bankruptcy

A federal bankruptcy judge has decided to give Borders Group another 90 days to review leases for its bookstores. The Ann Arbor-based bookstore change is…

General Motors is expected to formally announce its first ‘full-year profit’ since 2004 on Thursday. It was just two years ago General Motors had to seek…

Update 4:37 p.m.Independent bookstores are waiting to see what kind of impact Borders’ bankruptcy will have on business. Michigan Radio's Jennifer Guerra…

With the impending bankruptcy of Borders Group Inc., we thought we'd give you a quick explanation of the two types of options facing the company.Chapter 7…

Dan Akerson, General Motors' CEO, told the Economic Club of Washington D.C. this morning that his company was humbled by its "near-death experience"…

The city of Hamtramck is ratcheting up the pressure on the state to allow it to file for bankruptcy.Hamtramck’s city attorney has sent a letter to…

The city of Hamtramck says it will run out of money at the end of January, and officials have taken the unprecedented step of asking the state for…