Rest easy, Twinkie lovers: Hostess Brands, the storied American manufacturer of snack cakes, filed for Chapter 11 bankruptcy Wednesday, but said it will continue to churn out Ho Hos, Ding Dongs and other iconic products.
A federal district court judge in New York has delivered some more bad news to thousands of investors who lost money to Ponzi schemer Bernard Madoff.
Money was found missing from the books of MF Global, a discrepancy that cost the brokerage a potential deal with Interactive Brokers and forced it into bankruptcy, according to government agencies.
The federal bankruptcy court judge presiding over the Bernard Madoff case has revealed the JPMorgan Chase employees who allegedly suspected they were doing business with a Ponzi schemer.
Bankrupt home video chain Blockbuster put itself up for sale Monday, saying it has received an offer of $290 million dollars for the business.
JPMorgan Chase accused the court-appointed trustee in the Bernard Madoff Ponzi case of overstepping his bounds with his $6 billion lawsuit against the financial services company.
Madoff victims might finally get their hands on their stolen billions.
The widow of Mark Madoff said she is devastated by the death of her husband, who took his own life two years to the day after his father was arrested in the largest Ponzi scheme in U.S. history.
Convicted Ponzi-schemer Bernard Madoff will not attend the funeral of his son, Mark, out of consideration for his daughter-in-law and grandchildren, attorney Ira Sorkin said.
Convicted Ponzi-schemer Bernard Madoff will not attend the funeral of his son, Mark, out of consideration for his daughter-in-law and grandchildren, attorney Ira Sorkin said.
Nearly two years since the arrest of Ponzi schemer Bernard Madoff, hundreds of his victims are in for another nasty blow.
The court-appointed trustee trying to recover money stolen by Bernard Madoff has sued the Ponzi con's relatives and former employees in a bid for $69 million.
The court-appointed trustee for the liquidation of Bernard Madoff's estate is suing JPMorgan Chase for $6.4 billion for allegedly aiding the most massive Ponzi scheme in history.
Blockbuster filed for bankruptcy Thursday in its latest attempt to overcome nearly $1 billion in debt.
Lehman Brothers' bankruptcy estate filed suit against JPMorgan Chase Wednesday, alleging that the bank demanded billions of dollars more than it needed in the firm's final days contributing to Lehman's ultimate demise.
Baseball great Nolan Ryan and a group of investors announced plans Monday to buy the Texas Rangers in a bankruptcy deal valued at $575 million.
Buyers lusting after one of the most lucrative domain names in the world, sex.com, will have to wait for their chance to bid on the coveted Internet property.
The battered financial services firm Lehman Brothers Holdings has submitted a proposal with the U.S. Bankruptcy Court in New York to resolve the biggest Chapter 11 filing in Wall Street history.
A couple who allegedly crashed this week's state dinner at the White House met President Obama in a reception line at the event, a White House official told CNN on Friday.
The Pennsylvania swim club accused of discriminating against minority children over the summer has filed for bankruptcy, according to the U.S. Bankruptcy Court for the Eastern District of Pennsylvania.
A U.S. bankruptcy judge Thursday ordered Peanut Corporation of America's insurance carrier to set aside $12 million to reimburse people for health complications that resulted from eating tainted peanut products.
The court-appointed trustee in the Bernard Madoff case plans to sue four more of his family members for nearly $200 million this week, according to a broadcast report.
PHOENIX (AP) -- If the NHL is successful in buying the Phoenix Coyotes in U.S. Bankruptcy Court, the league plans to quickly engage in talks over a new lease agreement with the city of Glendale.
Ruth Madoff, wife of imprisoned Ponzi schemer Bernard Madoff, was sued Wednesday by a court-appointed trustee seeking $45 million in funds to compensate victims.
Delphi Corp., a bankrupt auto parts supplier spun off by General Motors in 1999, has announced that a group of lenders has successfully bid to take control of the company.
From the cries of protest emanating from Washington this week, you would think that General Motors and Chrysler were guilty of clubbing baby seals. Or perhaps drowning kittens.
Jerry Reinsdorf and his partners won't be subjected to questioning by attorneys for team owner Jerry Moyes as they work to put together a bid to buy the Phoenix Coyotes in U.S. Bankruptcy Court.
A leaner General Motors was close to starting a new life under government ownership Friday.
CNNMoney: Stocks ready to surgeupdated: Mon Jun 01 2009 08:37:00
U.S. stocks were poised to soar at the start of trading Monday after General Motors filed for bankruptcy and a bankruptcy court judge ruled in favor of Chrysler's asset sale.
