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Buffett backs BofA, buying more stocks
As he has all year long, he said such investments were a bet on the economic strength of the United States. "It's very, very unlikely we'll go back into a recession," Buffett said. That confidence was part of his reasoning for the deal with Bank of
Updated: 09/30/2011 03:13P
Friendly's Explores Bankruptcy While High-Fiving
After years of declining sales, the East Coast restaurant and ice cream chain is set to file for Chapter 11 bankruptcy as early as next week, The Wall Street Journal reports. The move comes less than a month after the chain launched its "high-five"
Updated: 09/30/2011 03:13P
Eastman Kodak (EK) Shares Plunge Amid Bankruptcy Rumors
WSJ reporting Eastman Kodak (NYSE: EK) has hired advisers at Jones Day in order to consider a number of restructuring initiatives including bankruptcy. The stock is getting absolutely smashed Friday afternoon and has now been halted by a circuit
Updated: 09/30/2011 03:13P
Kodak weighing a bankruptcy filing: report
The Journal quoted a Kodak spokesman as saying that the company had no intention of filing for bankruptcy. But a Bloomberg report citing three people with knowledge of the process said Kodak was weighing bankruptcy. But both the Journal and Bloomberg
Updated: 09/30/2011 03:13P
Kodak in Free Fall: Stock Plunges 60%
The Journal quoted a Kodak spokesman as saying that the company had no intention of filing for bankruptcy. But a Bloomberg report citing three people with knowledge of the process said Kodak was weighing bankruptcy. But both the Journal and Bloomberg
Updated: 09/30/2011 03:11P
Struggling Kodak Is Considering Bankruptcy
Kodak is considering bankruptcy, reports Bloomberg. The Wall Street Journal adds that the film company has brought on Jones Day for restructuring advice, a firm that's hired law firm Jones Day for restructuring advice. "The move to hire restructuring
Updated: 09/30/2011 03:09P
Kodak Shares Plunge Again: Is Bankruptcy Close?
Unconfirmed reports said it had hired Jones Day and Kirkand Ellis, two major law firms, for advice. In late trading, Kodak shares were at only 68 cents, giving the Rochester, NY-based company a market capitalization of only $186 million.
Updated: 09/30/2011 03:09P
US Dollar Has Best Rally Against Asian Currencies in 14 Years
Some memorable highlights include Lehman Brother's bankruptcy, the recognition of the collapsing housing bubble -- and, in September 2008, the sharp drop in the value of Asian currencies against the US dollar. That last part -- the Asian currency
Updated: 09/30/2011 03:05P
Bankruptcy filing doesn't take away right to receive Social Security payments
"Generally, Social Security benefits are exempt from execution, levy, attachment, garnishment or other legal process, or from the operation of any bankruptcy or insolvency law," according to the Social Security Administration. In short, Social Security
Updated: 09/30/2011 03:05P
Friendly's To Declare Bankruptcy: Report
Law360, New York (September 30, 2011, 3:02 PM ET) -- Casual restaurant chain Friendly's is reportedly gearing up to declare Chapter 11 bankruptcy and could file documents as early as Monday, the Wall Street Journal reported Friday
Updated: 09/30/2011 03:05P
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