$2.4bn debt forces Six Flags to file for bankruptcy

By Calvin Palmer
Amusement park company Six Flags today filed Chapter 11 bankruptcy protection in Delaware after failing to reach an agreement with lenders on its debt.
The theme park operator, which had $2.4 billion in debt, faced nearly $300 million in payments to preferred stockholders due in August.
Mark Shapiro, the New York-based company’s chief executive officer, [...]

Iran cuts cell phone service and blocks Web sites after Ahmadinejad’s victory

By Calvin Palmer
The main mobile telephone network in Iran was cut in the capital city Tehran today and popular Web sites such as Facebook and YouTube blocked after President Mahmoud Ahmadinejad won a landslide re-election victory.
Supporters of Ahmadinejad’s moderate rival Mir Hossein Mousavi took to the streets amid claims that the election result had been [...]

Arrest of man sought by police in rape of woman arranged by husband

By Calvin Palmer
A man has been arrested in connection with the rape of a North Carolina woman in her home after her husband allegedly arranged the attack through an advert on Craigslist.
Rodney Liverman Sr, 39, of Norwood, was arrested at his home yesterday. He is charged with first-degree rape and remains in jail on a [...]