It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
Posts Tagged ‘bankruptcy’
Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
Tags: 2012, AIG, au, bank, bankruptcy, ben, business, businesses, China, citigroup, company, credit market, crisis, Debt, deficit, depression, economic, economic growth, economic recovery, economy, euro, Europe, fed, financial, financial crisis, glo, global credit, global economic, government, great depression, great recession, Invest, investment, investor, investors, job, money, rate, recession, sales, stock, stock market, stocks, united states, us, wall street
more...Suspect in Orlando office shooting had money woes
November 6th, 2009 by Financial Writer
A man so broke that he said he didn’t have the money to visit his son 30 minutes away opened fire Friday at the engineering firm that fired him two years ago, killing one person and wounding five, authorities said.
As officers led a handcuffed Jason Rodriguez into a police station, a reporter asked the divorced [...]
Tags: bankruptcy, financial, killing, money
Commercial lending giant CIT files bankruptcy
November 2nd, 2009 by Financial Writer
Lender CIT Group has filed for bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing to the thousands of mid-sized and small businesses.
CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed. CIT said in a statement that its bondholders have overwhelmingly [...]
Tags: bankruptcy, businesses, commercial lending, Debt, economy
Denied motion to fast-track GM sale appeal
July 8th, 2009 by Financial Writer
The sale of most of General Motors’ assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.
The sale remains scheduled to close by July 10.
On Tuesday, a group representing people with [...]
Tags: bankruptcy, General Motors' assets, GM sale appeal