Countrywide Bankruptcy rumor and denial news are floating the online teletypes as one financial reporter says Countrywide may be on the verge of bankruptcy, and another news reporter says Countrywide denies bankruptcy rumors.

The Yukos oil firm has formally ceased to exist following the completion of the company's liquidation process, the Yukos bankruptcy administrator said on Thursday in Moscow.

Citi Investment Research analyst Prashant Bhatia, a longtime critic of E*Trade (ETFC), has slashed his rating on the bank in a report Sunday headlined, “Bankruptcy risk cannot be ruled out.”

ETFC stands for E*Trade Financial and the stock is getting pounded today because Citi Financial Research Analyst Prashant Bhatia slashed his rating on the bank in a report Sunday headlined, “Bankruptcy risk cannot be ruled out.”

Topps Meat Company LLC announced today that because of the economic impact of the second-largest beef recall in U.S. history involving more than 21.7 million pounds of ground beef products, it is forced to close its Elizabeth plant and go out of business effective today.

Prime minister of France pledged to balance the budget before the end of his term. "The truth is that I am the head of a state that is in a state of bankruptcy due to its financing plan," Prime Minister Francois Fillon said in the Corsican city of Calvi. Fillon answers to President Nicolas Sarkozy, but heads the French government.

There is a bad new from First Magnus as it files for bankruptcy. First Magnus website is not longer available and the following message is there standing as the last news from First Magnus, which used to be a major mortgage lender.

Countrywide Financial Corporation (NYSE: CFC) announced today (August 16) that it has supplemented its funding liquidity position by drawing on an $11.5 billion credit facility.

A Manhattan federal judge has rejected Parmalat SpA's request to dismiss an investor class-action lawsuit stemming from the Italian dairy company's December 2003 collapse in an accounting scandal, Reuters reported Monday.

KPMG, anticipating criminal charges would be a "nuclear bomb'' that would wipe out the accounting firm, pleaded with federal officials in 2005 not to indict it for selling fraudulent tax shelters, Bloomberg News reported Tuesday citing newly released internal documents.

On May 31st, Northwest Airlines Corporation rang The Opening BellSM at the New York Stock Exchange, a subsidiary of NYSE Euronext (NYSE: NYX), to celebrate the company's listing on the NYSE and emergence from bankruptcy.

Airline to emerge as stronger, globally focused carrier