Mervyns Stores Plans To Cease Operations
by
SR
Posted October 17th, 2008 at 3:27 pm
HAYWARD (CBS 5) ? Department store chain Mervyns LLC will announce Friday that it is filing for chapter 7 bankruptcy protection — which means the Hayward-based retailer must shut its doors and liquidate its inventory.
Over the summer, Mervyns had filed for chapter 11 protection from its creditors in U.S. bankruptcy court for the District of Delaware. The company said at the time that it planned to continue business as usual while it reorganized.
The privately-held retailer, which has ...
Tentative Deal Reached in Financial Bailout
by
SR
Posted September 28th, 2008 at 5:08 am
Breaking News:
WASHINGTON — Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of billions of dollars.
The House could vote on it Sunday and the Senate on Monday. House Speaker Nancy Pelosi announced the accord just after midnight Saturday and said it still has to be put on paper. Treasury Secretary Henry Paulson talked of finalizing the deal but added: "I think we're there."
...
REQUEST FOR URGENT BUSINESS RELATIONSHIP- Nigerian Letter Scam Comes Home
by
Sactodan
Posted September 24th, 2008 at 5:01 pm
DEAR AMERICAN:
I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.
I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.
I AM WORKING WITH MR. PHIL GRAM, LOBBYIST FOR UBS, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. AS A...
Breaking: Oil Prices Jump
by
SR
Posted September 22nd, 2008 at 7:50 pm
Breaking from CNN:
Futures spike as much as $25 on the bailout plan, the falling dollar and as the October front-month contract expires.
By Catherine Clifford, CNNMoney.com staff writer
Last Updated: September 22, 2008: 3:02 PM EDT
<blockquote>
NEW YORK (CNNMoney.com) -- Oil prices jumped more than $25 a barrel Monday in biggest dollar jump ever as the dollar was punished by the government's $700 billion Wall Street bailout plan and big investors scrambled to fill obligations as...
Run On IndyMac Bank- Are Your Deposits Insured?
by
Sactodan
Posted July 14th, 2008 at 7:53 pm
Just as unions are freshening up their strike signs to try for wage increases, bad news keeps arriving in spades.
The FDIC has taken over IndyMac Bank's 33 branches and customers are lining up to get their money.
PASADENA, California (Reuters) - Hundreds of worried IndyMac Bancorp Inc customers descended on the company's branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.
Regulators took over the Pasad...
