A123 Systems Inc., the government-backed battery maker that has yet to turn a profit, is set to be the unlikely object of a bidding war when its assets hit the auction block on Thursday. Read the Daily Bankruptcy Review article here.
Trustees for creditors left unpaid after the biggest banking failure in U.S. history say they suspect Goldman Sachs Group Inc. of targeting Washington Mutual Inc. , in a naked short-selling scheme.
The union that brought the 85-year-old baker of Twinkies and Wonder Bread to its knees is holding out hope that a buyer will salvage chunks of the company and send the union’s members back to wor
This week on The Broke and the Beautiful, actor Gary Dourdan is in bankruptcy, and Toni Braxton’s mansion is for sale. Also, prosecutors want Lenny “Nails” Dykstra to serve more time in the prison dugout.
