Toyota recalls more than 6 million cars
In light of the recent General Motors recall and controversy over its ignition-switch issues, Toyota announced today they will also recall more than six million vehicles. The recall, which will include...
View ArticleColdwater Creek Inc declares Chapter 11 protection
Reuters reports Coldwater Creek Inc., the upscale women’s clothing retailer, has filed for Chapter 11 bankruptcy today. Coldwater Creek Inc. is just the one of many retailers who has recently decided...
View ArticleStudent loans thrown into default when co-signer dies or files bankruptcy
CNN Money reports students are getting a shock when their student loans are being thrown into default if the co-signer on the loan files for bankruptcy protection or dies. According to the Consumer...
View ArticleDetroit’s Chapter 9 bankruptcy only first step to financial viability
Detroit’s Chief Financial Officer, John Hill, admitted that completing Chapter 9 bankruptcy is just the first step for the financially devastated city. In a conference sponsored by the Federal Reserve...
View ArticleEnergy Future Holdings scheduled to file bankruptcy
Reuters reports Energy Future Holdings will file for Chapter 11 bankruptcy in Delaware today, according to sources. The ailing company has struggled the last several years due to a high debt load of...
View ArticleEnergy Future Holdings gets interim loan
Reuters reports it took more than seven hours of contentious arguments in court before the bankruptcy court made a decision to approve interim loans for the biggest power company in the state of Texas,...
View ArticleTarget CEO to resign among data breach controversy
Data for millions of Target customers isn’t the only casualty of the massive holiday season data breach. USA Today reports Target’s President and CEO, Gregg Steinhafel, has resigned today, in another...
View ArticleStockton faces off with remaining creditors today
Reuters reports Stockton, a city of nearly 300,000, which became the most populated city in American history to declare bankruptcy two years ago, is scheduled to face off against one of their creditors...
View ArticleDetroit automakers asked to help raise money for pensioners
Reuters reports Detroit’s top automakers have been tapped by the Detroit Institute of Art (DIA) to help raised money for Detroit pensioners, a move some argue is critical for Detroit to complete their...
View ArticleSbarro Incorporated bankruptcy plan approved by court
Reuters reports a United States bankruptcy judge has approved Sbarro Incorporated Chapter 11 bankruptcy plan and will allow the fast food pizza chain to move forward with their Chapter 11 bankruptcy,...
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