Sbarro filed for bankruptcy protection on Monday for the second time in less than three years. The filing comes on the heels of Sbarro's announcement last month that it will close 155 of about 400 restaurants it owns in North America to cut costs.
Edison International's Edison Mission Energy filed for Chapter 11 bankruptcy protection Monday. Edison Mission's financial woes reflect the obstacles coal faces in a market increasingly dominated by cheap natural gas and a shift towards renewables.
A123 Systems, the bankrupt battery supplier for Fisker Automotive, wants to end the contract under which it supplies the Fisker's battery, Voelcker writes.
American Suzuki says it will stop selling cars in the United States as part of its bankruptcy reorganization. American Suzuki points to poor sales, exchange rates, and high regulatory costs for its decision to stop selling cars in the US.
Catholic diocese: The move was approved Thursday by U.S. Bankruptcy Court Judge Robert N. Kwan after a bidding war between the diocese and Orange County's Chapman University for the sprawling 40-acre property — and was opposed by many Crystal Cathedral congregants who fear it will be the end of their church.