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Lehman Brothers has accused Barclays Capital of taking $8.2 billion more than it should have when it bought key assets of the failed investment bank a year ago.
Muzak Holdings said Thursday it has filed a bankruptcy reorganization plan that has the support of its biggest lenders and would cut its debt by more than half.
Two of the world's biggest cigarette makers reported Thursday that they emerged from the second quarter in better shape than analysts expected, having raised prices and cut costs to offset falling demand in the U.S. and Europe and to cope with a new tax in the U.S.
American consumers assume they have the right to sue a company that has sold them a faulty product. In the upside-down world of bankruptcy — including the one General Motors is going through — those rights are not a given.
Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 protection on Wednesday, a victim of the recession and management missteps.
Inside a packed Manhattan courtroom, Miriam Siegman and eight other victims of Bernard Madoff directed their anger at the 71-year-old disgraced financier.
A bankruptcy judge said Wednesday that managers of the Lehman Brothers estate can investigate whether Barclays got "too good of a deal" when it bought Lehman's broker-dealer unit last fall.
A Chapter 11 bankruptcy reorganization used to be considered a success if the company cut wages, lightened its debt load and improved supply contracts before emerging as a standalone enterprise.
Filene's Basement will reopen an auction to sell itself to the highest bidder on Friday after prematurely declaring a Men's Wearhouse affiliate the winner.
The judge appointed to oversee the bankruptcy proceedings of General Motors Corp. has a reputation for being thoughtful and thorough, and definitely not hasty, in his approach from the bench.
U.S. companies remain generous with the perks they give to CEOs, including some that are unfathomable to the average American worker: chauffeured cars, bodyguards, club memberships and free travel in company jets.
For Chrysler's sake, it needs a judge who can move it quickly through the Chapter 11 bankruptcy process. By most accounts, Arthur Gonzalez is the right judge.
The U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday.
Lehman Brothers and Barclays have argued over deal value, real estate and the finer points of bankruptcy law. And now, teddy bears.
"Irreplaceable" (Voice, 352 pages, $24.95), by Stephen Lovely: Stephen Lovely must have seen his share of emotional trauma. His new novel, "Irreplaceable," makes the reader feel grief and longing so tangibly that you wonder what the author has gone through himself.
In a Feb. 4 story, The Associated Press quoted Chris Yount, an employee of Circuit City in Peoria, Ill., saying that company layoffs of 30,000 were equivalent to the population of a small city. He was referring to his home of Pekin, Ill., rather than Peoria, Ill.
Cigarette maker Philip Morris International Inc. said Wednesday that its fourth-quarter profit fell nearly 8 percent as the dollar's strength hurt profits.
Philip Morris International, which sells Marlboro cigarettes outside the U.S., said Tuesday it plans to bring smokeless tobacco products to markets around the world through a new joint venture.
Neither "New" nor "Classic," Coke is simply itself again.
Coca-Cola Co., the world's biggest beverage maker, launched a new global marketing campaign on Wednesday to try to draw consumers back to soft drinks.
Retailers are expected to have one of the worst holiday seasons in years as consumers cope with job uncertainty and the nerve-racking stock market, which lost $10 trillion in value between October 2007 and November 2008.
A bankruptcy judge on Monday approved the sale of Lehman Brothers Holdings Inc.'s prized investment management unit to a group of managers and employees.
Tribune Co. was authorized Wednesday to make certain payments to employees, vendors and others as it works through a Chapter 11 bankruptcy reorganization.
American Apparel and an employee who had worked for the retailer since its early years filed dueling lawsuits this week, the latest legal trouble for the cotton clothier.
Altria Group, the owner of the nation's biggest cigarette maker, confirmed on Tuesday that it has started to cut jobs because of the widespread economic turmoil.
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