Economics News

A judge ruled on Wednesday that customers who hold $210.5 million in gift cards from the defunct Borders chain aren't eligible for refunds.

Electric car maker Tesla Motors, in a move that is sure to buoy both the company and the Obama administration, announced Wednesday that it has paid off its entire federal loan.

QUESTION: My husband and I co-signed a loan for our son and his now ex-wife. Our son stayed in the home but fell behind on the payments, and the home was in foreclosure.

Chrysler Group and Tesla Motors, run by two of the most outspoken CEOs in the auto industry, are trading zingers over the help each company received from the federal government.

Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets.

Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday.

A law firm representing a Stockton creditor in bankruptcy is accused of playing dirty by raiding attorneys from an opposing firm that represents the California Public Employees' Retirement System.

Judge Michael Deasy denied the motion to compel Lorraine Skaltsis to answer questions and stop pleading the Fifth Amendment during her bankruptcy case.

The City Council on Tuesday took three prized pieces of property off a long list of those that will go up for sale to pay down Stockton's bankruptcy costs.

After being convicted of false imprisonment, Girls Gone Wild founder Joe Francis told the Hollywood Reporter that his jury was "retarded," and should be killed.

Oreck Corp. got approval Tuesday for an interim financing plan that will allow it to keep operating as it prepares to sell itself to the founding Oreck family or someone elseperhaps even competitor Hoover.

First Montgomery bid $10.1 million at a bankruptcy auction Monday, topping Camden County, the Union League of Philadelphia, and an investment group led by George E. Norcross III and Ira Lubert, who offered $10 million.

Vik is an Editor at High Gear Media and contributor for a number of sites within the High Gear Media network.

Democratic voters in financially troubled Harrisburg denied Mayor Linda Thompson a second term Tuesday, choosing bookstore owner Eric Papenfuse to try to help the financially strapped capital.

ATLANTIC CITY - Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.

St. Louis Fourteen miners and supporters, including United Mine Workers of America President Cecil Roberts, were arrested on trespassing charges Tuesday at a rally in downtown St.

Just 13 months after it opened with sky-high hopes, the casino got out of bankruptcy court Tuesday.

Ergen has offered to buy the spectrum even though the Federal Communications Commission has yet to approve its use, according to the people, who asked not to be named because the deal hasn't been shown to the bankruptcy judge.

A judgment can suck the life out of your credit scores for years and make it difficult, if not impossible, to rebuild your credit.

The state of Rhode Island is getting ready to sell the Kingdoms of Amalur intellectual property that it seized from bankrupt 38 Studios.