bankruptcy

Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.

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.

The parent company of American Airlines wants more concessions from unions, or it'll push to cancel existing labor contracts.

The two struggling companies reveal more cuts.

Why are more and more low-tech companies struggling to survive?

Eastman Kodak filed for Chapter 11 bankruptcy protection this morning. It's just the latest high profile company to go bankrupt in recent weeks, following American Airlines and Hostess Brands.

You pressed the button, they tried to do the rest

Some companies just can't escape Chapter 11 bankruptcy, and have to declare twice.