National Enquirer Parent Files for Bankruptcy

It's not just mainstream news publications that are have difficulty surviving in the recession. American Media, the parent of tabloids the National Enquirer and Star, filed for Chapter 11 bankruptcy protection Wednesday.

Legal Briefing: BP's Partners Will Negotiate on Oil Spill Bills

Mitsui Offshore Exploration and Anadarko Petroleum, BP's partners in the Deepwater Horizon well, now refuse to share in the liability for the Gulf oil spill, saying BP's gross negligence frees them from liability. But before the issue goes to arbitration, they're going to try to talk it out.