Carmaker Saab files for bankruptcy

Saab Automobile has filed for bankruptcy, bringing to an end two years of efforts to rescue the iconic brand that manufactured cars for six decades.

Philadelphia orchestra files bankruptcy papers

The renowned Philadelphia Orchestra has officially filed for bankruptcy protection after falling victim to plunging ticket sales.

What's in store for GM Africa?

GM Africa Operations will host a media conference on Monday, following GM's filing for bankruptcy in the United States.

US to steer GM into bankruptcy, says report

The United States government is readying to steer General Motors into bankruptcy, according to a media report on Thursday.

GM reports $6-billion loss in first quarter

Troubled US carmaker giant General Motors on Thursday reported a net earnings loss of $6-billion in the first quarter.

GM bankruptcy unlikely to be swift or simple, experts warn

A government-steered bankruptcy of General Motors would likely not be swift or simple despite the best efforts of the US Treasury, analysts warn.

Brio toy trains head into buffers

The world's leading maker of wooden toys, Brio, renowned for its colourful trains, is on the verge of bankruptcy, the company warned on Tuesday.

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