Xyience filed under Chapter 11 in March of 2008

Xyience filed under Chapter 11 in March of 2008, which provides protection from creditors and allows the company to try and put together a r...

Michael Vick was back in Atlanta, the city where he rose to football stardom, but as a prisoner

Michael Vick was back in Atlanta, the city where he rose to football stardom, but as a prisoner rather than a player, an official said Frida...

Bankruptcy proceedings by current owner, Magna Entertainment Corp.

Bankruptcy proceedings by current owner, Magna Entertainment Corp., have thrown the future of the race and the track into question. Marylan...

Standard and Poor’s Rating Services lowered its debt ratings for Chrysler LLC and General Motors Corp

Standard and Poor’s Rating Services lowered its debt ratings for Chrysler LLC and General Motors Corp., and added that bankruptcy is likely ...

Michael A. Daly, 55, of Danvers, Mass., engaged in a scheme to defraud Cisco.

Michael A. Daly, 55, of Danvers, Mass., engaged in a scheme to defraud Cisco. Daly repeatedly created fictitious personal and company names,...

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UBS raised concerns over whether Macquarie's capital levels were adequate for the current bear market

MACQUARIE Group shares pushed near decade-long lows, capping off a downbeat week for the investment bank during which it took the rare step ...

European Central Bank has denied that it has suffered billions in losses due to loans to banks guaranteed with toxic assets.

European Central Bank has denied that it has suffered billions in losses due to loans to banks guaranteed with toxic assets. In a message fr...

Royal Bank of Scotland on Thursday reported a loss of 24.1 billion pounds for 2008

Royal Bank of Scotland on Thursday reported a loss of 24.1 billion pounds for 2008, the biggest in British corporate history, and said it pl...

Trump Entertainment Resorts Inc, Donald Trump's casino group, filed for Chapter 11 bankruptcy protection

Trump Entertainment Resorts Inc, Donald Trump's casino group, filed for Chapter 11 bankruptcy protection on Tuesday, court documents sho...

UBS revealed the devastating effect of the credit crunch yesterday as full-year losses hit Sfr19.7bn (£11bn) in 2008

UBS revealed the devastating effect of the credit crunch yesterday as full-year losses hit Sfr19.7bn (£11bn) in 2008, the largest in Swiss c...

Banks in Florida, Maryland and Utah were closed, bringing the total number of failed banks this month to six, the worst month for failures

Banks in Florida, Maryland and Utah were closed, bringing the total number of failed banks this month to six, the worst month for failures s...

Too big to fail massive giveaway of public money has been devoted to a wide range of fraudulent programs

Using the “too big to fail” scare tactic, the U.S. government has kept a number of terminally ill Wall Street gamblers on an expensive life-...

Prices for all car bands could fall by between 40 and 50 percent during the next three months as a result of the global economic downturn.

Nissan Middle East has shrugged off rumours that car prices will fall this year pointing out that the high appreciation of the Japanese yen ...

Satyam Computer Services Ltd ,State Farm Insurance Co has terminated its contract

Fraud-hit Satyam Computer Services Ltd said on Monday a U.S.-based client had cancelled its contract, dealing a blow to the embattled Indian...

Anglo Irish Bank nationalised

The Irish government said on Thursday it would nationalise Anglo Irish Bank (ANGL.I) because its viability was of systemic importance to Ire...

Santander, the Spanish owner of Abbey and Alliance & Leicester, looks likely to miss its ambitious €10 billion (£9 billion) profit target for 2008

Santander, the Spanish owner of Abbey and Alliance & Leicester, looks likely to miss its ambitious €10 billion (£9 billion) profit targe...

UIQ Technology, which develops the interface for Symbian UIQ, seems no longer able to meet its debts and is in bankruptcy.

The company UIQ Technology, owned 50:50 by Sony Ericsson and Motorola, will soon close its doors. It has just been placed under the Swedish ...

FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks

The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks...

Secret loans to Anglo Irish Bank directors.

Mr Neary bowed out after a report was presented to the board of the Financial Regulator on the loans scandal at State bailed-out Anglo Irish...

Higher gas price with transit tariff unchanged will bankrupt gas transportation system

Ukrainian President Viktor Yushchenko says increase in the Russian natural gas price without a simultaneous increase in the cost of its tran...

metro Atlanta observers are already calling the city the epicenter for U.S. bank failures

2008 ranked as one of the worst years for banking since the Great Depression. 2009 may become the worst ever. Bankers, industry experts and...

Indian software company Satyam

Ramalinga Raju, who said the firm had exaggerated cash reserves by some $1bn (£661m), and his brother Rama have been charged with criminal c...

South Korea's 5th largest automaker, Ssangyong Motor Co., has gone bankrupt

The US automakers are not the only ones that have been hit hard by the high price of gas last year followed by the global economic meltdown....

25.8% of 182 large retailers are at significant risk of filing for bankruptcy

Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPar...

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Cor...

US has seen the collapse of 25 banks this year, with two entities going belly up on average each month.

Reeling under a recession that's getting worse, the US has seen the collapse of 25 banks this year, with two entities going belly up on ...

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff are waiting to hear how much of their stake ...

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. Senate seat

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. S...

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year since Congress overha...