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Credit Suisse implicated in latest US major media failure

GenevaLunch News Minneapolis, Minnesota, US and Zurich, Switzerland (GenevaLunch) – Credit Suisse has been named as one of the largest creditors in the chapter 11 bankruptcy filing Friday of the the...

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NY Times gets $250m from Slim as US newspaper industry wobbles

GenevaLunch News One of the world’s richest people, Mexico’s Carlos Slim, is investing $250 million in the New York Times, the newspaper confirmed, in the form of warrants. He already has a 6.9% stake...

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Chrysler files for Chapter 11, workers hope to see it out soon

GenevaLunch News US carmaker Chrysler has filed for Chapter 11 protection from its creditors, but its workers are banking on the government’s encouraging words that it could be out within weeks, if all...

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Baring US bankruptcy process

GenevaLunch News I can’t count the number of people from other countries (outside the US) who have told me they just don’t understand the US bankruptcy system. I occasionally make a stab at explaining...

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American Airlines files for Chapter 11

GenevaLunch News GENEVA, SWITZERLAND - American Airlines Tuesday 29 November filed for Chapter 11, the start of “reorganization” proceedings in the US, a legal maneuver that allows companies to declare...

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