Newsroom Headlines

  January 14, 2009 Corporate Bankruptcies to Rise Steadily Through 2010 The surge in corporate bankruptcy filings in 2008 and abysmal credit conditions that forced more companies to resort to quick

  January 13, 2009 Obama Requests Rest of Bailout Money President-elect Barack Obama has launched an aggressive campaign to persuade Congress to permit him to spend another $350 billion to stabilize

  January 12, 2009 Judges Agree with Mortgage Modification Legislation Federal bankruptcy judges say they agree with legislation that gives them the power to restructure primary mortgages for

  January 9, 2009 Citi Reaches Deal with Lawmakers on Home Loans Leading congressional Democrats said yesterday that Citigroup agreed to support legislation that would let bankruptcy judges adjust

  January 8, 2009 Citigroup, Homebuilders in Talks to Let Judges Modify Mortgages Citigroup Inc. is leading other lenders in advanced talks with key senators on legislation that would allow judges to

  January 7, 2009 Democrats Reintroduce Legislation to Change Bankruptcy Law Democratic lawmakers yesterday reintroduced legislation to change bankruptcy laws to allow homeowners to shrink their

  January 6, 2010 Bankrupt Home Builder Seeks Conversion to Chapter 7 Opus South Corp. will seek to liquidate under chapter 7 after asset sales failed to generate net proceeds for its estate, the Deal

  January 5, 2009 Obama Eyes $300 Billion Tax Cut President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses, a

Lawyer Says Madoff Gave Asset List to SEC Former Nasdaq Stock Market Chairman Bernard Madoff gave the Securities and Exchange Commission (SEC) a list of his personal assets, but investors may have to

December 31, 2008 Report: AIG Seeks Easing of Rules on Disposals American International Group (AIG) said it is prepared to ask the U.S. Federal Reserve to relax rules on its $60 billion-plus disposals