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The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday.
Brennan's Inc., former owner of the landmark Brennan's restaurant, is bankrupt and must be liquidated, a federal bankruptcy judge has found.
Bob Dylan's sunburst Fender Stratocaster made rock history when he played it at the 1965 Newport Folk Festival.
The temple of Parthenon on the top of Acropolis hill is illuminated by the sunset in Athens, Friday Dec. 6, 2013.
A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more crowded.
President Barack Obama marked the end of Hanukkah with not one, but two receptions at the White House on Thursday.
Bankruptcy may be the best thing to happen to Detroit. It has forced a once and future great city to change the missteps that might have killed it.
U.S. Bankruptcy Judge Steven Rhodes has ruled that Detroit, Mich., may seek to protect itself from its creditors under Chapter 9 municipal bankruptcy protection, thus making this once proud city the largest municipality in American history to go bust.
The Blackstone Group found itself in The Daily Show's sights last night, based on a seemingly-brazen piece of self-dealing that was first uncovered late last month by Bloomberg News .
Less than a year after entering Chapter 11 bankruptcy , Atari has charted a course back out.
Organizations that objected to Detroit's bankruptcy separately asked the U.S. judge overseeing the case late on Wednesday to allow an appeal of the case to go directly to the U.S. 6th Circuit Court of Appeals.
American Federation of Teachers President Randi Weingarten said the bankruptcy court ruling that Detroit is eligible for bankruptcy protection is morally and legally troubling, and her union will be part of an appeal.
The Public Lighting Authority of Detroit has contracted Corby Energy Service of Belleville, to perform a block by block assessment of street lights as part of a pilot project to get the lights back on in the city.
A Green Bay, Wis.-based beef processing company has submitted the minimum $12.75 million bid for an idled South Dakota plant.
By ULA ILNYTZKY Associated Press A trio of Norman Rockwell paintings that for years resided at a New England museum named for him is being auctioned in New York City.
Russian aluminum baron Oleg Deripaska's company has launched a 100 million-euro lawsuit against Montenegro over the handling of its aluminum smelter in the Balkan country.