Economics News

Mitt Romney on Friday embraced a comment made by Bill Clinton the previous night, in which the former president praised Romney's private equity career, despite a recent flood of Democratic attacks against the presumptive nominee's corporate resume.

American Airlines' parent company lost $142 million in April as revenue failed to keep up with the cost of jet fuel, labor and other expenses.

In one of their largest financial-fraud cases ever, federal prosecutors in Chicago announced charges Friday againt the former CEO and head trader at a now-bankrupt cash-management firm accused of defrauding more than 70 customers out of more than $500 million.

In this May 31, 2012 file photo, Republican presidential candidate, former Massachusetts Gov.

Debt-burdened French poultry group Doux collapsed into administration on Friday after failing to reach an agreement with bankers, putting at risk more than 3,000 jobs.

Head of Greece's Radical Left Coalition Alexis Tsipras, presents his party's economic policies in Athens, on Friday, June 1, 2012.

Dynegy Holdings LLC says a dissident group of junior creditors has agreed to drop their opposition to the power provider's restructuring proposal, a day ahead of a key hearing on the plan.In a Wednesday filing with the U.S. Bankruptcy Court in Poughkeepsie, N.Y., Dynegy said a group of subordinated noteholders who say they're owed more than $220 ... (more)

RG Steel has filed for Chapter 11 bankruptcy protection, just a week after warning employees that ongoing liquidity problems would bring sweeping layoffs and plant closings in Ohio, West Virginia and Maryland.

This Sept. 25, 2010 file photo shows "Octomom" Nadya Suleman, holding 20-month-old daughter, Nariah Solomon as she talks to media about her yard sale and auction to raise money at her home in La Habra, Calif.

The owners of Maryland's only ski resort say they have met with a number of prospective buyers in their efforts to avoid financial failure.

Stockton's city manager is requesting the authority to declare bankruptcy if the city is unable to reach a deal with its creditors by next month.

Mitt Romney was holding a news conference outside the shuttered offices of Solyndra, the green energy company that went bankrupt after receiving government loans.

A no supporter protests from inside the headquarters of the Referendum offices in Dublin, Ireland, Wednesday, May 30, 2012.

RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, a week after warning it had a liquidity crisis and would idle three steel plants it bought from Russian steelmaker Severstal for $1.2 billion just last year.

Tax-protesting Idaho state Rep. Phil Hart, who lost his bid for a fifth term in the GOP primary two weeks ago, has filed for bankruptcy.

General Electric Capital Corp. has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme Minnesota businessman Tom Petters was convicted of orchestrating.

The city of Fredericksburg opposes a plan to resurrect a national slavery museum envisioned by former Gov.

A federal bankruptcy judge in Texas has approved a request from the Los Angeles Police Department to turn over audiotapes that may develop new clues about unsolved killings involving followers of notorious murderer Charles Manson.

The mayor of Pennsylvania's debt-laden capital city said on Wednesday she will fight for the city's ability to declare bankruptcy after June 30.

RoomStore Inc. is seeking U.S. Bankruptcy Court approval to hire an investment banking firm to help sell its 65% stake in bedding specialist Mattress Discounters.