massive debts

massive debts

To avoid defaulting on its massive debt, LightSquared’s Falcone is stepping aside

Japan lives on borrowed money as hi-tech dream dies

www.guardian.co.uk
Panasonic, Sharp and Sony have lost too much of their technological edge and mass appeal - as well as billions in solar panel making factoriesSharp made my first hi-fi. These days the Japanese electronics brand is etched on my microwave oven. They both cost around £70. There was probably a...
Japan lives on borrowed money as hi-tech dream dies

Editor's sacking confirms trend of putting profits before public service

www.guardian.co.uk
Johnston Press has confirmed its decision to fire Jon Stokoe, editor of a weekly newspaper that managed to defy the circulation trend by adding sales.Stokoe, editor of the Whitby Gazette, has been on "gardening leave" since early March after the publisher, as part of its strategic restructure plans, closed the...
Editor's sacking confirms trend of putting profits before public service

OnLive's alternative to bankruptcy: just what is an Assignment for the Benefit of Creditors?

www.engadget.com
The news is out. OnLive, Inc. is no more, having cut the bulk of its workforce loose and used an Assignment for the Benefit of Creditors (ABC) to absolve itself of massive debts incurred by the expansion of its services without a corresponding increase in its customer base. But...
OnLive's alternative to bankruptcy: just what is an Assignment for the Benefit of Creditors?
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