Troubled battery maker Exide Technologies Inc. filed for Chapter 11 bankruptcy protection early Monday as it faced $31 million in interest payments in August and the maturity of nearly $52 million in convertible notes in September. Read the Daily Bankruptcy Review article via The Wall Street Journal.
Big Brother and Banking: The financial services industry has made a few cameos in the unfolding story of the National Security Agency's vast surveillance of phone "metadata" and Internet communications. First, Edward Snowden, the (probably now former) Booz Allen contractor who leaked NSA documents to the Guardian and the Washington Post, says he grew disillusioned while working for the CIA in Geneva in 2007. "CIA operatives were attempting to recruit a Swiss...
The constant pillorying of banks can hardly inspire public confidence in them. Regulators should focus, instead, on peer comparisons and the encouragement of effective policies and procedures.
This week on The Broke and the Beautiful, Sly Stone’s former manager, record producer Jerry Goldstein, put his companies in bankruptcy. Also, the founder of Tully’s Coffee isn’t happy with Patrick Demspey.
