Spanish public debt hits 13-year high

Spanish public debt hit a 13-year high in the first quarter of 2011 and shattered a key European Union ceiling designed to ensure strong state finances, Bank of Spain figures showed Friday.

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Libya, Japan, the European debt crisis. Take that last one off the list?

This week, debt felled another European leader as Portugal's prime minister resigned. But the euro currency did not tumble.

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Greece will not restructure debt: finance minister

Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.

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Summary Box: Rates fall on Greek debt concerns

GREECE QUESTIONS: Interest rates dropped in the bond market Thursday on renewed concerns that a bailout for Greece might not be enough to prevent the country from defaulting on its debt.

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Greece Names a Speculator as Debt Odyssey Goes On

The Greek press has started naming names as it looks for the culprits betting against its debt and the euro, and its accusation has been taken up by the blogosphere.

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Muzak reorganization plan cuts debt in half

Muzak Holdings said Thursday it has filed a bankruptcy reorganization plan that has the support of its biggest lenders and would cut its debt by more than half.

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Africa Israel Falls in Tel Aviv on Debt Talks With Bondholders

Aug. 30 -- Africa Israel Investments Ltd.

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Foxwoods Owner Seeks to Restructure Debt

The Mashantucket Pequot Tribal Nation, the owner of the Foxwoods Resort Casino in Ledyard, Conn., said on Wednesday that it is seeking to restructure its debt, as casinos worldwide grapple with slumping business.

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Moody’s Joins S.&P. in Warning on California Debt

The state of California is facing a “multi-notch” downgrade of its debt if it fails to resolve its enormous budget woes, Moody’s Investors Service said Friday.

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Ford may issue more stock to cut debt

Ford will likely trade more of its debt for equity and sell more common stock, so it can improve its balance sheet until the company can become profitable in 2011, CEO Alan Mulally said Thursday.

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