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MSNBC.com: Business

Kodak files for bankruptcy, secures financing

Posted: January 18th, 2012, 11:19pm MST

Eastman Kodak Co filed for bankruptcy on Thursday in a bid to survive a liquidity crisis after years of falling sales related to the decline of its namesake film business.
7 charged in $62M Dell insider-trading case

Posted: January 18th, 2012, 11:37am MST

NEW YORK (Reuters) - Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds.

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These are the states hemorrhaging red ink

Posted: January 18th, 2012, 8:46am MST

Balancing the budget is not just a federal problem, but a state one as well. The Great Recession resulted in some of the worst state revenues and budget shortages of all time.
More arrests in U.S. insider trading probe: source

Posted: January 18th, 2012, 5:40am MST

(Reuters) - The FBI is in the process of arresting Anthony Chiasson, who co-founded the Level Global Investors hedge fund, and others as part of the government's sweeping probe into insider trading, a person familiar with the matter said on Wednesday.

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World Bank warns of downturn worse than 2008

Posted: January 18th, 2012, 3:57am MST

The World Bank warned of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis.