Bankruptcies News
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Canada lost 43,000 full-time jobs in October. The losses were a surprise and boosted Canada's unemployment rate to 8.6 percent. Part-time work decreased by 60,000 positions in October, with adult women and youth bearing the brunt of the drop.
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While “pundits” argue the point about whether the US is in or heading for a recession, retailers are voting with their bankruptcy suits. Unlike the more glitzy financial stories, this is the baseline economy getting hit, America’s bottom line.
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Bankruptcies Headlines
Japanese chipmaker Elpida files for bankruptcy protection as it struggles to repay debts of 448bn yen.
 A bankruptcy court judge in Delaware has approved the Los Angeles Dodgers' reorganization plan, a move that allows the team to exit bankruptcy.
Lehman Brothers, the US investment bank that collapsed in 2008, exits bankruptcy protection to sell its remaining assets.
 Eastman Kodak, the company that invented photography as we know it, has filed for
Chapter 11 bankruptcy protection as it seeks to boost its cash position and stay in business.
US photography firm Eastman Kodak, the 133-year old company that invented the hand-held camera, files for bankruptcy protection.
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