| Jan 8, 2014
| 5:33 PM
Only a month after emerging from bankruptcy, American Airlines faces a claim from the city of Los Angeles for $21.5 million in fees charged to operate out of Los Angeles International Airport.
The city asked a U.S. Bankruptcy Court judge in New York for...
| Jan 10, 2014
| 4:55 PM
SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems.
But in this hilly town of 76,000 in northeastern Pennsylvania,...
| Nov 6, 2013
| 6:09 AM
STOCKTON -- If a measure to increase the sales tax didn’t pass, there would be few options for this crime-plagued and bankrupt city, municipal officials said.
But on Tuesday, Stockton voters agreed to an increase of 3/4 of a cent -- raising...
| Jan 14, 2014
| 7:37 AM
In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...
| Dec 17, 2013
| 10:45 AM
Loehmann’s, the Bronx-based discount retailer that has been around for nearly a century, has filed for the third time for bankruptcy protection and plans to shut down its business.
In a Chapter 11 filing in federal Bankruptcy Court in Manhattan,...
| Dec 22, 2013
| 9:45 PM
Less than a year after state auditors warned that Bell faced possible insolvency, the city has seen a significant infusion of cash from settlements with firms it blamed for not preventing the corruption scandal that engulfed the town.
| Dec 27, 2013
| 6:00 AM
One summer Saturday in the Bay Area city of Richmond, nitric acid leaked from a tank at a metal plating company, forming a toxic cloud that floated over a neighborhood of small houses and stucco apartments.
"People were coughing. They were gasping for...
| Dec 29, 2013
The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
| Nov 6, 2013
| 9:12 AM
Residents of Stockton approved a sales-tax increase that officials say will help the city emerge from bankruptcy.
The city of about 300,000 filed for Chapter 9 protection in July 2012, at the time the largest U.S. city to do so. Stockton was later...
| Oct 23, 2013
| 2:40 PM
Detroit went into federal bankruptcy court on Monday hoping to prove what most people already know: It is poor and $18 billion in debt, its residents aren’t getting adequate municipal services and there is no real way to rebound without some sort of...
| Nov 9, 2013
| 7:10 PM
DETROIT — Sheilah Johnson was a building inspector for the city for 28 years, a college graduate who passed up jobs that paid more because a city job offered stability and the promise of a good pension.
But the city's recent plunge into bankruptcy...