Financial news on October 30, 2010
Business and Financial news
A restructuring plan clears the way for a bankruptcy filing that would eliminate some $4 billion in debt. Read more..
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..
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..
Despite increased scrutiny, there are far fewer safeguards for packages loaded on cargo-only planes. Read more..
An excluded spouse can end up managing the family’s money at the worst possible time: after death, disability or divorce. Read more..
Countries like France are questioning the generous social benefits doled out to those who stop working early. Read more..
All 50 attorneys general are conducting a joint investigation into the bank practices that led to the mortgage scandal. Read more..
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..
The new position, a shift in longstanding federal policy, will impact medicine and the biotechnology industry. Read more..
An Atlanta woman’s long months of searching meant a lot of hard work and uncertainty, but, finally a home. Read more..