Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France. Atari says the move is necessary to secure investments it needs to grow in mobile and downloadable video games.
There's nothing quite like America's obsession with celebrities -- unless, of course, you consider our obsession with celebrity failures. After all, the shine of a rising star is always eclipsed by the blazing fire caused by a big bank account going up in smoke.
Dewey & LeBoeuf was one of the world's great law firms, with 1,300 attorneys on five continents and revenues in excess of $900 million a year. This makes its bankruptcy quite simply the largest law-firm failure ever. So how did it manage to go broke?
As surprising as it may seem to many of us when large corporations with familiar brands vanish suddenly from the scene, it happens. Major companies like Saab, Borders, and Countrywide -- just to same a recent few -- are now history. Who's next? Read on ...
Once, Kodak was one of the world's most recognized brands -- it's little yellow film boxes were everywhere. Now the the film is a relic, and the company that benignly ruled Rochester, N.Y., for a century is in Chapter 11. A Kodak kid reminisces:
In the wake of Eastman Kodak's bankruptcy filing, some speculators will be tempted in the coming days to nibble on the company's battered shares. But if you know what's good for your portfolio, you'll stay away.
If you're a fan of frequent flier miles, and the carrier you fly most goes bust, what should you do? Stick with the airline, or make a change? Are your points still worth anything? Don't worry, American Airlines loyalists -- the answers aren't as grim as you might fear.
Be on the look out for going-out-of-business sales at a Filene's Basement near you. The Massachusetts-based discount retailer announced Wednesday morning that it has filed for bankruptcy -- for the third time -- and plans to close its 21 discount stores in the next few months.
Eric Trump started getting a taste of the family business at young age, tagging along with his real estate and hotel tycoon father, Donald Trump. That early immersion set the stage for Eric's involvement with the Trump Organization as an adult, and his desire to follow in his father's footsteps.
Rebuilding your life after bankruptcy can sometimes seem like an overwhelming task. But if you've recently filed for Chapter 7 or Chapter 13, it's important to realize that there really is life after bankruptcy.
Like a spirit from beyond the grave, bankrupt Sharper Image Corp. is back and searching for its former gift card holders. But this is a benevolent ghost: Its mission is to start the process of finding and reimbursing them.
In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are also at play here.
