“In the filing, the company said it started exploring strategic alternatives including a sale in January. The following month, it enlisted the help of Morpheus Capital and Advisors LLC to help it find new equity investors or sell the company, the filing said.

Morpheus reached out to 22 potential buyers and investors. The company was [...]

“Let Greece go. It’s a possibility that’s being considered more and more publicly in Europe.There have been two and a half years of bailouts and broken promises by Greece to reform. The result: a fifth year of recession and, this week, political chaos. Voters on Sunday favored parties that either oppose the country’s international bailout [...]

A city official with a new 2 million dollar motor home might have given it away!”The chief financial officer of a small Illinois city — a woman who had a lavish lifestyle that included a $2.1 million motor home and a horse farm — is under arrest, accused of embezzling $30 million from the city.Rita [...]

CHICAGO (CN) - Former Chicago Bears quarterback Jim McMahon is one of nine former directors and officers of Broadway Bank the FDIC sued in Federal Court, claiming reckless lending led to the bank’s collapse and cost the FDIC $104 million. The Federal Deposit Insurance Corp., as receiver for Broadway Bank, sued [...]

FORT LAUDERDALE, Fla. — Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida.Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug worth [...]

Here is a link to an Interview with Robert Prechter: Forecasting the Presidential Election. Robert Prechter talks to Fox Business News host Neil Cavuto about his latest research on how social mood affects presidential re-election bids. In the interview, he reveals what is the most reliable indicator in predicting incumbent re-election.

Strange but true, how “Door Closing” statutes can affect youMany States including Texas have “Door Closing” statutes. Texas’ statute is T.B.O.C. § 9.051.  These provisions restrict foreign entities that: 1) are required to register and 2) have failed to register, from maintaining an action in a court of that state.  That is, these entities may [...]

Here is a great article for understanding a difficult subject:”A Primer: Understanding DerivativesHeidi is the
proprietor of a bar.She realizes that a good deal of her customers are
unemployed alcoholics and, as such, cannot afford to have all the drinks they
would like to have at her bar.To solve this problem, she comes up with [...]

Dow tops, it is time to sell.  Quote:  The Dow Jones Industrial Average pierced the 13000 level for the first time in
almost four years, but traded largely below the mark and ended the day in
positive territory.The Dow broke 13000 before noon on Tuesday and a handful of other times
throughout the day, but [...]

Entourage star Gary Busey has filed for
bankruptcy.
The 67-year-old actor submitted documents in
California yesterday, according to celebrity website TMZ.
Despite starring in more than 70 movies over
his career, the actor has less than $50,000 to his name and owes more than
$500,000 in various debts, the court papers show.
The actor has filed for Chapter [...]