Gulf Oil Spill

BP Bankruptcy Looming?

Can BP can financially survive the disaster in the Gulf?  Sure, the oil giant is a diverse, international money-making machine, but the Guardian reported Monday that BP had already [...] Continue Reading…

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Garlock Sealing Technologies Files For Chapter 11 Protection

Garlock Sealing Technologies Files For Chapter 11 Protection

Garlock Sealing Technologies LLC, a maker of industrial gaskets and sealing systems, filed for Chapter 11 protection Saturday in North Carolina along with two affiliates in order [...] Continue Reading…

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Bonds May Push Cities to Bankruptcy

Bonds May Push Cities to Bankruptcy

June 7 (Bloomberg) — The bonds designed by the U.S. government to help municipalities recover from the worst recession since the Great Depression may cost them millions of dollars [...] Continue Reading…

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G-20 Is Nearing Accord on New Capital Rules

G-20 Is Nearing Accord on New Capital Rules

BUSAN, South Korea — World financial leaders pledged Saturday to push ahead on curbing deficits and crafting financial reforms to safeguard the global recovery, including making banks [...] Continue Reading…

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