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Bankruptcy

Spencer Platt, Getty Images
Spencer Platt, Getty Images
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State House Approves $195 Million in Aid for Detroit

On Thursday, the Michigan House of Representatives approved a package worth just under $195 million that would aid Detroit in its attempt to emerge from bankruptcy.

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Category: Michigan News Tags: ,
YouTube
YouTube
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Detroit Files For Chapter Nine Bankruptcy

Michigan's largest city has filed for Chapter Nine bankruptcy protection. Struggling with billions of dollars in debt after decades of mismanagement, Detroit is the largest city in the history of the United States to file.

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Hostess Twinkies
Tim Boyle, Getty Images
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Hostess Out Of Business! 18,500 Workers Without Jobs, Production Halted As Of Today

It's an iconic brand name and a staple in every school kid's lunch box, but stock up now because production has been called to a halt as of today!

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tom boyle, getty images
tom boyle, getty images
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Say Goodbye To The Twinkie! Hostess May Close By The End Of Today

We could be getting near the end of the road for a few of our old time favorite American snack cakes.

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Category: Business, Food Tags: , ,
2012 Consumer Electronics Show Showcases Latest Technology
Kevork Djansezian/Getty Images
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Kodak Files For Bankruptcy

Another iconic American brand is navigating troubled financial waters as Kodak has filed Chapter 11 bankruptcy. Despite $4 billion in annual sales, Kodak is struggling with legacy costs and low-cost digital competition. For many decades Kodak was THE name for film and photographic paper. Chances are good that you have some old snapshots in an album at home on Kodak paper.

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Category: Business Tags: ,
Interstate Bakeries Files Chapter 11
Justin Sullivan/Getty Images
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Twinkies Won’t Last Forever; Hostess Filing Chapter 11

According to the Wall Street Journal, the company that makes Twinkies and Wonder Bread is preparing to file for Chapter 11 bankruptcy protection as early as this week. This would be the second time that Hostess Brands, Inc. has filed for bankruptcy in less than a decade.

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Category: Business Tags: , ,

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