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Monday, February 18, 2013

The Two-Way

'Reader's Digest' Parent Company Files For Bankruptcy Protection

Reader's Digest's parent company has filed for bankruptcy protection.

February 18, 2013 The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.

Summary

Friday, November 16, 2012

The Two-Way

No More Twinkies? Hostess Brands Is Shutting Down

Stock up now.

November 16, 2012 Already in bankruptcy protection, the company has also been dealing with a nationwide strike. It says it can't go on. So 18,500 jobs are being eliminated. And some iconic taste treats may soon be scarce.

Summary

Wednesday, August 01, 2012

Planet Money

The Bankrupt Rapper Who Bought His Own Stuff At An IRS Auction

"Bought This" — Young Buck Tweet

August 1, 2012 And he live-tweeted it. "Bought this back, just to give it away!"

Summary

Tuesday, June 05, 2012

Planet Money

Judge Says Pension Fund Can't Seek Bankruptcy Protection

The Northern Mariana Islands: white sand, blue water and huge pension liabilities.

June 5, 2012 A bankruptcy judge has ruled that the pension fund of a small U.S. territory is a "governmental unit" and therefore not eligible to file Chapter 11 bankruptcy.

Summary

Tuesday, May 29, 2012

Planet Money

Promises, Promises

The Northern Mariana Islands: white sand, blue water, and huge pension liabilities.

May 29, 2012 States have promised their employees sweet retirement benefits, but haven't set aside enough money. Now, one public pension fund has filed for bankruptcy.

Summary

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Thursday, May 24, 2012

Planet Money

Bankrupt In Paradise

A rainbow over the sea in Saipan, Northern Mariana Islands.

May 24, 2012 The public pension fund of a U.S. territory in the Pacific Ocean recently filed for bankruptcy. If the case is allowed to proceed, it could have major implications for retirees all across the U.S.

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Thursday, February 02, 2012

Planet Money

Will Taxpayers Be On The Hook For American Airlines' Pensions?

An American Airlines plane flies over a highway in Queens, New York City on Sept. 13, 2009.

February 2, 2012 The bankrupt airline wants a federal agency to assume responsibility for its pension promises.

Summary

Wednesday, February 01, 2012

The Two-Way

American Airlines Plans To Cut 12,000 To 14,000 Jobs

American Airlines jets at Los Angeles International Airport.

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.

Summary

Wednesday, January 11, 2012

The Two-Way

Hostess, Maker Of Twinkies, Files For Chapter 11

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.

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.

Summary

Friday, December 09, 2011

Planet Money

The 'Nasty, Rotten' Airline Business

The aircrew of the first commercial flight of the Boeing 747 from New York to London for Pan American.

December 9, 2011 On today's podcast, we try to answer the question — why do airlines keep going bankrupt?

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Tuesday, October 11, 2011

Shots - Health News

Lung Cancer Leads List of Malignancies Linked With Bankruptcy

A memorial ribbon fashioned from U.S. currency.

October 11, 2011 KHNLung 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.

Summary

Tuesday, August 16, 2011

The Two-Way

Evergreen Solar Panel Maker Files For Chapter 11

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.

Summary

Thursday, June 10, 2010

The Two-Way

Potential BP Bankruptcy Looks Likelier To Some

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.

Summary

Wednesday, June 10, 2009

Planet Money

GM Loves Bankruptcy

Lebanese voting

June 10, 2009 On today's Planet Money, a GM exec says bankruptcy's wonderful.

Summary

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Monday, June 01, 2009

Planet Money

You're A Car Mogul

GM ad

June 1, 2009 GM heads for bankruptcy. Part of the fix: The U.S. gets 60 percent of the company.

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