| Feb 2, 2014
| 5:00 AM
When asked how he went bankrupt, a character in Ernest Hemingway's novel "The Sun Also Rises" replies: "Two ways. Gradually and then suddenly."
This neat summation of how business failure creeps up on victims is quoted in "Big Bang Disruption:...
| Jan 30, 2014
| 1:16 PM
Nearly half of California households are in chronic financial stress and have little to no savings for emergencies, according to a report Thursday.
The study by the Corporation for Enterprise Development paints a generally dreary picture of the...
| Jan 31, 2014
| 3:39 PM
HELENA, Mont. — The Roman Catholic Diocese of Helena filed for bankruptcy protection Friday as part of a proposed $15-million settlement for hundreds of victims who say clergy members sexually abused them over decades while the church covered it up....
| Feb 3, 2014
| 2:37 PM
HDOS Enterprises, owner of the employee-owned Hot Dog on a Stick snack shacks ubiquitous in malls, filed for bankruptcy protection Monday, citing expensive lease costs among the factors.
In its Chapter 11 filing, Hot Dog on a Stick said its total debt...
| Feb 4, 2014
| 5:30 PM
CLOVIS, CALIF. — Beneath unyielding blue skies on a recent afternoon, Ryan Indart knelt down to examine what was left of one of his sheep pastures.
Land that should have been lush with native grasses this time of year has been reduced to powdery...
| Feb 5, 2014
| 12:06 PM
FBI agents arrested the owners of a now-closed Southern California real estate investment firm for allegedly using the business to run a Ponzi scheme in which victims lost more than $110 million.
John Packard, 63, of Long Beach and Michael Stewart, 66,...
| Feb 5, 2014
| 1:02 PM
Voters in San Bernardino elected a political newcomer and certified public accountant as mayor of the bankrupt city.
Carey Davis was chosen Tuesday to take the helm at a particularly rough moment for San Bernardino, leaving him to wrestle with crime...
| Feb 5, 2014
| 5:16 PM
FBI agents arrested the owners of a now-closed Southern California real estate investment firm on an indictment accusing them of using the business to run a Ponzi scheme that cost victims more than $110 million.
John Packard, 63, of Long Beach and...
| Jan 22, 2014
| 7:27 PM
Michigan Gov. Rick Snyder is recommending that the state Legislature approve up to $350 million to help fund pensions in Detroit, though he repeatedly emphasized that the funds would come with some strings attached, including that labor unions would...
| Jan 23, 2014
| 11:09 AM
Vince Young made $34 million in his six years as an NFL quarterback.
Last week, the 30-year-old Young filed for Chapter 11 bankruptcy protection.
“[Young] invested in private, illiquid investments, and he overspent,” said Ed Butowsky, a...
| Jan 14, 2014
| 4:54 PM
The Phelps advertising agency has hired veteran marketing executive Mike Jackson as president.
Jackson, a former top General Motors advertising executive, most recently ran his own consulting firm in Detroit. But Jackson closed that office late last...