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Business News tagged with bankruptcy

CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake
Business  (tags: business, CIT Group, government, news, bankruptcy, corporate, dishonesty, usa, economy )

Cal
- 6 days ago - bloomberg.com
CIT Group Inc.'s decision to seek court protection probably will keep money flowing to bondholders and 1 million customers of the 101-year-old commercial lender. Shareholders and taxpayers won't be as fortunate.
2 comments
Bashas' Announces 14 Store Closings
Business  (tags: Bankruptcy, closing, store, consumers, money )

Lone
- 90 days ago - azcentral.com
CHANDLER, Ariz. - Bashas' food stores said it plans to ask permission from a judge to close 14 underperforming stores as part of its Chapter 11 bankruptcy filing.
2 comments
CIT Talks Fall Apart, Bankruptcy Looms
Business  (tags: business, finance, economy, government, bankruptcy )

Cal
- 115 days ago - reuters.com
CIT Group Inc (CIT.N), a lender to hundreds of thousands of small and mid-sized U.S. businesses, said bailout talks with the government had ended, a development that could ultimately drive the company into bankruptcy.
1 comment
Six Flags Files for Chapter 11
Business  (tags: business, consumers, debt, economy, money, Bankruptcy )

Kathy
- 147 days ago - bizjournals.com
Debt-ridden amusement park operator Six Flags, controlled by Washington Redskins owner Dan Snyder, has filed for Chapter 11 bankruptcy reorganization.
4 comments
Grand Theft Auto: How Stevie the Rat Bankrupted GM
Business  (tags: Greg_Palast, GM, Steven_Rattner, pension_plan, bankruptcy )

Just
- 160 days ago - gregpalast.com
When a company goes bankrupt, everyone takes a hit: fair or not, workers lose some contract wages, stockholders get wiped out and creditors get fragments of what's left. That's the law. What workers don't lose are their pensions . . .
30 comments
GM and Chrysler in Fast Lane to Bankruptcy?
Business  (tags: automotive industry, GM, Chrysler, automakers, financial crisis, bankruptcy, finance, business, money, u.s., world, news, economy, economic crisis, americans, consumers, corporate, debt, government, humans, investors, law, usa )

SirRobert
- 221 days ago - msnbc.msn.com
"It'll be alright?" Experts say a managed reorganization may now be the only possible financial option available, but unlikely to succeed. Who Will Be In This Driver's Seat?
4 comments
Former Lehman Brothers CEO Subpoenaed
Business  (tags: u.s., americans, business, consumers, corporate, debt, economy, finance, bankruptcy, investors, law, money, lies, news, society )

SirRobert
- 385 days ago - money.cnn.com
Former Lehman Brothers CEO Richard Fuld has received grand jury subpoenas, along with at least 12 other executives, originating from 3 grand jury probe investigations into the largest bankruptcy in U.S. history. Somebody must pay!
6 comments
GOP's Grassley Questions Bear Stearns Bailout
Business  (tags: Bailout, Bankruptcy, Bear Stearns )

Barry
- 595 days ago - opednews.com
The Senate Finance Committee's top Republican on Thursday questioned the Federal Reserve's bailout of Bear Stearns and whether the action may have benefited top executives at the expense of shareholders.
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Partying Like It's 1929
Business  (tags: 1929 Or Great Depression, Bank Failure, Banking Crime, Bankruptcy, Stockmarket )

Barry
- 595 days ago - nytimes.com
Contrary to popular belief, the stock market crash of 1929 wasn�t the defining moment of the Great Depression. What turned an ordinary recession into a civilization-threatening slump was the wave of bank runs that swept across America in 1930 and 1931.
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Still Got That Worthless Piece Of Plastic?
Business  (tags: money, business, consumers, debt, economy, bankruptcy, gift cards )


- 612 days ago - theday.com
Gift cards become useless if retailer seeks bankruptcy
1 comment
Countrywide Denies Bankruptcy Rumors
Business  (tags: bankruptcy, rumors, mortgages, finance, money )


- 669 days ago - news.yahoo.com
Shares of Countrywide Financial Corp., the nation's largest mortgage lender, partially recovered from a midday plunge Tuesday after the company denied rumors that it was planning to file for bankruptcy protection.
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