Pedro Pierluisi, a former lawyer, freely admits that despite being sworn in the Senate may not ratify him on Wednesday.
Icelandic budget airline Primera Air announced they will be ceasing operations and filing for bankruptcy, telling staff that all flights were being halted and leaving thousands of passengers stranded.
The former tennis star says his appointment as sports ambassador for the Central African Republic protects him from being sued over alleged debts.
Subcontractor Carillion builds and maintains hospitals and prisons, provides services throughout the UK government and employs 20,000 people in Britain. But it has debts of 1.5 billion and only 60 million in cash.
Monarch CEO 'absolutely devastated' by airline's failure
Japanese conglomerate Toshiba is in crisis, saying its very survival is in doubt.
Hanjin Shipping, formerly the world's seventh-largest container shipping line, has been declared bankrupt by a South Korean court.
Italian shipyard Fincantieri has been approved as the preferred bidder for cruise-ship builder STX France, but politics could yet scupper the deal.
Hanjin Shipping's largest shareholder, Korean Air Lines, has again delayed a decision on a rescue plan, adding to uncertainty about cargo stranded at sea following the container carrier's collapse.
One of the world's biggest container shipping firms, South Korea's Hanjin Shipping, is headed for bankruptcy after the lenders it has borrowed money from pulled the plug.
The lights are set to come back on in Venezuela.
Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp
Reports from Russia say the country’s second biggest airline, Transaero, has been grounded because of safety concerns. The transport minister has
Rapper 50 Cent has filed for bankruptcy in New York reporting debts and assets in the range of $10 million to $50 million. It comes two months
There was food for thought for the Greek Finance Minister Yanis Varoufakis as the eurozone said in no uncertain terms that Athens would get no more
Parma chairman Giampietro Manenti has been arrested in Italy on money laundering charges. Manenti, who took over as the club’s new owner and
The Ukrainian government sealed an emergency loan of 1.8 billion euros from the European Union on Tuesday as the country looks to stave off the