Mike Herbison

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Settlement becomes focus after sale of Lac-Mégantic railway’s Canadian assets

With completion of the sale of the bankrupt railway responsible for an oil train derailment that killed 47 people, attention now turns to creation of a settlement fund with hundreds of millions of dollars to compensate victims.<p>Bankruptcy attorney Robert Keach said he's working to establish the …

Four killed in suicide bombing targeting U.S.-trained Somali troops

A suicide car bomber blew himself up near a moving convoy of Somalia's U.S.-trained elite forces in Mogadishu, killing at least four people, a Somali police officer said Sunday.<p>Somali militant group al-Shabab claimed responsibility for the attack, according to the group's Radio Andulus.<p>The attack …

A billion-dollar default looms for China’s biggest private shipbuilder

With Chinese steelmakers and solar companies struggling to pay off debts, it was only a matter of time before shipbuilding, China’s other notoriously indebted sector, began flailing publicly. Sure enough, China’s biggest private shipbuilder, Rongsheng Heavy Industries, today announced an …

China