"He also needed the other 52 lamps that I hadn't restored yet, which nearly doubled the price, " says Burden, who called Govan to break the bad news.

WSJ: Michael Govan, the Man Behind LACMA | WSJ. Magazine May 2013

It's better to break the bad news about money concerns, such as missed revenue projections or cash-flow gaps, before there's nothing left in your company's bank account.

WSJ: The Art (and Journey) of Raising Funds

My translator asked our intelligence escort if we could take a break, and returned with bad news: the bus tour lasted until seven.

NEWYORKER: Election, Monitored

Schilit goes into detail about how companies twist, bend and even break accounting rules to cover up bad news and make their fiscal status seem better than it really is.

FORBES: Nine Great Investment Books Worth Reading

That would effectively mean the break-up of Hyder and would almost certainly be bad news for jobs in Wales.

BBC: Take-over battle begins for Hyder

It would be bad news for the UK if the eurozone crisis ends in a messy break-up but it is not the worst-case scenario.

BBC: Sir Mervyn, the UK and the euro