World news about “Bankruptcy” published by euronews.
Suntech runs into bad weather A cloudy outlook for Suntech, one of the world’s leading solar panel makers. In the face of falling prices due to oversupply, the Chinese company’s main… 21/03/2013
HMV boss says confident firm will survive Digital downloads have claimed another top retailer as British entertainment chain HMV calls in the administrators. That follows Virgin France’s… 15/01/2013
Virgin France workers protest at closure threat In France it is being seen as a symbol of the losing battle being fought by traditional music stores against the ever-dominant world of digital… 09/01/2013
Virgin unions blames bosses for bankruptcy France’s Virgin Megastore has confirmed it will formally ask a court to declare it insolvent on Wednesday. That follows the collapse of sales of CDs and… 08/01/2013
Global crisis catches up with northern Italy It is one of Europe’s richest regions, but growth is slowing. Formerly flourishing businesses in northern Italy are closing or outsourcing as the global… 14/09/2012
Japanese utility company profits slump The Tokyo Electric Power Company has reported an annual loss of around 7.6bn euros. Most of the losses are due to compensation claims for the Fukushima… 14/05/2012
Europe Weekly On Europe Weekly this week, as the Greek bail-out delays bankruptcy, at least for now, we will discover why Hungary’s EU aid package has been put on… 24/02/2012
Debt grounds Hungary’s Malev Hungary’s debt ridden state owned airline Malev has ceased operating after running out of money. Hungarian Prime Minister Viktor Orban said the decision to… 03/02/2012
Kodak prepares for Chapter 11 filing: report Eastman Kodak is reportedly preparing to file for bankruptcy protection from its creditors in case it is unable to sell its digital patents to raise… 05/01/2012
In theatres near you: ‘Saving Private Banks’ The banking sector is in the spotlight in this edition of Business Weekly. A growing number of European banks is threatened with downgrading by rating… 14/10/2011
End of the road for Saab? How close is Saab to reaching the end of the road? Several reports say the administrator in charge of the Swedish car maker’s restructuring under court… 11/10/2011
Dexia – first of many? The fragility of Europe’s banks has been highlighted by the implosion of Franco-Belgian lender Dexia. It has had to be rescued by the French and Belgian… 10/10/2011
Dexia rescue hides black hole for Europe’s banks? Dexia Tower in Brussels has not come tumbling down, but it was a close run thing for the world’s number one lender to local authorities. A marathon… 10/10/2011
Kodak bankruptcy fears roil shares Eastman Kodak shares have been on a wild rollercoaster ride. They bounced back on Monday after losing more than half their value on Friday. The recovery… 03/10/2011
Greek debt: Beware banks bearing giftsOn May 2, 2010, the Greek government penned an agreement with the IMF and EU in a last ditch attempt to keep the wolf from the door, namely: bankruptcy. In… 15/06/2011
Brittany Ferries ‘faces bankruptcy unless deal signed’The future of Brittany Ferries in France is in the balance, says the company, amid a stand-off between management and employees who went on strike over… 29/09/2012
Haircut pulls Greece back from bankruptcy brinkIt is not every day that a trim can be described as a turning point. But Greece’s haircut has made history hence talk of little else at one barber’s shop… 10/03/2012
Passengers stuck as Hungary’s Malev collapsesHundreds of passengers have been stranded by the demise of Hungary’s debt-ridden national airline. Malev ceased operating after its planes were held… 03/02/2012
RBS ex-boss loses his knighthoodFormer Royal Bank of Scotland chief Fred Goodwin had been stripped of his Knighthood. Goodwin was responsible for steering the bank close to collapse, and… 01/02/2012
Spanair shuts down as bankruptcy loomsSpanish airline Spanair has ceased operations after talkover talks with Qatar Airways broke down. A message greeted callers on Saturday to the company’s… 28/01/2012
Kodak files for protection from its creditorsEastman Kodak has filed for bankruptcy protection from its creditors. The 130-year-old photographic film pioneer has not made a profit since 2007. Kodak… 19/01/2012
Dexia rescue deal struck after marathon talksAfter a 14-hour meeting that began on Sunday and ended early on Monday morning, a deal has been struck to save the Franco-Belgian bank Dexia. Its board has… 10/10/2011
Greece battles to beat bankruptcyAs the Greek government struggles to get its finances under control rumours persist that the country is on the brink of bankruptcy. The German finance… 11/09/2011
Dodge that: costly divorce threatens LA baseball greatsThe iconic Los Angeles Dodgers baseball team has been a part of the LA scenery since 1958. But this week the financially-strapped Major League Baseball… 28/06/2011
Scenes of chaos in Greece rattles EuropeGreece is truly in crisis. The army is on the streets and the whole country has ground to a halt. Even the emblematic Acropolis is closed to visitors, as… 15/06/2011
