Quick Take: Bankruptcy Grounded at Northwest
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Northwest exits bankruptcy on a new deal with its flight attendants.
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Bankrupt Northwest Airlines Corp.  said  on Thursday that holders of general unsecured claims would receive stock valued at between 66 percent to 83 percent of allowed claims when the company exits Chapter 11.
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Shares of Countrywide Financial, the nation's largest mortgage lender, plummeted yesterday on rumors, which the company denied, that it was contemplating a bankruptcy filing. The drop came on yet another bad day for the stock market, which has been off to a terrible start for 2008.
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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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Northwest Airlines (nasdaq: NWAC - news - people ) disclosed an inquiry by the US Securities and Exchange Commission into the airline&#39;s accounting practices for its pension and post-retirement benefit plans.
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Interstate Bakeries Corp., the nation&#39;s largest wholesaler baker and the operator of a large factory in Biddeford, filed for Chapter 11 bankruptcy protection and shook up its top management team Wednesday.
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Gnawed by Northwest. Joining an apparent feeding frenzy, Northwest Airlines (nasdaq: NWAC - news - people ) on Tuesday said it plans to expand in Indianapolis, a move that will knock rival ATA Airlines from its No.
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Delta Air Lines Inc.  could file for Chapter 11 bankruptcy protection as soon as next week, the Washington Post reported in its Saturday edition, citing an unnamed source familiar with the situation.
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The nation's housing industry is in a free fall from the subprime mortgage crisis. The budget of the Department of Housing and Urban Development could be facing big cuts. And the agency is still struggling to respond to a slew of natural disasters, including Hurricane Katrina.
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Financially struggling Interstate Bakeries Corp. early today filed for Chapter 11 bankruptcy reorganization in the US Bankruptcy Court in Kansas City.
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(Sep 23, 2004) -- OGDEN, Utah  -- Interstate Bakeries Corp., which has 300 employees at bakeries in Ogden and Salt Lake City, has filed for bankruptcy protection.
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SPOKANE, Wash.  - The Roman Catholic Diocese of  Spokane said on Thursday it would declare bankruptcy by the end  of November to shield itself from dozens of lawsuits by people  charging priests abused them in the past 40 years.
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The Pacific Northwest was on Saturday recovering from a violent windstorm as about 500,000 remained without power, officials said.
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Missed comps may be short-term noise for the soaring retailer.
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Plus, CarMax hits the skids, Kimberly-Clark's cash plans, and got RFID?
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Northwest Airlines Corp. said yesterday it expects to be worth roughly $7 billion when it emerges from bankruptcy this year, and will pay its unsecured creditors roughly three-quarters of what they are owed.
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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.