General Motors' stock price plunged below $1 a share Friday, reaching its lowest level since the Great Depression, as investors anticipated a bankruptcy filing by the beleaguered automaker.
Lawyers representing Chrysler LLC said on Friday that a speedy bankruptcy process is essential to the survival of the company.
Investors allegedly swindled in the largest Ponzi scheme in history reacted furiously when they learned Friday that Bernard Madoff didn't put any of their money into securities for at least 13 years.
The peanut processing company at the heart of a national salmonella outbreak, Peanut Corp. of America, filed for Chapter 7 bankruptcy liquidation in court Friday in Lynchburg, Virginia.
The company at the center of a deadly salmonella outbreak is filing for bankruptcy. CNN's Louise Schiavone reports.
The peanut processing company at the heart of a national salmonella outbreak, Peanut Corp. of America, filed Friday for Chapter 7 bankruptcy liquidation in court in Lynchburg, Va.
Bankrupt electronics retailer Circuit City Inc. said Friday it will close its remaining 567 U.S. stores and sell all its merchandise.
CNNMoney: The meltdownupdated: Sun Sep 21 2008 15:41:00
Wall Street was a vastly different world Monday from what it looked like just days earlier, following one of the most harrowing days in the history of U.S. financial industry.
A federal judge denied Thursday Bear Stearns Cos. bankruptcy protection for two failed hedge funds it managed, but granted the investment bank 30 days to refile before investors can seize assets.
Sentinel Management Group Inc., the cash management firm that filed for Chapter 11 protection last week and was subsequently hit with civil fraud charges by U.S. regulators, has asked the judge overseeing its bankruptcy to appoint an independent trustee.
The United Steelworkers union said Friday it had reached a tentative contract with bankrupt U.S. auto-parts maker Delphi Corp. that covers about 900 workers at two Ohio plants.
American Home Mortgage Investment Corp., a large home lender catering to people considered good credit risks, completed its rapid descent Monday when it filed for Chapter 11 bankruptcy protection.
Bally Total Fitness Holding Corp, one of the largest U.S. health club operators, has filed for bankruptcy protection, after struggling in recent years with membership declines and too much debt.
Delphi Corp. said Friday it has reached a tentative deal with the United Auto Workers union and former parent General Motors Corp. needed to complete the bankrupt auto-parts maker's reorganization.
Trying to fend off a hostile bid from US Airways Group, Delta Air Lines is close to presenting a reorganization plan to the bankruptcy court that will estimate its value as an independent company at between $10 billion to $12 billion, according to a published report.
Flight attendants at Northwest Airlines won the right from a bankruptcy court judge to go on strike on Aug. 25 at the nation's No. 5 airline.
Delta Air Lines CEO Gerald Grinstein stood before 1,700 retirees -- men and women whose benefits and pensions will be slashed in Chapter 11 proceedings -- and swore he shared their pain.
Fortune: How to fix Detroitupdated: Mon Oct 31 2005 00:01:00
Controversial Delphi CEO Robert "Steve" Miller, 63, recently took the auto-parts maker into bankruptcy. A onetime Chrysler labor negotiator, he's presided over several companies in Chapter 11, such...
Chapter 11* Bookstores learned there's a lot to a name this weekend.
Supreme Courtupdated: Thu Aug 11 2005 15:08:00
Use this explainer to help students understand the role of the judicial branch of the U.S. government and the U.S. Supreme Court, topics relevant to current news.
This may not be something that's come up yet on "The Apprentice," but it appears Donald Trump is in the process of bidding for property he already owns.
Commencement last week of a trial in U.S. Bankruptcy Court in Chicago on whether to void the current labor contracts of two unions representing workers at UAL Corp.'s (UALAQ) United Airlines appeared to have jump-started parallel negotiations between the airline and its mechanics, ramp workers and customer-service agents.
US Airways Group filed for bankruptcy protection Sunday for the second time in two years.
Frank's Nursery & Crafts, Inc. announced Wednesday that it filed for Chapter 11 bankruptcy protection, due to a steady decline in customers, unfavorable weather and general economic weakness.
After running smoothly for 15 months, the bankruptcy proceedings of United Airlines parent UAL Corp. (UALAQ) have encountered turbulence that is setting back the company's schedule for emerging from court protection by June 30, people familiar with the matter told The Wall Street Journal.
Again and again, MONEY has warned about the dangers of buying out-of-state property (see MONEY, August 1990). The latest object lesson is unfolding in Florida now. It's a whopper, possibly the bigg...
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|