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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles see all

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  • News of the Weird: Norway's Battle Against Chaos

    News of the Weird: Norway's Battle Against Chaos
    Norwegian public television (NRK), which introduced the now-legendary continuous, live log-burning show (12 hours long, with “color commentary” on the historical and cultural importance of fire), scheduled a new program for this week in its appeal to serenity (labeled “Slow TV”). On Nov. 1, NRK was to televise live, for five hours, an attempt to break the world record for producing a sweater, from shearing the sheep to spinning the wool and knitting the garment (current record: 4:51, by Australians). (In addition to the log, NRK viewers have been treated to live cams on a salmon-fishing boat and, for five days, on a cruise ship.) Said an NRK journalist, “You would think it's boring television, but we have quite good ratings for these programs.”
  • Downsized Nextel operator is not giving up the fight in Brazil

    SAO PAULO (Reuters) - Nextel operator NII Holdings Inc is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations. To pull off a...

    Nextel carrier NII files for bankruptcy protection as debt soars

    NII Holdings Inc, the parent of Nextel operators in Latin America, filed for U.S. bankruptcy protection on Monday after struggling for years with debt, fierce competition in Brazil and Mexico, and a dispute with a U.S. hedge fund. The company filed a...

    Speed-driven Aussie cycling given funding lifeline

    MELBOURNE (Reuters) - Cash-strapped national governing body Cycling Australia has had a board shake-out and received a A$2 million (US$1.81 million) lifeline to keep its Olympic programme on track after battling back from virtual insolvency. Former...

    Detroit reaches bankruptcy deal with fiercest creditor

    DETROIT (Reuters) - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt and...