Some companies are in the steel business, some are in the cookie business, but General Motors is in the restructuring business. For 30 years, GM has been restructuring itself toward long-term viability. ...more

April 1, 2009

The historic Greenbrier resort, which has gone from hosting presidents and royalty to posting losses, filed for Chapter 11 bankruptcy protection Thursday and unveiled a plan to sell itself to hotel giant Marriott International Inc. for up to $130 million. ...more

March 20, 2009

Liberty Investing In Satellite Radio Sirius XM Radio staved off a possible bankruptcy filing Tuesday when Liberty Media agreed to invest $530 million in the ailing satellite radio company. ...more

February 18, 2009

Joffrey's Coffee Now At Publix Publix Super Markets has begun stocking six types of coffee from Tampa-based Joffrey's Coffee & Tea Co. in all of its stores. Joffrey's secured a deal to stock two types of traditional coffee and four flavors in more than 900 Publix stores across the South. The company already supplies coffee to Sweetbay Supermarket stores in Florida. The new Publix deal will account for about 20 percent of Joffrey's' business, said company president and Chief Executive Officer Ted Abrams. ...more

February 12, 2009

Melbourne-based Mercedes Homes filed for Chapter 11 bankruptcy protection last week and plans reorganize and stay in business. The builder, which was popular in Tampa Bay subdivisions during the housing boom, listed between 5,001 and 10,000 creditors and said it has assets between $100,001 and $500,000. Fifth Third Bank, which is owed $7.1 million, is listed as the largest creditor, according to the bankruptcy filing. 84 Lumber is owed about $615,000, and Deal Air Electrical Services is owed about $563,000. ...more

February 3, 2009

For the first time since the Great Depression, General Motors cannot call itself the world's largest automaker. Its sales fell behind Toyota in 2008, a year when GM celebrated its 100th anniversary and narrowly avoided a bankruptcy filing amid a significant downturn in the economy. ...more

January 22, 2009

The bad news is Greg Yarmesch is in bankruptcy proceedings. That's also the good news. Yarmesch has used a rough three years financially to propel him into a search for the truth about money. These days, he says, he no longer regards the green stuff as a kind of fear-inspiring god that comes and goes at whim. The secret of having money, he says, is clearing up old belief systems of fear and powerlessness that surround dollars. ...more

January 17, 2009

Ernie Haire Ford caught a break Tuesday when a federal bankruptcy judge ordered several major banks to continue lending to the bankrupt dealership's customers. ...more

January 6, 2009

Seven banks and financial institutions are refusing to make vehicle loans to Ernie Haire Ford customers, which could make it even more difficult for the dealership to emerge from bankruptcy. ...more

January 2, 2009

The company that owns the Los Angeles Times and the Chicago Tribune filed for bankruptcy protection Monday, seeking relief from $13 billion in debt that largely stems from last year's leveraged buyout of the media company. ...more

December 9, 2008