Beacon Power, like Solyndra a recipient of a federal loan guarantee under the DOE's renewable energy program, has declared bankruptcy, leaving taxpayers to pay the tab. But the firm is tiny. Bigger ones are out there.
Bankruptcy protection would allow 400-restaurant chain to restructure and stay in business. At least three other restaurant chains have filed for bankruptcy protection this year.
Borders looming liquidation will have wide-ranging effect on the book industry. Borders bankruptcy marks the decline of big-box stores it pioneered.
Borders bankruptcy comes at a time when the company reports $2 million in losses each day at the stores it plans to close.
The $7.2 billion from the estate of philanthropist Jeffry Picower represents the largest forfeiture in US history. So far, $9.8 billion has been collected on behalf of Bernard Madoff victims – nearly half the $20 billion that investors lost.
Bankruptcy won't close A&P's 395 grocery stores, thanks to $800 million financing deal.
Bankruptcy protection: In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, Blockbuster said it reached an agreement with bondholders on a recapitalization plan.
Tiny Postville, Iowa, struggles to regain its footing one year after the largest immigration sweep in US history.