bankruptcy

American Airlines is looking to cut 13,00 jobs as part of a restructuring. The company — which is in bankruptcy — also wants to reduce salaries by 20 percent and end its pension plan.

» E-Mail This     » Add to Del.icio.us

Thousands of people in Greece's capital took to the streets to protest harsh spending cuts aimed at saving the country from bankruptcy.

But the demonstrations turned deadly; a fire erupted, and at least three people were killed.

» E-Mail This     » Add to Del.icio.us

A job at General Motors used to mean not having to worry about retirement. The company had promised a good pension and health care for life.

Retirees are losing some of their benefits as the company goes through bankruptcy. Many worry they could lose even more if the big auto maker's fortunes don't turn around quickly.