New Century seen filing bankruptcy
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New Century Financial Corp.  shares plunged further on Friday after analysts said they expect the subprime lender to seek bankruptcy protection soon.
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Northwest Airlines  is set to exit bankruptcy on Thursday, marking the end of a 20-month spell in Chapter 11 for the No. 5 U.S. carrier, and the first time in almost five years that a major U.S. airline has not been in bankruptcy.
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Airline warns it may file for bankruptcy if too many senior pilots take early retirement option. Delta Air LInes&#39; CEO says it faces bankruptcy if it can&#39;t slow the pace of pilots taking early retirement.
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ORLANDO, Fla., Feb. 8, 2007 (PRIME NEWSWIRE) -- Century Group (Pink Sheets:CEYG) has decided to refocus its objectives on providing non-traditional revenue sources for broadcast media in order to increase its value to its shareholders.
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Delta Air Lines Inc. revised its annual report yesterday to reflect its growing financial difficulties and the possibility of seeking bankruptcy protection &quot;in the near term.&quot;
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Troubled retailers Sharper Image Corp. and Lillian Vernon Corp. have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.
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Blog: Failure to file quarterly earnings reports while the company investigates potential refile over accounting errors has resulted in a repeat notice of possible Nasdaq delisting.
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Donald Trump's casino operations  filed for bankruptcy on Sunday in a long-expected move that  would allow the real estate maverick to restructure the  company's debt and overhaul its aging casinos.
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By Mike Musgrove, Washington Post Staff Writer  Last month, venture capitalist Fred Wilson drew a lot of attention on the Internet when he declared a 21st century kind of bankruptcy.
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New Century Financial fired its chief executive and an executive vice president and named its chief restructuring officer to the post of chief executive.
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Delta Air Lines&#39; plan to restructure some of its debt outside of bankruptcy has raised concerns among credit analysts who believe the move could be tantamount to defaulting on the money the struggling carrier owes.
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New Century Financial Corp. , the largest independent U.S. subprime mortgage lender, said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy amid dwindling cash and $8.4 billion in obligations that could come due immediately.
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Acclaim, one of the oldest video game manufacturers, files for bankruptcy.
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The company listed assets and debts of more than $100 million each in its bankruptcy petition, which was filed Friday in Delaware.
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New Century Financial Corp., the largest independent U.S. subprime mortgage lender, said on Monday its lenders plan to halt financing, pushing the company closer to bankruptcy amid dwindling cash and $8.4 billion in obligations that could come due immediately.
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The story headlined "UPDATE 1-Levi Strauss & Co says could face bankruptcy" is withdrawn. The story was based on language included in a filing the company made with the U.S. Securities and Exchange Commission. Such language on risk factors is standard in most references to indebtedness in regulatory filings by companies.
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WR Grace &amp; Co. (GRA.N: Quote, Profile, Research) on Friday said it may be close to a deal with its biggest creditors on a plan to emerge from bankruptcy, driving