Revenues fell approximately $1.8 billion, to $6.2 billion, for the quarter ended August 1.
American Apparel doesn't have enough cash on hand to make its next debt payment, $13.9 million due on Oct. 15.
The commonwealth's problem is deficits not its debt load, say former IMF economists.
The Taxpayer Protection and Responsible Resolution Act creates a Chapter 14 for banks and replaces Dodd-Frank's orderly liquidation authority.
Lawsuits accuse the oil rig repair firm of labor trafficking practices involving citizens of India.
The lawsuit accused Jon Corzine and other executives, including two former CFOs, of inflating the brokerage's ability to manage risk.
On the fourth try, U.S. systemically important financial institutions aimed to be more realistic about how they would approach a bankruptcy.
The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months.
Gov. Padilla asks for changes to the code's Chapter 9, which offers distressed municipalities, but not states or territories, protection from…
Molycorp, once a Wall Street star with a $4 billion market cap, ran out of cash after the rare earth bubble burst.