A private Connecticut-based broadcasting school with campuses in more than a dozen states abruptly shut down this week and said Thursday it will seek bankruptcy protection. ...more

March 5, 2009

Cell phone sales are falling, manufacturers have announced thousands of layoffs, and wireless carriers are finding it harder to acquire and keep customers. ...more

February 7, 2009

Macy's announced Monday it will cut 7,000 jobs, almost 4 percent of its work force, reduce its contributions to its employees' retirement funds and slash its dividend to preserve cash amid a severe pullback in consumer spending. ...more

February 3, 2009

Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis. ...more

September 30, 2008

Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. ...more

July 23, 2008

Fifth Third Bancorp., trying to shore up its capital base amid rising loan losses, said Wednesday it will slash its dividend by nearly two-thirds and try to raise $2 billion with a stock offering and the sale of some noncore businesses. ...more

June 19, 2008

Media General, the parent company of The Tampa Tribune, TBO .com and WFLA, Channel 8, said Thursday that 2007 fourth-quarter profit dropped 70 percent, hurt by write-downs, one less week in the quarter and less political revenue. ...more

February 1, 2008

MBIA Inc. plans to book more than $4 billion in losses, slash its dividend and sell $1 billion in bonds as part of a strategy unveiled Wednesday to shelter the bond insurer's crucial financial strength rating. ...more

January 10, 2008

Washington Mutual, the nation's largest savings and loan, said Monday that problems in the mortgage and credit markets are forcing it to close offices, lay off more than 3,000 workers and set aside up to $1.6 billion for loan losses in its fourth quarter. ...more

December 11, 2007

Beazer Homes USA will continue offering discounts to move inventory in a sluggish housing market, but financial and internal troubles aren't forcing the company into a fire sale, a senior executive said Tuesday. ...more

December 5, 2007