Bankrupt Hostess Brands has been hit with a strike by its unions over reduced pay and benefits, brining the company to the verge of collapse. More
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Bankruptcy
A123 Systems Files for Chapter 11 Bankruptcy
A123 Systems, which produced lithium-ion batteries for electric cars, has filed for Chapter 11 bankruptcy despite receiving $249 million in federal grants. More
Former Red Sox Star May Be Forced to Sell Bloody Sock
Former MLB Pitcher Curt Schilling might lose his baseball memories, as he has pledged memorabilia from his career as collateral for millions in debt. More
Bankrupt NFL Star’s Home Hits Auction Block
Need a 15,000-square foot home on nearly 3 acres? Former Pro Bowler Warren Sapp's is up for auction due to his bankruptcy filing earlier this year. More
Visteon Names New CEO
The auto parts supplier taps Timothy Leuliette as permanent chief after being in the role as an interim CEO. More
American Sends Layoff Notice to 11,000 Workers
American Airlines notified 11,000 mechanics and ground workers of upcoming layoffs, though a spokesman claims far fewer will actually lose their jobs. More
MF Global Exec Points Finger at CEO
A CFO of MF Global testifies that CEO Jon Corzine knew that funds were being misused in the final days before the firm's implosion. More
