Compton, California, a city just outside of Los Angeles, may be the third city in the state to file bankruptcy. The city, which has become an iconic symbol of black inner-city life thanks to the music of West Coast hip-hop acts like NWA, is facing a $43 million deficit, and high-ranking city officials, including Mayor […]
In an attempt to get costs and debt under control, American Airlines has filed for Chapter 11 bankruptcy reorganization. “American expects to continue normal business operations throughout the reorganization process, and the business will continue to be operated by the company’s management,” AMR said in a statement. AMR Corp is the parent company of American […]
