Financial news on April 4th, 2009
Business and Financial news
The newsprint maker, which has $6 billion of debt, was negotiating Friday with its lenders after an earlier plan failed to gain enough support. Read more..
The chairman of Royal Bank of Scotland called for an end to ‘‘public flogging’’ for past mistakes, because it exacerbated the bank’s problems rather than solved them. Read more..
Filings for bankruptcy protection soared to the highest level since October 2005, when a federal law made bankruptcy more difficult and expensive. Read more..
A steep drop in business has made some restaurant chains regret expanding so quickly before the recession. Read more..
A legal settlement giving Google online rights to out-of-print orphan books is being challenged in court. Read more..
Cath Kidston has created a thriving midlife business recreating the flowery ambience of her English childhood into affordable products. Read more..
The Institute for Supply Management’s index, which covers 18 industries, fell at a faster pace than expected in March. Read more..
Ticketmaster Entertainment said it had received subpoenas from the Justice Department and the Federal Trade Commission for information about its agreements with ticket resellers. Read more..
The company is looking for $20 million in savings from The Globe in the form of pay cuts and the cessation of pension contributions, according to a person briefed on the talks. Read more..
At the end of the week, markets on Wall Street managed to eke out a small gain for the day after some strong gains for the week. Read more..