Reverbiage: Stories from NPR tagged 'bankruptcy'

Citigroup Anti-Foreclosure Plan Would Alter Loans

Thu, 08 Jan 2009 15:49:00 EST

Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and said they expected other lenders to follow.

Will Next Year Be Better For Media...

Sat, 27 Dec 2008 17:02:00 EST

It's been a fascinating but worrisome year for journalism. There have been cutbacks just about everywhere. The giant Tribune Company has filed for bankruptcy. Some publications have completely folded. Some have stopped the presses and moved to the Internet.

Amid Slump, Some Set Up New Businesses

Fri, 26 Dec 2008 16:36:00 EST

In 2008, nearly 58,000 businesses filed for bankruptcy. But challenging times also can spur people — including two brothers in Raleigh, N.C., to start businesses. Their business, Dog Diggity Daycare, began after they both found themselves out of work.

Cutting Worker Costs Key To Automakers' Survival

Tue, 23 Dec 2008 12:54:00 EST

For decades, U.S. automakers have been paying more for the same hour of work than foreign manufacturers with plants in the U.S. If General Motors and Chrysler fail to cut those costs, they face bankruptcy, President Bush said in extending $17.4 billion in loans to Detroit.

Freshly Funded, It's Up To Automakers Now

Sat, 20 Dec 2008 10:00:00 EST

Bankruptcy is no longer in the immediate future of General Motors and Chrysler. The White House offered the ailing automakers a $17 billion lifeline in emergency loans. While automakers cheered the development, they're on a short timeline to prove they can survive.

Ford Still Sitting On Cash Cushion

Tue, 16 Dec 2008 13:00:00 EST

While General Motors and Chrysler fear bankruptcy without a bailout, Ford claims it isn't asking for a hand-out, just a hand. But back to 2007, Ford was the one looking at Chapter 11. We examine Ford's solution and how GM and Chrysler might benefit from the company's hard-earned wisdom.

Senate Says No; Automakers Scramble For Cash

Fri, 12 Dec 2008 07:39:00 EST

The Senate's rejection of the auto bailout plan left Detroit's automakers scrounging for a short-term cash infusion Friday to forestall imminent bankruptcy. World stock markets dropped on the news and stock futures pointed to a big sell-off when U.S. markets open.

Where Will You Get Your News In 2012...

Thu, 11 Dec 2008 14:30:00 EST

Major daily newspapers such as the Los Angeles Times and the Chicago Tribune have filed for bankruptcy, and there may be more to come. Those left standing are having a hard time finding a viable business model in today's economy.

Post-Bankruptcy Twinkies Face Uncertain Future

Thu, 11 Dec 2008 00:01:00 EST

Interstate Bakeries, the maker of the iconic snack cake, declared bankruptcy four years ago, but a judge approved a reorganization plan last week. Now it's trying to figure out how to market its product for a more health-conscious generation.

Corporate Lay-Off Announcements Keep Coming

Tue, 09 Dec 2008 10:33:00 EST

Yesterday, the media conglomerate Tribune Company filed for bankruptcy. Then, Anheuser-Busch said it would cut 1,400 jobs. Meanwhile, Congress is getting closer to a $15 billion rescue package for Detroit automakers. Farai Chideya speaks with Marcus Mabry of the New York Times.

Baltimore Opera To File For Bankruptcy Protection

Tue, 09 Dec 2008 06:05:00 EST

The Baltimore Opera is expected to file for Chapter 11 bankruptcy protection Tuesday. The Baltimore Sun reports the remainder of the 2008-2009 season has been canceled, and ticket holders will not receive refunds. Peformers are being released from their contracts.

Debt Forces Tribune Co. To File Bankruptcy

Tue, 09 Dec 2008 06:00:00 EST

Tribune Co. which owns the Los Angeles Times, Chicago Tribune, The Baltimore Sun and other dailies has filed for Chapter 11 bankruptcy. The conglomerate also owns TV stations, the Chicago Cubs and Wrigley Field. It's been crushed by a drop in advertising and $13 billion in debt.

Debt-Laden Tribune Co. Files For Bankruptcy

Mon, 08 Dec 2008 16:23:00 EST

The nation's third-largest newspaper publisher filed for bankruptcy today. The Chicago-based Tribune Co. owns eight metro dailies, including the Los Angeles Times, the Chicago Tribune and The Baltimore Sun.

