Jan 8th, 2009 · Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and said they expected other lenders to follow.
Dec 27th, 2008 · It's been a fascinating but worrisome year for journalism. There have been cutbacks just about everywhere. The giant Tribune Company has filed for bankruptcy. Some publications have completely folded. Some have stopped the presses and moved to the Internet.
Dec 26th, 2008 · In 2008, nearly 58,000 businesses filed for bankruptcy. But challenging times also can spur people — including two brothers in Raleigh, N.C., to start businesses. Their business, Dog Diggity Daycare, began after they both found themselves out of work.
Dec 23rd, 2008 · For decades, U.S. automakers have been paying more for the same hour of work than foreign manufacturers with plants in the U.S. If General Motors and Chrysler fail to cut those costs, they face bankruptcy, President Bush said in extending $17.4 billion in loans to Detroit.
Dec 20th, 2008 · Bankruptcy is no longer in the immediate future of General Motors and Chrysler. The White House offered the ailing automakers a $17 billion lifeline in emergency loans. While automakers cheered the development, they're on a short timeline to prove they can survive.
Dec 16th, 2008 · While General Motors and Chrysler fear bankruptcy without a bailout, Ford claims it isn't asking for a hand-out, just a hand. But back to 2007, Ford was the one looking at Chapter 11. We examine Ford's solution and how GM and Chrysler might benefit from the company's hard-earned wisdom.
Dec 12th, 2008 · The Senate's rejection of the auto bailout plan left Detroit's automakers scrounging for a short-term cash infusion Friday to forestall imminent bankruptcy. World stock markets dropped on the news and stock futures pointed to a big sell-off when U.S. markets open.
Dec 11th, 2008 · Major daily newspapers such as the Los Angeles Times and the Chicago Tribune have filed for bankruptcy, and there may be more to come. Those left standing are having a hard time finding a viable business model in today's economy.