Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.» Read More
Oct 23- Strong demand for W.R. Grace& Co's construction, packaging and coatings materials helped quarterly profit scrape past analysts' estimates, even as prices of chemical catalysts, its main business, remained low.
*Third-qtr earnings 99 cents/ shr vs loss of $1.49 year earlier. Oct 22- CIT Group Inc reported its third straight quarterly profit that also beat analysts' estimates as the century-old small-business lender benefited from lower interest payments on its long-term debt.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
"Did you know that a silent killer is lurking in your company? We’re talking about workplace frustration, which can undermine the energy, enthusiasm, and performance of your best talent."