Jun 1, 2012 Tess is joined by senior producer Paddy Hirsch and credit expert Liz Weston to talk about credit utilization, bankruptcy amongst seniors, and the down side of buying real estate for your kids.
May 29, 2012 Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
May 29, 2012 Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.
May 24, 2012 The mayor's plan would stop illuminating blighted neighborhoods, and spend more to light the rest.
May 18, 2012 The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
May 8, 2012 Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
Apr 27, 2012 The fashion designer Betsey Johnson has filed for bankruptcy protection. Dozens of the fashion designers' stores will close, and hundred of employees will be laid off.
Apr 5, 2012 The city of Detroit has a projected a deficit of more than $200 million his year -- and it could run out of money by June. Last night, Detroit's city council narrowly passed a controversial deal with the State of Michigan.
Mar 26, 2012 The parent company of American Airlines wants more concessions from unions, or it'll push to cancel existing labor contracts.