| Jan 23, 2014
| 11:09 AM
Vince Young made $34 million in his six years as an NFL quarterback.
Last week, the 30-year-old Young filed for Chapter 11 bankruptcy protection.
“[Young] invested in private, illiquid investments, and he overspent,” said Ed Butowsky, a...
| Dec 23, 2013
| 3:57 PM
Columbia-based W.R. Grace & Co. cleared the last major hurdle Monday to its exit from nearly 13 years of bankruptcy protection, settling the final remaining appeal to its reorganization plan.
The chemical maker said in a U.S. Securities and Exchange...
| Dec 27, 2013
| 6:00 AM
One summer Saturday in the Bay Area city of Richmond, nitric acid leaked from a tank at a metal plating company, forming a toxic cloud that floated over a neighborhood of small houses and stucco apartments.
"People were coughing. They were gasping for...
| Dec 29, 2013
The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
| Jan 2, 2014
| 9:11 AM
Italian automaker Fiat plans to take full control of Chrysler Group by buying out the shares held by a United Auto Workers union-controlled trust fund.
The union and Fiat reached a deal on New Year’s Day for the automaker to acquire the 41.5% of...
| Jan 8, 2014
| 10:00 AM
Del. Dan Morhaim's recent commentary regarding the drug shortage ("Medication crisis," Jan. 5) was interesting and I'm glad this issue is getting more discussion in the lay press. It's been a thorny problem for the institutional pharmacy profession for...
| Jan 8, 2014
| 5:33 PM
Only a month after emerging from bankruptcy, American Airlines faces a claim from the city of Los Angeles for $21.5 million in fees charged to operate out of Los Angeles International Airport.
The city asked a U.S. Bankruptcy Court judge in New York for...
| Jan 10, 2014
| 4:55 PM
SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems.
But in this hilly town of 76,000 in northeastern Pennsylvania,...
| Jan 12, 2014
| 9:43 AM
Facing multimillion-dollar losses, the CredAbility credit-counseling agency pared its Orlando staff and laid off its top local executive last fall as part of a companywide downsizing. In early January, Atlanta-based CredAbility was absorbed in a merger...
| Jan 13, 2014
| 11:48 AM
Giordano's has opened a new restaurant in the South Loop, the deep dish pizza chain's first new location since emerging from bankruptcy in 2011.
The restaurant, located on the ground floor of a residential building being renovated at 1340 S. Michigan...
| Jan 14, 2014
| 7:37 AM
In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...