Economics News

State officials went to federal court yesterday to force into bankruptcy two troubled Meredith financial firms.

Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.

The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing seeking permission to keep making the payments.

A federal appeals court said a western Pennsylvania woman isn't entitled to a new trial on her claim that an accounting error by Ernst & Young cost her $103 million.

In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston.

Creditors are trying to cut off a $12,800 monthly allowance to the government's key informant in New Jersey's largest corruption sting.

The Penn Traffic Company and its primary subsidiaries filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code on November 18, 2009.

A bankruptcy trustee says claims have been filed for 154 people who say they were sickened by a salmonella outbreak traced to a Virginia peanut company.

Manufactured home and modular building maker Champion Enterprises Inc. says it is not planning any layoffs at its York, Neb., plant as part of its restructuring.

Simmons Company, maker of Beautyrest mattresses, has filed for bankruptcy protection.

Simon Property Group Inc. , the owner of Southridge Mall in Greendale, has hired outside advisers to help it weigh its options regarding the possible acquisition of assets from fellow shopping mall owner General Growth Properties , which owns Mayfair Mall in Wauwatosa.

Japan's transport minister declined to rule out a court-led bankruptcy for Japan Airlines , sending the struggling carrier's stock to a record low, even as U.S. carriers lined up with offers of financial support.

The company that publishes Reader's Digest is planning to vacate its longtime suburban headquarters, the CEO said Wednesday.

A bankruptcy auction of the company that publishes The Philadelphia Inquirer and Philadelphia Daily News has been postponed while creditors appeal a key ruling.

Penn National Gaming offered $50 million for the Fontainebleau Las Vegas casino-resort. The development is currently under bankruptcy, and Penn's offer would serve as the opening bid at a bankruptcy auction.

A suburban Philadelphia swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children has filed for bankruptcy.The Chapter 7 filing by Valley Swim Club president John Duesler on Monday says the club's assets are between $1 million and $10 million and estimates liabilities at $100,000 to ...

Foxwoods Resort Casino, one of the world's largest, has failed to make a full payment on its debt, leading to a default and another credit-rating downgrade as casinos around the country struggle amid the severe recession.

Former Lehman Brothers CEO Dick Fuld. Lehman Brothers Holdings sues Barclays Capital over $8.2B 'windfall profit' resulting from firesale Lehman Brothers Holdings Inc has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business ...

Bondholders battling Donald Trump for control of Trump Entertainment Resorts' three Atlantic City casinos have reached a deal allowing the casinos to retain Trumps' trademark name.

Courtesy Amelia Island Plantation Amelia Island Plantation resort will continue to operate while Amelia Island Company files Chapter 11 bankruptcy.