The American Airlines bankruptcy case has been quite turbulent in the last few months. With talks of massive layoffs, huge cuts to employee pensions and benefits, many employees are feeling pessimistic about the future of their jobs at American. Although Dallas-Fort Worth stands to lose quite a bit if American does not successfully resolve their  … Read more

Once taking over headlines for giving birth to octuplets, Nadya Suleman has enjoyed her time in the spotlight. Despite receiving much criticism, Suleman has continued to stand by her decision to receive fertility treatments and became a mother to 8 babie back in 2009. Suleman has laid low for quite some time, but is back  … Read more

Owners of BP gas stations and their customers have been put on the back burner for the last few months. All gas deliveries have stopped to most stations, leaving locals with fewer gas options and station owners with empty lots. Tough Times With more than 700 BP stations struggling to stay in business, many gas  … Read more

The online photography and custom photo store Shutterfly has been lurking around Kodak for the last few weeks. Having filed for bankruptcy in January, Kodak’s intellectual property and other assets have been up for grabs to the highest bidder. With very little interest thus far, Shutterfly may just be the winning bidder. Picture Perfect Deal  … Read more

After several years of financial turmoil and a credit downgrade in 2005, things are looking up for Ford Motor Co. Unlike its rivals Chrysler and GM, Ford was able to avoid bankruptcy a few years back by taking out a massive restructuring loan. With much of the loan repaid and profitability slowly returning, Fitch Ratings  … Read more

Last summer news broke about the fate of the retail movie rental chain Blockbuster after their bankruptcy filing in 2010. After much negotiation and consideration, Blockbuster was bought out by the cable television provider Dish Network. While Dish vowed to allow many Blockbuster stores to remain open, a main office headquarters will soon be relocated.  … Read more

Today is a big day for determining the fate of American Airlines, as representatives from both the company and employee unions are scheduled to meet in bankruptcy court today. With so much on the line, the fate of the company is ultimately up to the bankruptcy judge who must determine the best procedures for restructuring  … Read more

The American Airlines bankruptcy case has been a point of controversy since their filing late  last year. Company executives have faced some tough criticism over their risky moves in the last few months. Despite constant negotiations the company has yet to find a solution to their financial troubles that doesn’t include huge cuts to jobs  … Read more

After filing for Chapter 11 for the second time in 10 years, Hostess Brands Inc. is having continued problems in their current bankruptcy filing. The snack cake maker is reporting trouble reorganizing their $945 million general and $11.8 pension fund debts. After the blame was placed on union and pension obligations, Hostess is now encouraging  … Read more

The American Airlines bankruptcy isn’t the only headline describing the trouble in the airline industry these days. Direct Air has also been in the midst of a Chapter 11 case for the last few months. However, after continued troubles with debt restructuring the company has asked the judge to approve a conversion to a business  … Read more