Truemors
Mervyns Retail Chain Going out of Business; Will Liquidate All Stores
Department store chain Mervyns, based in California, had previously filed for bankruptcy protection in July 2008 and has now decided to liquidate assets in all of its 149 stores and terminate the business."The board...
2185 views | 5 comments | 2 recommendations
Answering the gold (and silver) price conundrum « Peter J. Cooper’s Weblog
"I am absolutely convinced that the answer to the gold and silver price conundrum is that the market this week is seeing liquidation of commodities by funds that urgently need cash for other reasons, such as margin calls, which is being balanced by physical buying of gold and... Update: National capitalism reborn, first controlled 9/15 demolition Lehman, ...
Update Sept-19: US creates government sponsored Bad Bank Update Sept-17John W. Snow, Cerberus hedge fund CEO (Chrysler) says:"We have a broken Market economy, we have to fix it" Update Sept-15National capitalism... 2199 views | 12 comments | 48 recommendations
Cameron Unveils Tory Plans for US "Chapter 11" Insolvency Rules
A proposal by Conservative leader, David Cameron, to introduce US-Style insolvency rules has come into criticism by corporate recovery specialists. In the US, "Chapter 11" requires that a struggling company may...141 views | 0 comments | 0 recommendations
Gizmondo is coming back from the dead - thanks to Carl Freer
An agreement has been reached between the joint liquidators of GizmondoEurope Ltd in Liquidation and one of the company's ex Directors, MrCarl Freer. 171 views | 1 comment | 0 recommendations
