Bankruptcy

  • Indians lose crores in bitcoins as Tokyo Bitcoin exchange Mt. Gox goes bankrupt 02-03-2014 12:38 PM

    New Delhi: In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest bitcoin exchange so far. Having filed for bankruptcy, Mt Gox has admitted to have lost...
  • Tokyo Bitcoin exchange Mt. Gox files for bankruptcy, hit with a lawsuit 01-03-2014 03:01 PM

    Tokyo: Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system. The collapse caps a tumultuous few weeks in which the...
  • Rihanna blames accountant for bankruptcy 13-02-2014 12:48 PM

    Los Angeles: Singer Rihanna claims that her accountant made so many wrong decisions that he blew her fortune and she was "effectively bankrupt" by the end of 2009. Tmz.com reports that the singer claims in new legal documents that she had $11 million in cash at the beginning of 2009....
  • SAD-BJP government has created a financial mess in Punjab: Tewari 06-08-2013 02:18 AM

    Union Information and Broadcasting Minister Manish Tewari on Monday said the SAD-BJP government in the state owed an explanation to the people of Punjab over the financial mess they have created in the state. The consequences were obvious and the state is not even able to make routine payments, he...
  • US: Judge stops lawsuits against Detroit bankruptcy 25-07-2013 03:41 AM

    Detroit: A federal judge agreed with Detroit today and stopped any lawsuits challenging the city's bankruptcy, declaring his courtroom the exclusive venue for legal action in the largest filing by a local government in US history. The decision by US Bankruptcy Judge Steven Rhodes was a major victory for Detroit,...
  • US: Auto capital of the world Detroit files for bankruptcy 19-07-2013 07:30 AM

    Washington: Automaking capital, Detroit became the largest US city ever to move for bankruptcy, with a liability running into $18 billion. "Today I authorised Detroit's emergency manager to seek federal bankruptcy protection for the City of Detroit. This is a difficult, painful step, and it is one I would not...
  • Flashback: Eastman Kodak Co. 20-01-2012 06:22 PM

    Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America's best-known companies. Here's a flashback into Kodak's past. (Photo: A Kodak retracting bellows camera with anastigmatic lens.)May 5, 1894:  An advertisement for the Kodak Camera. Original Publication: The Graphic - pub. 1894.1950:  An early Kodak box camera on display at the New York Historical Society's exhibition of 'Firsts'.
  • Kodak may file for bankruptcy: Report 05-01-2012 01:10 PM

    New Delhi: Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, The Wall Street Journal reported on Wednesday. The once-iconic photographic film pioneer is in talks with potential lenders to secure about $1 billion in debtor-in...
  • Lehman Brothers close to naming a new board 05-12-2011 11:04 AM

    New York: The bankruptcy estate of Lehman Brothers Holdings is close to naming a new board of directors to help finish winding down the collapsed financial firm, the Wall Street Journal said, citing people familiar with the matter. The new board, made up of seven experts in restructuring, real estate...
  • American Airlines files for bankruptcy 30-11-2011 08:37 AM

    Washington: American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest US carrier. AMR Corp, the parent of American Airlines, also filed for bankruptcy and replaced its...
  • Greece vows to stay in the euro zone 25-09-2011 07:46 PM

    Washington: Greek Finance Minister Evangelos Venizelos sought to reassure nervous markets and EU partners on Saturday by pledging his debt-ridden country would do whatever it takes to avoid default and stay in the euro zone. During an IMF meeting in Washington that was dominated by fears that Greek debt woes...
  • Lehman examiner: Questions should have been asked 16-09-2010 12:02 PM

    New York: It's exactly 2 years to the day Wall Street giant Lehman Brothers filed for bankruptcy, sending shock waves across the financial world. Lehman Brothers was hurt by a decline in real estate values and a financial crisis caused by lack of liquidity. Until today, Lehman's bankruptcy is the...
  • Watch: Honda introduces the Fireblade 06-06-2009 09:55 PM

    Blast off in Honda's latest offering, the 1000RR Fireblade. ...
  • How GM plans to use $30 mn to get back into top gear 02-06-2009 09:15 AM

    Auto major getting $30 bn in taxpayer bailout money. ...
  • GM files for bankruptcy protection 01-06-2009 06:09 PM

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  • Factbox: Why does auto industry matter 30-04-2009 10:54 PM

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