Tag Archives : bankruptcy

A study conducted in Norway seems to show that the idea that musicians are always close to bankruptcy after the arrival of the digital age and the sharing of illegal files is not correct as well. Rather, the results indicate that both the number of artists and their average income increased in the last decade. In an article published on Tuesday, the [...]

Will she be able to retain rights to her most celebrated images? Renowned Photographer Annie Leibovitz must pay back $24m loan by today or else she stands to rights to her lifetime work and also properties. Leibovitz is one of the pioneer celebrity photographers whose images in Rock and Roll magazine turned many a performers into stars and celebrities. [...]

The two former US automaker giants General Motors and Chrysler are facing a choice between submitting a viable plan of action or filing for controlled bankruptcy. A declaration of bankruptcy is the fastest method for restructuring, according to US President Barack Obama, as much as it is a ‘legal tool to end the debate.’ General Motors will have [...]

Bad corporate behavior has been taking the limelight lately. After all, the current raging economic crisis can very well be attributed to corporate excess gone wild and bad. Given the prevalence of corporate misconduct in the recent past, whistleblowing incidents are not exactly few and far between. Nothing beats the year 2002, however. Business Week [...]

Problems on both sides of the Atlantic have similarities, but also a few differences. In the US, high debt and the housing bubble are the main reasons for worry. Old Europe, for its part, has been showing weakness of the euro as it struggles with large debt. Eastern Europe and the US states of Kansas and California lead the list of economies having [...]