It's final, Circuit City will be completely liquidated in bankruptcy and more than 40,000 workers will experience job losses, shopping centers will lose rental income, already struggling newspapers will lose advertising revenue and many...
Just when you thought it couldn't get worse, now car dealers facing bankruptcy are putting already struggling consumers deeper into debt. According to an article in the Star-Telegram, many car buyers who traded in...
Delta, the world's biggest airline carrier announced a 1.4 billion loss in the final three months of 2008, according to an article in the Star-Telegram. Delta, which recently emerged from bankruptcy, lost a total...
Although Chrysler has taken out over $4 billion in government bail out loans just to avoid bankruptcy, the Vice Chairman and President Jim Press offered "good news" about the future of the company according...
According to an article in the Star-Telegram, Southwest Airlines "recorded one of the worst financial performances in the company's history during the fourth quarter, with a $56 million loss driven by fuel hedging contracts."...
Nortel Networks has filed for bankruptcy and is expected to experience massive job losses as it "undertakes a comprehensive business and financial restructuring." As the recession wave hits the technology sector, behemoth technology firms...
According to an article in the Star-Telegram, Bank of America reported a $2.39 billion fourth-quarter loss after receiving a $20 billion bailout AGAIN from the Bush Administration. The article said: BofA cited rising credit...
