Troubled video-rental chain Blockbuster Inc today filed for bankruptcy protection.

Actor John Malkovich’s lawyers have complained to a New York judge overseeing the bankruptcy of jailed financier Bernard Madoff that he will get only $670,000 dollars of his $2.2m claim.

Fraudster Bernard Madoff’s brother, sons and niece, who were accused in a lawsuit of using the family finance business like a “piggy bank”, have agreed to an asset freeze, according to a court document.

Mike Tyson allegedly hit a photographer at Los Angeles International Airport and was booked and released on suspicion of battery yesterday, police said.

Fraudster Bernard Madoff’s brother, sons and a niece used the family finance business like a “piggy bank”, a court-appointed trustee said.

A New York bankruptcy judge has approved a plan by Lehman Brothers to sell its investment banking and trading businesses to the British bank Barclays.

IN a desperate bid to stay in business, the beleaguered Russian Yukos oil giant has filed for bankruptcy and is demanding the cancellation of this weekend’s auction of its main production unit.

US Airways Group Inc., the nation’s seventh largest airline, today filed for bankruptcy protection for the second time in two years.

BOXER Mike Tyson squandered a $300 million fortune to finance his lavish lifestyle, leaving him $27m in debt, court papers showed yesterday.

MIKE TYSON has filed for Chapter 11 protection in US Bankruptcy Court, claiming his finances are in disarray.

Mike Tyson has filed for bankruptcy in the US Bankruptcy Court in a bid to resolve his financial problems.

American energy company Mirant has filed for bankruptcy after failing to reach a last-minute out-of-court debt restructuring plan with its creditors.

Troubled telecom WorldCom reported overnight a net loss of $331m in July and a USD98m net loss in August.

A settlement between Enron Corp and employee-related groups was approved by the US Bankruptcy Court, according to a statement issued by one of the groups, the Enron Employee Committee.

Planet Hollywood wrote off $5m (€5.06m) in loans to celebrities, an independent review of the bankrupt company shows.

Troubled telecommunications company, WorldCom has announced that the US Bankruptcy Court has approved its bankruptcy motion.

WorldCom is planning to file for bankruptcy protection, according to its chief executive.

Enron has asked a bankruptcy court to approve lucrative retention bonuses, pay-offs and legal expenses for current executives.