February 2, 2012 The bankrupt airline wants a federal agency to assume responsibility for its pension promises.
American Airlines jets at Los Angeles International Airport.
Kevork Djansezian/Getty Images
February 1, 2012 The company, now in bankruptcy protection, would eliminate as many as 16 percent of its jobs. "But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path," CEO Tom Horton says.
A Twinkie shows off its creamy filling in this file photo from 2005. A snack-cake sales slump is one reason Hostess Brands is seeking protection from its creditors.
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January 11, 2012 Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, blaming high debt and rising costs of labor and raw materials. Sales of Twinkies are down, despite its prime product placement in the 2009 film Zombieland.
December 9, 2011 On today's podcast, we try to answer the question — why do airlines keep going bankrupt?
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October 11, 2011 Lung cancer was associated with the highest risk of personal bankruptcy five years after diagnosis, researchers at Fred Hutchinson Cancer Center found. Smokers are more likely to be on a lower rung of the socioeconomic ladder.
Evergreen Solar has filed for Chapter 11 bankruptcy relief, hoping to reorganize its debt and continue as a smaller company. Here, its panels are seen on a rooftop near Rome.
August 16, 2011 Evergreen Solar is filing for Chapter 11 bankruptcy relief, seven months after it fired 800 employees. But the company will face a fight with the state of Massachusetts, which in 2008 awarded more than $30 million in grants and incentives.
June 10, 2010 Credit default swaps are signaling that BP is increasingly viewed as a company whose financial future looks a lot dicier than it did even just a few weeks ago.
June 10, 2009 On today's Planet Money, a GM exec says bankruptcy's wonderful.
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June 1, 2009 GM heads for bankruptcy. Part of the fix: The U.S. gets 60 percent of the company.
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