America's First Big-City Bankruptcy of 2013
For the time being at least, Detroit can claim the distinction of having been the biggest U.S. city to ever go completely bust.
bankruptcy
Kodak to Sell 2 Units to Settle U.K. Pension Obligations
Kodak has agreed to sell its personalized and document imaging businesses to its U.K. pension plan as part of an agreement that settles $2.8 billion in claims.
Few Steps Remain in American Airlines, US Airways Merger
Following bankruptcy court approval, the merger of American Airlines and US Airways faces just a few more hurdles, including approval from the U.S. Justice Department.
Airlines' Merger in Holding Pattern as Judge Weighs Severance
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
Chrysler Shares Could Soon Be On the Market Again
When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.
6 Myths Couples Should Stop Believing About Joint Bank Accounts
Setting up a joint bank account is a pretty standard move for most couples, but things start to get a little dicey when it comes to credit cards. Many consumers are confused about what happens to their credit when they get married. Here are some of the most widely-held myths.
This Week's Winners and Losers in Business
From a company that blew away analysts' expectations to a CEO misusing corporate jets, here's a rundown of this week's smartest moves and biggest blunders in the business world.
Hostess Expects to Split Up Snack Cakes in Sale
Twinkies, Wonder Bread and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners.
10 Big Restaurant Chains That Are Falling Off the Menu
It's hard to stay competitive in the restaurant business, no matter how well-established your brand is. In the past 10 years, some of America's biggest chains have seen their sales fall by more than 50%, and closed hundreds of locations. 24/7 Wall St. reviews the chains with the biggest declines.
10 of the Ugliest Celebrity Bankruptcies in History
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.
Shedding $120,000 in Credit Card Debt Saved Her Life
When Franny Bostick thinks back on where she and her husband Jim were six years ago, with more than $120,000 in debt on 13 credit cards, she shudders. They not only faced financial ruin, but she also was on her way to a potentially catastrophic health crisis. But they turned it around. Here's how.
American Airlines Parent Company AMR Loses $238 Million in 3Q
American Airlines parent company AMR lost $238 million in the third quarter on employee severance payouts and other costs related to its bankruptcy.
Layoffs at American Airlines Could Make Things a Lot Worse for Passengers
Pink slips are flying at American Airlines, but workers aren't the only ones who should be concerned. Cutbacks could have serious negative effects on the customer experience.
The Top 10 Most Depressing Student Loan Stories
With total student loan debt long past the $1 billion mark, activists are doing all they can to put as many faces on the crisis as possible. Their mission is simple: To convince Congress student loan debt should be dischargeable through personal bankruptcy.
American Airlines Parent Company AMR Corporation Expects 4,400 Job Cuts, Warns 11,000
American Airlines is sending layoff warning notices to more than 11,000 employees although a spokesman says the company expects job losses to be closer to 4,400. The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring.