Bankruptcy News

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.

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.

Gov. Martin O'Malley issued the following statement Thursday regarding RG Steel's announcement that it has filed for Chapter 11 bankruptcy protection: "For generations, Sparrows Point has been a major employer for hundreds of Baltimore families and a significant asset for the State.

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

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.

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.

Stunts, stagecraft, scripts - and a touch of the surreal - shaped the presidential campaign Thursday as Mitt Romney and President Barack Obama sought an edge on voters' No.

Saying yes could mean dooming Ireland to more long, hard years of austerity. But saying no could mean national bankruptcy next year.

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 made a surprise campaign stop Thursday at the shuttered headquarters of Solyndra - the failed energy company he frequently invokes as a symbol of President Obama's misuse of taxpayer dollars.

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.

Publisher Boston Hannah International LLC filed for bankruptcy liquidation and listed liabilities of up to $1 million.

Toronto Area Commercial Crime Section, in collaboration with the newly established Ontario Region Special Investigation Unit of the Office of the Superintendent of Bankruptcy , charged the following individual with offences under the Bankruptcy & Insolvency Act and the Criminal Code .

Mitt Romney, having weathered the first sustained general-election attack, is entering a critical 90-day stretch to the Republican convention on relatively equal footing with the White House and is unleashing a new offensive to win over independent voters and further undermine confidence in President Barack Obama's stewardship of the economy.

LOW POINT: Bankruptcy looms for Don Ha, who was on the National Business Review rich list and splashed millions on racehorses.