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Insight: Hometown weary but defiant as Kodak's problems worsen (NEWS.GNOM.ES)
There are also no signs of the traffic jams that old-timers said were once prevalent. “There's really not that much of Kodak left,” said Tuni Graham, 57, who spent 10 years in Kodak's film division and now works as a bartender at the California Brew
Updated: 10/04/2011 06:55P
Ex-Marshall coach withdraws $5.5M settlement proposal
Donnan's attorney, Ed Tolley, announced the move after US Bankruptcy Judge James Smith said he was unlikely to approve the $5.5 million settlement with West Virginia-based liquidation company GLC Ltd. The judge said he was concerned the deal gave short
Updated: 10/04/2011 06:54P
Junking the Junk Mail Office
This is a moment when bankruptcy can be a blessing. The rapid growth of email, online bill paying and the like has reduced the volume of first class mail by 22% since 2006, cutting into the government's monopoly. An inexorable decline is underway.
Updated: 10/04/2011 06:50P
Insight: Hometown weary but defiant as Kodak's problems worsen
ROCHESTER, NY (Reuters) - With investors placing bets on whether Eastman Kodak will file for bankruptcy, there is not so much a sense of crisis as a feeling of resignation and fatigue among the residents in its hometown.
Updated: 10/04/2011 06:49P
American Airlines faces turbulent ride
AP Airlines Writer American Airlines' CEO is proud that his company, unlike its biggest rivals, avoided the bankruptcy process to remake itself. Investors aren't so sure. As the economic outlook darkens, the airline industry is
Updated: 10/04/2011 06:49P
Parent of El Torito, Chevy Fresh Mex files for bankruptcy
NEW YORK – Real Mex, operator of Mexican restaurants including El Torito, Chevys Fresh Mex and Acapulco Mexican Restaurant y Cantina, filed for Chapter 11 bankruptcy protection Tuesday and plans to seek a buyer for the company.
Updated: 10/04/2011 06:48P
Hooters bares its knuckles in court
LAS VEGAS, Oct. 4 (UPI) -- Hooters Las Vegas said in a bankruptcy court filing its major creditor was attempting to cut out smaller creditors in a courtroom showdown. The major creditor, Canpartners Realty Holding Co. IV LLC, has filed papers to force
Updated: 10/04/2011 06:47P
Greek strike to cause public sector chaos
ATHENS - Airliners will be grounded, trains halted and tax offices shut when Greek state workers strike against austerity measures on Wednesday, defying a plea by the government to rally behind its effort to fend off national bankruptcy.
Updated: 10/04/2011 06:45P
AMR shares rebound amid reports the carrier's unlikely to file for bankruptcy
After losing a third of its value on Monday, shares of AMR Corp. rebounded on Tuesday after reports from analysts and its pilots union that the Fort Worth-based carrier is unlikely to file for bankruptcy soon.
Updated: 10/04/2011 06:43P
Shaky American 'keenly focused' on improving financial performance
The share decline increased speculation about AMR's financial health, including renewed talk among media and analysts of a potential Chapter 11 bankruptcy filing. The company downplayed those suggestions. "While we generally don't comment on AMR's
Updated: 10/04/2011 06:38P