying more for their TV licence to help offset potential losses of €68 million at RTE.. . The broadcasting authority...

 

Reform trumpet sounds again »

Daytona Beach News-Journal 7/4/2009 3:40:53 AM

The Bank for International Settlements -- kind of a central bank for central banks -- has jumped on the economic reform bandwagon.. In its annual...

 

 
 

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