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{ Monthly Archives } December 2009

Credit Reports and Debt Collector Harassment Videos

Credit Reports and Debt Collector Harassment Videos

Trucker YRC’s debt exchange succeeds, shares drop (Reuters)

Reuters – U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. Read this article: Trucker YRC’s debt exchange succeeds, shares drop …

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Trucker YRC’s debt exchange succeeds, shares drop

OVERLAND PARK, Kansas (Reuters) – U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. See the original post: Trucker YRC’s debt exchange succeeds, …

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General Growth net loss narrows in November

NEW YORK (Reuters) – Bankrupt shopping mall owner General Growth Properties Inc, which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing. View original post here: General Growth net loss narrows in November

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JAL shares dive to record low on bankruptcy fears

DATELINE: TOKYO (AP)– JAL shares dive to record low on bankruptcy fears Shares of struggling Japan Airlines Corp. nosedived to a record low Wednesday on growing fears the money-losing carrier could be put through bankruptcy court as part of restructuring. Asia’s biggest airline, known as JAL, clo Read the original here: JAL …

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NY’s Tavern on the Green restaurant bites the dust

DATELINE: NEW YORK (AP)– NY’s Tavern on the Green restaurant bites the dust Tavern on the Green, once America’s highest-grossing restaurant, is singing its culinary swan song. The former sheepfold at the edge of Central Park, now ringed by twinkling lights and fake topiary animals, is preparing f Originally posted here: NY’s …

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AP-GfK Poll: 2009 was bad for America, Americans

DATELINE: WASHINGTON (AP)– AP-GfK Poll: 2009 was bad for America, Americans For all their differences, Americans largely agree on two things: 2009 was a lousy year for the nation, and 2010 is likely to be better. Nearly three-fourths of Americans think 2009 was a bad year for the country, which …

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GM continues with Saab shutdown as talks continue

DATELINE: NEW YORK (AP)– GM continues with Saab shutdown as talks continue General Motors Co. is pressing ahead with plans to shut down Saab, though it will continue to hear bids for the Swedish car brand, a company spokesman said Wednesday. Tom Wilkinson said the automaker is not commenting on …

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Portsmouth could be 1st EPL club declared bankrupt

DATELINE: LONDON (AP)– Portsmouth could be 1st EPL club declared bankrupt Portsmouth could become the first Premier League soccer club to be declared bankrupt after being given a deadline to clear its debts by British revenue officials. HM Revenue and Customs filed a winding-up petition against P View post: Portsmouth could …

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JAL shares down 25 percent as bankruptcy worries mount

TOKYO (Reuters) – Shares of Japan Airlines Corp tumbled as much as 32 percent to a record low on Wednesday as expectations grew the struggling carrier will be restructured in bankruptcy court as part of a state bailout. Go here to read the rest: JAL shares down 25 percent as bankruptcy …