Corporate bankruptcies are on the rise in the United States as companies suffer from sagging sales and the tight credit markets. Already in 2009, corporate bankruptcy has risen to 33 companies as compared to 14 corporate bankruptcies in 2008. The assets of those 33 bankrupt companies are a combined $66.7 billion, the size of one [...]

According to an article in the Dallas Morning News J.C. Penney Co. reported a 51 percent decline in fourth quarter earnings as it joins the ranks of other retailers facing loses. Many retailers have already filed for bankruptcy and those who have avoided bankruptcy have been hit by massive  job losses , store closings and [...]

The current recession is sucking the life out of the retail sector, sending many companies to bankruptcy and putting a serious hurting on the commercial real estate market. With money becoming tighter, many shoppers are simply staying away from malls and learning to live with less as many face their own personal financial crises including [...]

As job losses mount nationwide, many employees who escaped the job loss axe are finding their benefits reduced or eliminated. According to an article in the Dallas Morning News, Fossil Inc. who reported a 13 percent decline in their 4th quarter earnings and project further losses for 2009 announced that they are implementing job losses [...]

According to an article in the Star-Telegram, the House and Senate are scheduled to vote on the Obama Administration's $789 billion stimulus plan by Friday. The plan, which is touted by President Obama as a tool that will "save or create more than 3.5 million jobs and get our economy back on track" is filled [...]

According to an article in the Star-Telegram, government officials "overpaid tens of billions of dollars for stocks and other assets in its massive bailout last year of Wall Street banks and financial institutions." The article said: The Congressional Oversight Panel, in a report released Friday, said last year's overpayments amounted to a taxpayer-financed $78 billion [...]

According to an article in the Dallas Morning News, President Obama warned Congress that if the $900 billion stimulus package is not passed quickly the recession could quickly morph into a "catastrophe." The article said: "A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less [...]

According to an article in the Dallas Morning News, American automakers started the New Year with a fizzle as the car sales sank amid the increase in job losses , foreclosure, bankruptcy and decreased consumer spending. The article said: Ford Motor Co. said Tuesday its U.S. vehicle sales fell 40 percent in January, Ford sold 93,060 [...]

According to an article in the Dallas Morning News, personal bankruptcy filings have surged 33 percent since 2007. In the Dallas- Fort Worth area alone, 15,707 consumers filed for bankruptcy in 2008, a 20 percent increase since 2006. The article said: "Consumers are under great financial stress, with no immediate end in sight," said Samuel [...]

According to an article in the Star-Telegram, nearly 200 commercial real estate developers, investors and brokers attended an industry conference this week and the assessment of the current conditions for the commercial real estate market was somber at best. The article quoted one of the speakers at the conference: "We've got to acknowledge that winter [...]