Eastman Kodak, a once-powerful American brand now struggling to stay relevant in an increasingly digital world, filed for Chapter 11 bankruptcy Thursday. Hari Sreenivasan discusses the film pioneer's news with Julie Philipp, news director of WXXI Public Television in Rochester,…
After 81 years of flying, American Airlines landed in federal bankruptcy court Tuesday, filing for Chapter 11 protections against its creditors. Judy Woodruff discusses what's behind the bankruptcy with Ben Mutzabaugh of USA Today.
The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat.
A New York judge has approved General Motors Corp.'s bankruptcy sale in a move that will allow the company's most-profitable assets to quickly emerge from bankruptcy protection under government ownership.
By PBS NewsHour
By PBS NewsHour
General Motors acknowledged Thursday that its survival is in "substantial doubt" outside of bankruptcy unless it halts losses and stops burning cash, according to auditors.
President Bush has unveiled a $17 billion automaker rescue plan that will force the companies to restructure in order to remain competitive. A White House economist and a congressman debate the package.
In an excerpt from a Frontline report, Hedrick Smith examines the problems that maintaining traditional pensions is having on middle-class Americans.
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