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St. Louis-based Furniture Brands International, Inc. may face bankruptcy, according to some analysts. The company has faced losses every year since 2007 and was especially hard hit by the housing market collapse in 2008. Because home furnishings are so closely tied with the housing market, if the housing market is down it depresses demand for […]
A high-profile corporate bankruptcy has worked its way into the issues being raised by the GOP in the upcoming election. On October 16th, battery maker A123 systems filed for Chapter 11 bankruptcy after amassing $144 million in debt and missing a $2.7 million interest payment earlier this month. A123 Systems, Inc. was founded in 2001, […]