Food Buzz Twinkies might be able to survive nuclear fallout but they can't handle a union strike. With parent company Hostess threatening to yank union workers' contracts, the snack mogul won't survive a walkout.
Food Buzz Me and every other person who grew up in the Northeast US during the '90s just died a little inside.
Randall, he of Honey Badger fame, explains in how completely bat crap insane our elected officials in Washington D.C. have become. (via bankruptingamerica.org)
Reality is a bummer. The former Borders employees feel your pain, I'm sure.
Celebrity Buzz Tobey Maguire is being sued in a California court for hundreds of thousands of dollars thanks to his involvement with high stakes gambling. Here now to explain this slightly convoluted case are a bunch of silly Tobey Maguire faces. It's not fair to play poker with Spider-Man. His spider sense will tingle when you're bluffing. (via tmz.com)
http://www.google.com/trends/hottrends?q=jim+gillette&...
The once-giant auto parts supplier Delphi Corporation of Troy has emerged from its four-year long bankruptcy.
http://www.nytimes.com/2009/09/04/business/economy/04well...
Consumers are succumbing to foreclosure and bankruptcy proceedings as they - and frustrated judges - wait for responses on loan modifications.
Culture Buzz The shoes that America loves to hate (aside from Uggs, of course) are magical Crocs — worn and scoffed at by many. Looks like the trend might be ending soon, as the company seems to be diving into bankruptcy. Who's gonna be the one to break it to Mario Batali? Post your favorite Croc fashions here!
http://www.google.com/trends/hottrends?q=davis+polk&d...
Emails have been released showing that the Feds and Davis Polk & Wardwell LLP, who are bankruptcy attorneys, considered letting insurance giant AIG go bankrupt, even after they had received more than $100 billion in government payments.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Trump Entertainment Resorts Inc, the casino operator, has filed for bankruptcy. Donald and Ivanka are both resigning from the board. Luckily for Donald, he still has his hair.
When banks go belly up, their slogans become unintentionally hilarious. This is schadenfreude, right?
Business Buzz After the Chicago Tribune’s Web site accidentally ran a story from six years ago about United declaring bankruptcy, the airline’s stock dropped 99%. Oops. Hate to be that web editor.
Business Buzz Got an ATA flight coming up soon? No, you don’t. The budget airline filed for Chapter 11 and shut down operations, citing rising jet fuel costs and the unexpected cancellation of a large military charter contract. They join Aloha Airlines in the burgeoning bankrupt airline trend. Who will be next?