In this almost recession they are falling like flies. What company will be go bankrupt next?http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 20 Nov 2008 1:27:58 CSThttp://www.newser.com/story/43007/save-gm-with-guided-bankruptcy.html?refid=rss_all_defaultGM is claiming all it needs is a “bridge loan,” but the automaker is losing money so fast that bridge would be burned by February, writes Andrew Ross Sorkin in the New York Times. What GM really needs is bankruptcy—but one guided by the government. “Taxpayers shouldn’t fork over a cent, at least until shareholders are wiped out, management is tossed out, and the industry is completely reorganized.” Sorkin goes on to spell out how it should work.http://www.newser.com/story/43007/save-gm-with-guided-bankruptcy.html?refid=rss_all_defaultTue, 18 Nov 2008 8:06:12 CSThttp://www.newser.com/story/42626/kosher-meat-supply-crippled-after-iowa-immigration-raid.html?refid=rss_all_defaultKosher meat prices are skyrocketing after the Iowa packing plant that supplied about 60% of the US market declared bankruptcy, USA Today reports, in the wake of a May immigration raid. Agriprocessors, in trouble even before the raid, stopped operating last week. “Stores like mine are struggling all over,” said one deli owner, facing recent price hikes of 30%.http://www.newser.com/story/42626/kosher-meat-supply-crippled-after-iowa-immigration-raid.html?refid=rss_all_defaultThu, 13 Nov 2008 16:02:33 CSThttp://www.newser.com/story/42245/circuit-city-files-for-bankruptcy.html?refid=rss_all_defaultCircuit City Stores has filed for bankruptcy protection today, about a week after it said it would close 20% of its stores. The electronics retailer, based in Richmond, Va., has struggled as nervous consumers spend less and credit tightens.http://www.newser.com/story/42245/circuit-city-files-for-bankruptcy.html?refid=rss_all_defaultMon, 10 Nov 2008 7:52:09 CSThttp://www.newser.com/story/41187/as-oligarchs-lose-billions-kremlin-steps-in.html?refid=rss_all_defaultThe Kremlin is allowing an individual businessman to tap into a $50 billion rescue fund, reports the Wall Street Journal , signaling a shake-up of the relationship between the Russian government and the country's oligarchs. Mikhail Fridman, whose creditors declared him in default on a $2 billion loan from Deutsche Bank, got the bailout from a state bank controlled by Vladimir Putin—but other capitalists might not be so lucky.http://www.newser.com/story/41187/as-oligarchs-lose-billions-kremlin-steps-in.html?refid=rss_all_defaultWed, 29 Oct 2008 6:17:48 CDThttp://www.newser.com/story/40420/times-tough-for-i-bankers-in-marie-antoinette-kind-of-way.html?refid=rss_all_defaultWith Wall Street in free fall, many of its elite I-bankers are seeing the status quo turned upside-down, Vanessa Grigoriadis writes in New York . Once at the top of the heap, working for companies that praised them as smartest people out there, some are fighting to survive on the Street, while others have reversed course, taking jobs with—gasp!—the government.http://www.newser.com/story/40420/times-tough-for-i-bankers-in-marie-antoinette-kind-of-way.html?refid=rss_all_defaultMon, 20 Oct 2008 12:24:40 CDThttp://www.newser.com/story/40267/bankrupt-mervyns-goes-belly-up.html?refid=rss_all_defaultMervyn's will be closing all of its 149 stores before the end of the year and holding huge going-out-of business sales, the Bay Area's Daily Review reports. The California-based department store chain filed for bankruptcy in July and had been fruitlessly scrambling for a sale or a deal with landlords and creditors that would keep it alive. More than 3,000 jobs will be lost in the Bay Area alone.http://www.newser.com/story/40267/bankrupt-mervyns-goes-belly-up.html?refid=rss_all_defaultFri, 17 Oct 2008 23:31:22 CDThttp://www.newser.com/story/39522/iceland-shuts-stock-market-nationalizes-no-1-bank.html?refid=rss_all_defaultIceland shut down its stock exchange today due to "unusual market conditions" and will keep it closed until Monday, the AP reports. The move came just hours after the Icelandic government nationalized Kaupthing, the nation's largest bank and the third to come into public ownership. An IMF delegation has arrived in Reykjavik, and Iceland's prime minister said that emergency assistance was "an option."http://www.newser.com/story/39522/iceland-shuts-stock-market-nationalizes-no-1-bank.html?refid=rss_all_defaultThu, 09 Oct 2008 6:09:40 CDThttp://www.newser.com/story/39281/congress-gets-ugly-portrait-of-lehmans-last-days.html?refid=rss_all_defaultLehman Brothers’ departing executives were negotiating millions in bonuses while the bank begged for taxpayer money to avoid bankruptcy, a House committee finds after reviewing documents. At a hearing today on Capitol Hill—the first on the financial crisis—the investment firm was painted as one run by irresponsible leaders who poured money into risky projects even though internal documents predicted a liquidity crunch, the New York Times reports.http://www.newser.com/story/39281/congress-gets-ugly-portrait-of-lehmans-last-days.html?refid=rss_all_defaultMon, 06 Oct 2008 14:04:10 CDThttp://www.newser.com/story/38949/playboy-woos-posers-who-lost-shirt-on-wall-st.html?refid=rss_all_defaultThe bear market could create some new bunnies, Reuters reports, with Playboy seeking females from the financial world to pose for an upcoming "Women of Wall Street feature. The magazine—which ran "Women of Enron" and "Women of WorldCom" specials after those companies folded—says it is looking for current and former finance workers, the more senior the better.http://www.newser.com/story/38949/playboy-woos-posers-who-lost-shirt-on-wall-st.html?refid=rss_all_defaultThu, 02 Oct 2008 9:33:27 CDT