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Peruvian President Alan Garcia's promise to limit Peru's foreign debt payments is understandable, but the action is not likely to inspire similar moves by other debtor nations, analysts said Monday.
Memphis State University officials have withheld payment of a bonus to basketball Coach Dana Kirk
Nine monkeys froze to death at a Japanese zoo that had its power cut off because it could not pay an electric bill.
The construction firm that rebuilt the San Clemente Pier after it was ravaged by winter storms in 1983 filed a lawsuit Tuesday claiming that the city has failed to pay $350,000 for the work.
Knudsen Foods, the largest dairy products company in the West, said Tuesday that it did not have enough money to pay dairy farmers and other suppliers and may file for protection from its creditors under Chapter 11 of the U.S.