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Sbarro, LLC, a pizza chain best known as a staple in shopping mall food courts, filed for Chapter 11 bankruptcy on Monday.
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After his controversial arrival in Detroit, Orr spent his initial weeks scanning the books and consultant reports.
An Illinois mass transit agency has sued American Airlines Group Inc , accusing the world's largest carrier of operating a "sham" fuel sales office in a smaller town to avoid paying higher taxes in Chicago.
As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week.
Two months before Mt. Gox filed for bankruptcy it was sued by a customer seeking the return of funds in a case that highlights some of the red flags raised in the run-up to the collapse of what was once the world's biggest bitcoin exchange.
Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency's significant risks, a brokerage industry watchdog warned on Tuesday.
New York financial authorities said Tuesday that they would soon begin accepting applications for virtual currency exchanges including those dealing in bitcoins, in a sign of regulators' growing interest in the technology.
Known as the launching pad of Twitter and home to Foursquare's coming out party just a few years ago, the annual tech confab also attracts big tech companies that are eager to test out new ideas or simply show that they're still "with it."
A federal bankruptcy judge in Chicago has given power wholesaler Edison Mission Energy the go-ahead to emerge from bankruptcy by selling most of its assets to NRG Energy Inc. for $2.6 billion.
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Cypriot Central Bank governor Panicos Demetriades, whose testy relations with the island's government dogged a tumultuous tenure when Cyprus teetered on the brink of bankruptcy, resigned on Monday.
Valuation expert and NYU professor Aswath Damodaran finally waded into Bitcoin territory in his latest blog post to rule on the cryptocurrency's staying power and pricing.
NEW YORK: The pizza chain Sbarro LLC has filed for bankruptcy protection for the second time in three years after struggling with too much debt and changing consumer tastes that led to fewer customers in the malls that house many of its restaurants.
According to a government statement Monday, President Nicos Anastasiades thanked Panicos Demetriades for helping to prevent the country's bankruptcy and stabilizing the troubled banking sector.
Mt. Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
The Mt. Gox bitcoin exchange that recently collapsed in Japan has filed for U.S. bankruptcy protection to shield itself from a lawsuit seeking to repay thousands of people whose digital currency is now missing.