Circuit City Stores Inc. has received court approval to sell off its Canadian operations as word came that the company faces a class-action lawsuit by lawyers claiming some laid-off employees were not paid federally mandated WARN Act payments. ...more

March 27, 2009

A historic land deal aimed at helping restore the dying Everglades, and lauded by Gov. Charlie Crist as "monumental as the creation of our nation's first national park," may end up dead in the water. ...more

February 24, 2009

The lackluster holiday season and deepening recession will take a toll on retailers across the country. Experts are predicting the worst rash of store closings in 35 years. Already, Circuit City is operating under bankruptcy protection. KB Toys, Linens 'n Things and Mervyns announced last year they're going out of business. ...more

January 4, 2009

Bankrupt developer TOUSA has won court approval for a restructuring plan that allows the company to keep paying its employees, selling houses and honoring home warranties. ...more

February 9, 2008

Bankrupt developer TOUSA has won court approval for a restructuring plan that allows the company to keep paying its employees, selling houses and honoring home warranties. TOUSA, the parent company of Engle Homes, filed for Chapter 11 bankruptcy protection Jan. 29. It reported assets of $2.28 billion and debts of about $1.77 billion. The new agreement allows the company to borrow $135 million from Citigroup Global Markets Inc. to pay normal operating expenses. The terms of the agreement allow TOUSA and its subsidiaries to continue building homes, pay off liens and sell the houses free and clear. Home warranties also will be honored. TOUSA subsidiary Engle Homes is the primary developer of Live Oak Preserve, The Hammocks and Tampa Bay Golf & Country Club. ...more

February 7, 2008

President Bush's nominee for attorney general, Michael Mukasey, declined Thursday to say whether he considered harsh interrogation techniques such as waterboarding, which simulates drowning, to constitute torture or to be illegal if used on terrorism suspects. ...more

October 19, 2007