Jun 18, 2014

Mt. Gox gets bankruptcy OK

Mt. Gox Co., once the world’s largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to the Japanese investigation into the disappearance of 650,000 units of the digital currency. U.S. Bankruptcy Judge Stacey G. Jernigan said Tuesday in Dallas she ...

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Apr 8, 2014

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge. Karpeles and Tibanne KK, another of his ...

Nov 28, 2013

Jeans maker Edwin files for rehab

Jeans maker Edwin Co. has filed for an out-of-court procedure to rehabilitate its business through a private-sector intermediary, a credit research agency and lawyers said Wednesday. Following its fiddling of accounts to conceal its losses from derivatives transactions, the largest jeans maker in Japan ...

Oct 17, 2013

Government disinclined to prod Tepco into bankruptcy: Abe

The government will not force Tokyo Electric Power Co. into bankruptcy despite the massive costs it faces because of the Fukushima No. 1 nuclear plant meltdown disaster, Prime Minister Shinzo Abe indicated Thursday. Tepco “should steadily implement compensation, scrap (the crippled) reactors, deal with ...

Jul 26, 2013

Still rich in other ways

by Darrell Dawsey

To me, Detroit has always seemed rich. My home town is a city that brims with history. It was the laboratory where Henry Ford would assemble his greatest creation, the automobile, and the city that would forever change how the world got around. We ...

Bankrupt Detroit pins hopes on arts

Jul 26, 2013

Bankrupt Detroit pins hopes on arts

by Edward Helmore

James Morris is the owner of DSE, a downtown Detroit T-shirt business. He hadn’t noticed that his city had filed for bankruptcy and he doesn’t particularly care. “There hasn’t been a moment when Detroit wasn’t dealing with problems. Now it’s just official,” he said. ...

Restructuring wizard sets sights on Detroit

| Jul 22, 2013

Restructuring wizard sets sights on Detroit

The man who has become the face of Detroit’s historic bankruptcy planned to spend his weekend at home in Chevy Chase, Maryland, corralling the ferns that are overgrowing their planters and threatening his garden. Or maybe taking his two young children to the pool. ...

Jul 22, 2013

Governor says he won't ask for federal bailout

Michigan’s governor said Sunday he would not seek a U.S. government bailout for Detroit, saying bankruptcy was a necessary path to rebuild the once great American auto city. “And I don’t expect one. I’ve said before that the state cannot bail out the city ...

Detroit renews urban policy debate

| Jul 20, 2013

Detroit renews urban policy debate

by Dan Balz

A national urban policy would not have saved Detroit, but the city’s bankruptcy filing Thursday was a vivid reminder of how the problems of America’s cities have long ceased to be a focal point of the political debate in presidential campaigns or on Capitol ...