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GM Passing Up Company Suite At Final Four

Posted: 02/27/2009 - General Motors says it will not be using its company suites during the NCAA Final Four basketball event at Detroit's Ford Field this year.

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Office Depot Posts $1.54 Billion Loss

Posted: 02/24/2009 - Office Depot says it lost $1.54 billion in the fourth quarter, as hefty charges and sharply lower sales in North America and abroad weighed on the office supply chain.

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GM Plan Calls For $30 Billion, 47,000 Job Cuts

Updated: 02/17/2009 - General Motors Corp.'s restructuring proposal says the company may need up to $30 billion in government loans as it implements a survival plan that includes cutting 47,000 jobs and closing five more U.S. factories.

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Liberty Media To Invest In Sirius XM Radio

Posted: 02/17/2009 - Liberty Media Corp. will invest $530 million in financially struggling satellite radio company Sirius XM Radio Inc., the companies said Tuesday.

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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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