In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are al…
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
…
Blockbuster’s long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional stor…