Ailing car giant Chrysler began a marathon bankruptcy court hearing to persuade a judge to allow its plan to sell most of its assets to Italian carmaker Fiat and save itself from liquidation.

Enron received court approval today to emerge from one of the most expensive bankruptcies in history.

WORLDCOM has agreed to pay about $500 million to settle Securities and Exchange Commission charges that the telephone company overstated profits

Since Enron Corp filed the largest US bankruptcy in history last year, the company has used its two jets for eight round-trip flights to New York where the case was filed, a spokesman said.