Newsroom Headlines

  August 29, 2008 Autos Auto Industry Skid Imperils Delphi Bankrupt auto-parts maker Delphi Corp. is sliding deeper into financial trouble, raising doubts about its ability to survive as a stand-alone

  August 28, 2008 Total U.S. Bankruptcies in First Half of 2008 Up 29 Percent from a Year Ago The total number of U.S. bankruptcies filed during the first six months of 2008 increased 29.2 percent

  August 27, 2008 Alabama County Prepares for Bankruptcy Jefferson County, Ala., officials told their lawyers to prepare a bankruptcy filing if the county can't reach an agreement with creditors over

  August 26, 2008 FBI Official Warned of Widening Mortgage Loan Fraud in 2004 A top FBI official in 2004 made a prediction that the booming mortgage business, fueled by low interest rates and soaring

  August 25, 2008 Seventh Circuit Rules on Personal Liability of Bankruptcy Trustee The U.S. Appeals Court for the Seventh Circuit recently issued a ruling to help clarify its recent comments on a

  August 22, 2008 Merrill, Goldman, Deutsche Settle Auction-Rate Probes New York Attorney General Andrew Cuomo announced yesterday that Merrill Lynch & Co., Goldman Sachs Group Inc. and Deutsche Bank

  August 21, 2008 FDIC Establishes Plan for IndyMac Mortgages Thousands of troubled home borrowers with loans from IndyMac Federal Bank will be able to switch to fixed-rate mortgages under a new plan

  August 20, 2008 American Home Mortgage to Pay Fraction of Bankruptcy Claims American Home Mortgage Investment Corp., which was among the largest U.S. home loan providers before seeking bankruptcy

  August 19, 2008 Delphi to Cut Nearly 600 Jobs Delphi Corp. said yesterday that its electronics and safety division will lay off about 600 of its 3,200 U.S. salaried workers, blaming a steep drop in

  August 18, 2008 Judge Spurns Countrywide Deal with Pennsylvania Trustee Days after the U.S. Trustee's office lodged a protest, Bankruptcy Judge Thomas Agresti on Thursday rejected a proposed deal