O'Hare Travel Likely To Be Spared By American Bankruptcy
American Airlines is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt created by high jet fuel prices and labor problems.
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American Airlines is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt created by high jet fuel prices and labor problems.
A federal bankruptcy judge has ordered a public auction of the iconic Moo & Oink grocery store chain, which shut down in September.
A Minnesota investment firm has taken over two northwestern Indiana casinos as the casino company continues going through bankruptcy reorganization.
So far, Chicago native Sharon Bialek is the only one of four women who have accused Republican presidential candidate Herman Cain of sexual harassment to speak out publicly about the allegations. Now, a day after she came forward, we are learning more about her and her reasons for going public.
The Tribune Company bankruptcy case remains unsettled, after a federal judge rejected the latest plans.
Former employees of Moo & Oink meat markets have been fighting to force the chain to pay them pension and health benefits they are still owed from the months before Moo & Oink stores started closing.
Beginning Friday, everything at the remaining Borders bookstores is 40 percent off.
You're underwater, you're upside down, but you're not in foreclosure. You can afford the monthly payment on your home, but it's eating up most of your income. That's the situation for many homeowners and as CBS 2's Dorothy Tucker reports some are choosing to give up their homes.
Not too many years ago, gleaming new Borders bookstores were heralded as catalysts for development in many neighborhoods. But soon, they will all be gone.
With no viable bids to buy the troubled book retailer, Borders seeks court approval to liquidate its surviving 400 stores, bringing an end to a chain that until early this year had several stores in the Chicago area.
Dodgers owner Frank McCourt may have won the first round in a bankruptcy court fight with Major League Baseball, however the two sides are gearing up for what could be a protracted battle for control of one of the most storied teams in baseball.
The Los Angeles Dodgers filed for bankruptcy protection in a Delaware court Monday, blaming the refusal of Major League Baseball to approve a multibillion-dollar TV deal that owner Frank McCourt was counting on to keep the troubled team afloat.
A two-week hearing begins Monday to determine the fate of Tribune Company.
Chicago-based Giordano's Pizza has filed for Chapter 11 bankruptcy protection, but wants to keep the business running during its reorganization.
A retail expert says Chicago's soon-to-close Borders bookstores might open up opportunities for Wal-Mart, according to a published report.
Borders Books filed for Chapter 11 bankruptcy protection today, and will be closing five stores in the city of Chicago and three more in the suburbs.
Illinois Comptroller Judy Baar Topinka says the state should not even think about bankruptcy.
The YMCA of McHenry County has filed for Chapter 11 bankruptcy protection, citing the recession and a decline in membership as the main reasons.
Freshman U.S. Sen. Mark Kirk (R-Ill.) says bankruptcy should be considered as an option for some states – such as Illinois – looking to get out from under crushing debt.
The Catholic Archdiocese of Milwaukee has directed its attorneys to file for Chapter 11 bankruptcy, saying that pending sexual-abuse lawsuits have left it with financial claims that exceed its means.
He made $240K a year before committing suicide. The widow of Metra exec Phil Pagano says he left her broke and more than $1 million in debt.
The judge in Tribune Co.'s bankruptcy is allowing the unsecured creditors committee to file an uncensored version of a lawsuit against key players in the leveraged buyout that saddled the company with debt.
A Delaware bankruptcy judge has approved a multimillion-dollar bonus plan for hundreds of Tribune Co. employees after the company agreed to exclude five top executives.
The Tribune Company is asking a Delaware bankruptcy judge to approve up to $43 million in bonuses for top executives and managers this year.
A group of creditors angling to get more money out of Tribune Co.'s bankruptcy case is alleging that greed and misconduct of the media company's lenders, advisers and own leaders led to its financial downfall.