Tribune Files For Chapter 11 Bankruptcy

Mon, 08 Dec 2008 15:44:00 EST

Owner of the Chicago Tribune and the Los Angeles Times tries to deal with $13 billion in debt. The company has tried to raise money and cut costs by selling off other interests and axing jobs.

How Big Three Automakers Can Win Over Congress

Wed, 03 Dec 2008 16:39:00 EST

The CEOs of the Big Three automakers are headed back to Washington to renew their calls for a bailout. Ohio Sen. Sherrod Brown, a Democrat, offers his insight into what Detroit needs to do to get in the good graces of Congress and stay out of bankruptcy.

The End Of Ethanol...

Mon, 24 Nov 2008 14:59:00 EST

Three years ago, cheap corn, easy financing and disruptions in gasoline production fueled a dramatic expansion of the ethanol industry. Plants popped up like mushrooms across the plains. Since then, financing has largely dried up and many operators have declared bankruptcy.

Is What's Good For Automakers Good For Us...

Sat, 22 Nov 2008 08:00:00 EST

At hearing this week, Congress essentially told U.S. automakers — not so fast. House Speaker Nancy Pelosi and majority leader Harry Reid instructed the automakers to draft a plan of how they would use any financial bailout, before coming back to congress next month. Scott Simon talks to Dave Sedgwick, an editor for Automotive News, and Jim McTevia, a bankruptcy and restructuring expert, about the pros and cons of an auto bailout.

Retirees Watching Anxiously, Will GM Be Saved...

Thu, 20 Nov 2008 06:00:00 EST

Detroit automakers have hundreds of thousands of retirees who are wondering what might happen if their former employers go bankrupt. Auto executives say without $25 billion in loans, they could be forced into bankruptcy. Michigan Radio's Dustin Dwyer talked to a GM retiree about the industry's pleas for financial help.

Auto Bailout Debate Turns to Bankruptcy

Wed, 19 Nov 2008 16:00:00 EST

U.S. automakers seem unlikely to secure $25 billion in emergency loans from Congress. But a new debate has emerged over the possibility of a planned or "pre-packaged" bankruptcy filing.

Should GM Be Left To Go Bankrupt...

Tue, 18 Nov 2008 16:00:00 EST

Former airline executive Michael E. Levine wrote a Wall Street Journal op-ed piece arguing that a federal bailout would be bad for General Motors. Reorganization in federal bankruptcy court is a better solution, Levine says.

With Hat In Hand, Detroit's Big 3 Go To Capitol Hill

Tue, 18 Nov 2008 06:00:00 EST

The chief executives of GM, Ford and Chrysler go before the Senate Banking Committee Tuesday — ahead of this week's vote on a Democratic plan to provide their companies $25 billion in loans. Will Congress act in time before one of the Big Three has to declare bankruptcy?

'Big Three' U.S. Automakers: Bailout Or Bankruptcy...

Mon, 17 Nov 2008 12:42:00 EST

Congress is considering a $25 billion bailout for Detroit's Big Three automakers. GM shares have fallen nearly 90 percent in the last year, and Ford and Chrysler are also struggling. Some Americans say the mismanaged automakers shouldn't get a bailout.

Americans Mixed On Bailout For Automakers

Mon, 17 Nov 2008 06:00:00 EST

Democrats in Congress are pushing this week for a bailout of Detroit's Big Three automakers, but there are signs they may not have enough votes. Some Americans blame the companies for their own problems. Others warn that a bankruptcy would only deepen the current recession.

A Depression-Era Anthem For Our Times

Sat, 15 Nov 2008 06:26:00 EST

"Brother, Can You Spare a Dime?" depicts the way the American Dream can dissolve into bread lines and bankruptcy. Commentator Rob Kapilow and Susan Stamberg reveal the secret to the Depression-era anthem's success — and discuss its resonance today.

Bankruptcy Judges May Help Mortgage Holders

Fri, 14 Nov 2008 06:00:00 EST

Congress is struggling over what to do about the epidemic of home foreclosures. Senators told some of the nation's biggest bankers Thursday, that they should do their part to help homeowners. If they don't, Congress might turn to bankruptcy judges to rewrite the terms of mortgages — as they already do for car loans and even vacation homes.