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Sirius XM On Verge Of Bankruptcy Filing

Posted: 02/13/2009 - Financially strapped Sirius XM Radio Inc. could file for bankruptcy as early as Tuesday if it cannot successfully negotiate with the holders of its debt.

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Circuit City Seeks To Auction, Break Leases

Posted: 02/13/2009 - Circuit City is heading to U.S. Bankruptcy Court to seek approval to auction its remaining properties, including 567 U.S. stores, its corporate headquarters and various distribution centers.

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Starbucks Announces Job Cuts Of More Than 1,300

Posted: 02/11/2009 - Some 1,370 Starbucks employees are getting the word today that their jobs will be cut. The gourmet coffee company is reducing costs by closing stores and firing employees.

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GM To Cut 10,000 Salaried Jobs

Posted: 02/10/2009 - General Motors says it's cutting 10,000 salaried jobs, blaming the need to restructure the company amid the continued drop in new vehicle sales.

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MGP Ingredients Reports 2nd Quarter Loss

Posted: 02/10/2009 - MGP Ingredients Inc. said yesterday it swung to a second-quarter loss as its efforts to streamline operations cut into sales and racked up restructuring charges.

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Time Warner Cable To Lay Off 1,250

Posted: 02/04/2009 - Time Warner Cable Inc. says it is laying off 1,250 people over the next few weeks in the face of slowing growth at the nation's second largest cable operator.

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Exxon Mobil Breaks U.S. Record For Annual Profit

Posted: 01/30/2009 - Exxon Mobil is reporting a profit of $45.2 billion for 2008, breaking its own record for full-year earnings by a U.S. company, but fourth-quarter profits tumbled 33%.

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AOL Cutting 700 Jobs To Reduce Costs

Posted: 01/28/2009 - AOL has unsuccessfully attempted to shift from being an Internet access provider to an advertising-focused company.

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