Financial news on October 30, 2010

Business and Financial news
Bondholders Approve MGM Bankruptcy

A restructuring plan clears the way for a bankruptcy filing that would eliminate some $4 billion in debt. Read more..

By MICHAEL CIEPLY - The New York Times

Cruise Ships, and Sarkozy, Rescue Shipyard, for Now

The Chantiers de l’Atlantique, established in the mid-19th century, is hoping to hang on a few more years with support and some salesmanship from President Nicolas Sarkozy. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

Europe Plans System to Handle Debt Crises

European Union leaders decided Friday to create a permanent rescue system to handle sovereign debt crises like the one that threatened Greece this spring. Read more..

By STEPHEN CASTLE and JACK EWING - The New York Times

Explosives in Cargo Renew Debate on Screening

Despite increased scrutiny, there are far fewer safeguards for packages loaded on cargo-only planes. Read more..

By CHRISTINE HAUSER - The New York Times

Keeping Both Spouses in the Financial Picture

An excluded spouse can end up managing the family’s money at the worst possible time: after death, disability or divorce. Read more..

By PAUL SULLIVAN - The New York Times

Rethinking Early Retirement in Europe

Countries like France are questioning the generous social benefits doled out to those who stop working early. Read more..

By FLOYD NORRIS - The New York Times

The States Take on Foreclosures

All 50 attorneys general are conducting a joint investigation into the bank practices that led to the mortgage scandal. Read more..

By JOE NOCERA - The New York Times

U.S. Economy Grew at 2% Rate in Third Quarter

Friday’s numbers are not likely to provide much of a morale boost for President Obama and Democrats, who are days away from crucial midterm elections. Read more..

By MICHAEL POWELL - The New York Times

U.S. Says Genes Should Not Be Eligible for Patents

The new position, a shift in longstanding federal policy, will impact medicine and the biotechnology industry. Read more..

By ANDREW POLLACK - The New York Times

What It Takes to Buy a House in Foreclosure

An Atlanta woman’s long months of searching meant a lot of hard work and uncertainty, but, finally a home. Read more..

By RON LIEBER - The New York Times

See what else happened on October 30, 2010