Simon Jenkins: George Osborne should abandon the tribal morality of austerity and, like Japan, print money not for banks but for people Original post on guardian.co.uk Comments on reddit.com
A group of Visual Effects Artists is working to raise the profile of issues facing the industry by protesting at the Academy Awards. Updated with an audio interview with Jeff Heusser and Scott Squires from the march. Original post on fxguide.com Comments on reddit.com
A fight that began over a political sign has bankrupted the Olde Belhaven governing association. Original post on washingtonpost.com Comments on reddit.com
Atari SA’s U.S.-based video-game- making businesses have filed for bankruptcy protection in Manhattan with the intention of separating from the unprofitable French parent and seeking independent funding. Original post on bloomberg.com Comments on reddit.com
Tribune Co.’s new owners plan to review the media company’s assets, which include the Los Angeles Times, in coming months and decide whether any should be sold. Original post on latimes.com Comments on reddit.com
Music industry group the BPI has threatened legal action against six members of the UK Pirate Party, after the party refused to take its Pirate Bay proxy offline. BPI seems to want to hold the individual members of the party responsible for copyright infringements that may occurs via the proxy, which puts them at risk of personal bankruptcy. Pirate Party leader Loz Kaye criticized the latest music industry threats and reiterated that blocking The Pirate Bay is a disproportionate measure. Original post on torrentfreak.com Comments on reddit.com
After last-ditch mediation at Hostess fails, closing appears certain for maker of Twinkies and Wonder Bread. Original post on cnn.com Comments on reddit.com
Hostess Brands, the maker of sweet snacks like Twinkies that filed for Chapter 11 bankruptcy protection last week, will ask a bankruptcy judge today to approve a plan that will allow it to pay $1.75 million in bonuses to 19 of its executives. Hostess’ decision to file for bankruptcy came amid disputes with its union [...] Original post on thinkprogress.org Comments on reddit.com
It wouldn’t be a Saturday on Fox’s so-called ‘business block’ without several rounds of union bashing and this week was no exception with the panel on Neil Cavuto’s show continuing to attack the labor union, rather than management and the hedge fund managers, for the demise of Hostess — Fox Ignores Hostess’ Array Of Troubles To Scapegoat Union For Liquidation: Original post on crooksandliars.com Comments on reddit.com
Unions: Hostess CEO Received 300% Raise Before Bankruptcy: Labor blasts ‘myth’ that a union strike killed Twinkies, Union leader Richard Trumka has resurrected the Bain attack line to explain the death of the Twinkie. Twinkie-manufa… Original post on topix.com Comments on reddit.com
Today, Hostess Brands inc. — the company famed for its sickly sweet desert snacks like Twinkies and Sno Balls — announced they’d be shuttering after more than eighty years of production. But while headlines have been quick to blame unions for the downfall of the company there’s actually more to the story: While the company [...] Original post on thinkprogress.org Comments on reddit.com
Valley resident Robert Kiyosaki has filed a corporate bankruptcy for Rich Global LLC in the face of a $24 million debt. Original post on azfamily.com Comments on reddit.com
(Reuters) – Bankrupt Eastman Kodak Co said it will cut 1,000 additional jobs by the end of this year and may cut more as it focuses on its commercial packaging and printing business.Kodak, which invented Original post on reuters.com Comments on reddit.com
(read the book free online – get a copy for your Kindle – read the Reddit AMA) Nidal Malik Hassan may not be alone. At least, not for long. In late June, NPR reported that the FBI has over 100 Original post on tremblethedevil.com Comments on reddit.com
A Chinese-Japanese investment group agreed to buy Saab Automobile and convert the bankrupt Swedish manufacturer into a maker of electric cars. Original post on bloomberg.com Comments on reddit.com
If we don’t speak out, we’re part of the problem – Progressive blogging for the middle class, not corporate welfare. Original post on freakoutnation.com Comments on digg.com
Mitt Romney has very publicly opposed the government bailout of the auto industry. So the likely GOP nominee raised more than a few eyebrows this week when he said: Original post on npr.org Comments on reddit.com
After months of devastating setbacks, wireless network startup LightSquared is considering filing for bankruptcy, according to founder and hedge fund manager Philip Falcone on Wednesday. Original post on venturebeat.com Comments on reddit.com
Goodbye Kodak, Hello Caesar’s. Original post on businessinsider.com Comments on reddit.com
Parent of Obama-Backed Battery Maker Goes Bankrupt Original post on abcnews.go.com Comments on digg.com
Hostess Brands, the baking company known for sweet treats like Twinkies and Ding Dongs, filed for bankruptcy on Wednesday, just three years after emerging from an earlier restructuring process. More
Rest easy, Twinkie lovers: Hostess Brands, the storied American manufacturer of snack cakes, filed for Chapter 11 bankruptcy Wednesday, but said it will continue to churn out Ho Hos, Ding Dongs and other iconic products. More
The Lehman Brothers estate is in its fourth year of administration in Federal Bankruptcy Court in Manhattan, and like other Wall Street failures, it’s not going away anytime soon. More
Hostess Brands, the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. More
Hostess Brands is preparing to file for Chapter 11 bankruptcy protection as soon as this week, a move that would mark the second significant court restructuring for the Twinkie and Wonder Bread baker in the past several years. More
Eastman Kodak is on the verge of bankruptcy, and not just because film is dying. More
Its products defined nearly a century of photography, cinema, and home video, but the venerable Kodak company is on the verge of bankruptcy. While the company is reportedly preparing to file a Chapter 11 bankruptcy, which permits restructuring, the firm is caught in a merciless slide. Once so synonymous with film that its products coined the… More
Iconic photography company Eastman Kodak is preparing to file for bankruptcy in the coming weeks if efforts to sell off digital patents fall through, according to the Wall Street Journal. More