DETROIT-- The Detroit Institute of Arts has been allowed into talks on how to protect city-owned pieces in its collection during Detroit's bankruptcy. A judge let Detroit enter bankruptcy Dec. 3. New York auction house Christie's says art purchased with city money is worth $450 million to $870 million.» Read More
As the global economic slowdown digs its heels in and consumers tighten their belts and fret about jobs, the Alternative Arts organization hosted its annual Alternative Fashion Week in Spitalfields market, London, a platform for young, new designers.
The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.
Negotiations over the fate of Chrysler continue between the Treasury department and the banks that hold $6.9 billion of Chrysler's debt.
Though it came as no surprise to investors, the collapse of General Growth Properties, the nation’s second-largest mall owner, has stirred new fears about a coming debacle in commercial real estate. The company, which owns 200 shopping centers encompassing 200 million square feet and 24,000 tenants, filed for bankruptcy protection last week.
Your first option should always be credit counseling, says John Ulzheimer.
Today on the company conference call updating its restructuring, I asked GM CEO Fritz Henderson is the company will go beyond the number of plants it laid out for closure when updating the Federal Government on February 17th.
Stocks ended a rocky session higher Thursday as investors were encouraged by JPMorgan's results and techs rallied amid anticipation of better results from Google after the bell.
An early pop fizzled Thursday as investors digested a mixed bag of economic and earnings news. Banks were mixed as techs gained.
Futures pointed to a higher open Thursday as investors shrugged off some dismal data points, choosing to focus on a drop in the headline jobless-claims number.
What happens when a company like GM files for bankruptcy? Here are some basic answers
Auto industry legends weigh in on President Obama’s push for the right solution.
Would it be better for taxpayers if GM went into bankruptcy? That's what some are saying on Wall Street this morning.
The U.S. Department of Labor filed complaints Wednesday accusing suspended NFL star Michael Vick of illegally spending about $1.3 million in pension plan funds for his own benefit, including paying restitution ordered in his dogfighting conspiracy case.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
The white-hot anger over AIG continues to radiate heat beyond any politician's worst nightmare. This is what happens when friends don't let friends go into bankruptcy.
In Moody’s “U.S. Bottom Rung” report, the ratings agency lists the 283 speculative-grade, non-financial U.S. companies most at risk of default. Check out the list.
General Motors' auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.
General Motors' says it gave Chief Executive Rick Wagoner compensation valued at $14.9 million last year for leading a company that lost $30.9 billion and is running on government loans.
American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.
When a company carries too much debt, disastrous consequences may arise for employees and the company itself.