High fuel prices, the bankruptcy filings of Aloha and ATA, and the nationwide slump in consumer confidence have slammed Hawaii's tourism industry.

Debate is heating up on the future of Fannie Mae and Freddie Mac as they struggle with heavy losses and investors continue to shy away from their debt.

Many European real-estate companies are not only disclosing weaker results but also announcing new business strategies designed to ride out the recession.

Distressed-mall buyer Feldman may have found a way to ease its own distress without declaring bankruptcy. But few, if any, investors will come out whole.

Corus said it is deferring interest payments on $405 million of junior subordinated debentures and is seeking money from the Treasury Department's $700 billion rescue fund.