There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry. Detroit now stands as the largest American city ever to file for bankruptcy protection.
There's been a lot of media coverage about Revel and their upcoming pre-packaged Chapter 11 Bankruptcy filing. Most of the coverage has been hyper negative.
Eastman Kodak Co. is asking a bankruptcy court judge to allow it to end retiree medical and other benefits at the end of the year as part of its restructuring.
Shares of Eastman Kodak Co. tumbled to a new all-time low following a report that the ailing photography pioneer might be preparing to file for bankruptcy protection.