Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest bankruptcy court filing ever on Monday and said it was trying to sell off key business units. ...more

September 16, 2008

The bankruptcy filing by Lehman Brothers on Monday and the sale of Merrill Lynch to Bank of America over the weekend rocked Wall Street, so it's no surprise that the ongoing crisis has many average Americans nervous. Before you start pulling money out of your bank account or sell off investments, here are some things to keep in mind: ...more

September 16, 2008

NEW YORK (AP) -- A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials sliding 500 points in their worst point drop since the September 2001 terrorist attacks. Investors reacted badly to a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. ...more

September 15, 2008

United Airlines and its stockholders experienced the potential dangers inherent in a high-tech society Monday when outdated information about a 2002 bankruptcy filing zoomed around the Internet and prompted a run on the company's stock. ...more

September 11, 2008

ST. AUGUSTINE (AP) - First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. ...more

August 31, 2008

First came the health problems. Then, unable to work, Ada Noda watched the bills pile up. And then, suffocating in debt, the 80-year-old did something she never thought she'd be forced to do. ...more

August 28, 2008

Condo owners who are current with their payments can be affected by the mortgage crisis when others hit foreclosure. When neighbors don't pay their bills, the condo association falls short of revenue and, the next thing you know, the grass isn't green but the pool water is. ...more

August 21, 2008

Alabama's largest county appears headed for the biggest municipal bankruptcy in U.S. history, a $3.2 billion mess created by the nation's credit crunch and a colossal, corruption-riddled sewer project. ...more

August 16, 2008

Several Bennigan's restaurants in the Bay area closed suddenly today amid reports of the restaurant chain shutting its doors nationwide. ...more

July 29, 2008

Trump Tower Tampa buyers with $3.6 million in deposits held in escrow might get that money back. And the lawsuit involving Donald Trump and a local developer who failed to build the tower can move forward, a federal bankruptcy judge ruled Friday. ...more

July 19, 2008