André Sapir on ‘unthinkable’ Greek finance scenariosWith Greece on the verge of bankruptcy again, questions are being asked about the IMF and European Union having already made a loan to Athens of 110 billion… 15/06/2011
Icelanders vote on repaying UK and NetherlandsIcelanders are voting in a referendum on whether or not to pay back British and Dutch investors who lost billions of euros in the Icelandic banking… 09/04/2011
Barclays wins Lehman lawsuitLehman Brothers hurried sale of much of its US operations to Barclays at the height of the financial crisis was fair, a bankruptcy court judge has ruled. That… 23/02/2011
Jail for former Parmalat bossThe man behind what was in 2003 Europe’s biggest ever corporate bankruptcy, Calisto Tanzi, has been jailed for 18 years by an Italian court. Tanzi was the… 09/12/2010
Thousands disrupted by UK travel firm collapseThe collapse of another British low-cost travel firm has left tens of thousands of holidaymakers scrambling to arrange alternative flights. Kiss Flights… 18/08/2010
Sun4U bankruptcy travellers fear paying doubleBritish package holiday company Sun4U has become the second such firm to go bankrupt this summer. The ABTA Travel Association said around 1,200 Sun4… 13/08/2010
Karstadt bid deadline passesAs the insolvency administrator’s deadline passed on Friday it was reported that there were three bids for bankrupt German department store chain… 28/05/2010
Government billions revive confidence in DubaiThere is renewed optimism over Dubai’s ability to get the debt monkey off its back. The emirate’s government has announced it is to support its investment… 25/03/2010
Lehman examiner says gimmick hid debt billionsLehman Brothers used accounting gimmicks to hide billions in debt and was insolvent for weeks before it filed for bankruptcy in September 2008. That is the… 12/03/2010
US lender CIT group files for bankruptcyThe giant US lender CIT group has filed for bankruptcy. The move comes after a debt exchange offer to bondholders failed. A loan provider to thousands of… 02/11/2009
Quelle to closeGerman mail-order and catalogue business Quelle is being closed down by the administrator appointed to sort out its owner, the insolvent retailer Arcandor… 20/10/2009
DSB made bankruptA Dutch court has declared the troubled lender DSB bankrupt after attempts over the weekend to sell or rescue it failed. Other Dutch banks are now liable… 19/10/2009
Russian airline latest to failPassengers left in the lurch all over Europe by the latest airline bankruptcy are scrambling to get home following the collapse of Russia’s KD Avia. The… 07/09/2009
Slovak airline SkyEurope collapsesThousands of air passengers face travel chaos following the collapse of the Slovak low-cost carrier, SkyEurope. The firm, which served mainly continental… 01/09/2009
Iceland to vote on repayment billEvents in Iceland’s parliament will be closely followed in the UK and the Netherlands today. Why? Because deputies are expected to back plans to repay the… 28/08/2009
US Supreme Court gives thumbs up to Chrysler dealThe US supreme court has rejected an appeal by a pension fund and other groups to block the sale of Chrysler. The move clears the way for a partnership… 10/06/2009
Arcandor files for bankruptcyGermany’s Arcandor has filed for bankruptcy protection after the German government rejected a request for loan guarantees. The company owns Karstadt… 10/06/2009
Supreme Court OKs Chrysler dealThe US Supreme Court has allowed the sale of Chrysler to a group led by the Italian car giant Fiat. The American government backed the deal and the move is… 10/06/2009
GM sheds assetsAfter filing for bankruptcy the US car giant GM is seeking to shed some assets. It is selling its Saturn unit to Penske Automotive Group Inc which operates… 05/06/2009
Factors behind GM’s failureIt took a combination of bad management, bad timing and bad luck to bring the world’s mightiest industrial giant to its knees. General Motors had been… 01/06/2009
GM bankruptcy marks the end of an empire.General Motors has filed for bankruptcy protection after more than 100 years in business, signalling the biggest industrial failure in US history. The move… 01/06/2009
GM prepares to file for bankruptcy protectionOnce the world’s number one car maker, General Motor’s is all but certain to file for bankruptcy protection on Monday. Under the US Treasury’s roadmap… 30/05/2009
GM on road to bankruptcy protectionGeneral Motors continues to move towards bankruptcy protection from its creditors, but has now persuaded its major bondholders to accept an improved deal… 28/05/2009
Obama is confident that Chrysler can bounce backWill a transatlantic alliance give struggling US carmaker Chrysler a new lease of life? The White House is confident, seeing a bright new future for the… 01/05/2009
Obama rallies to aid ChryslerChrysler is to ask a court in New York for bankruptcy protection from its creditors . US President Obama has explained why Chrysler will now be organised… 30/04/2009
Saab gets bankruptcy protectionThe icy wind of recession blows through Sweden as General Motors cold-shoulders Saab. After GM said the loss-making Nordic carmaker will become an… 20/02/2009
