bankruptcy

Houston residents will now have one less option when it comes to interstate bus travel after Megabus pulls out of the Texas market.

The retailer once triumphed over rivals as a 'category killer' with its blue coupons. Now, it's become rudderless, turbulent and broke.

The retailer, which also owns the BuyBuy Baby chain, has lost shoppers and money after a series of ineffective or mistimed turnarounds. It plans to close stores.

The struggling retailer says it's exploring all options, including restructuring and filing for bankruptcy relief.

A federal judge threw out the National Rifle Association's bid to declare bankruptcy Tuesday, allowing New York to proceed in its effort to dissolve the gun rights group for alleged "fraud and abuse."

It's been called the "Greece of the Caribbean." Puerto Rico is more than $72 billion in debt. But because it's not a state, it can't use bankruptcy protection to help it restructure its debt.