Here is a story about a ten year old boy who successfully survived brain surgery. He was totally healed from his illness, but now has a “posh” new accent. “William McCartney-Moore fell seriously ill with a rare strain of meningitis last March and had an operation to remove fluid on his brain.
But in [...]

Yesterday was the third day of a run on Northern Rock, a UK bank. The government has issued a new promise to protect those with savings at that institution; however as word spread that only a limited amount of savings would be protected, the lines to withdraw funds lengthened.
“Northern Rock’s shares shed [...]

Backstreet Boys and ‘N Sync creator Lou Pearlman lost both of his homes in New Jersey and Florida bankruptcy proceedings. He is also facing possible charges for defrauding a bank out of $20 million dollars.
Lou Pearlman remains in jail “on three counts of bank fraud and single counts of mail and wire fraud.”
“Florida investigators [...]

Several large companies such as Delphi Corporation will have a tougher time securing financing trying to emerge from Chapter 11 protection. The culprit being “tightening spurred by the collapse of the subprime mortgage industry is causing lenders to retool the pricing and terms of the financing they provide to companies leaving bankruptcy. The [...]