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"Stockton, California has filed for bankruptcy after its talks with bondholders and labor unions failed. As a result, Stockton will become the largest US city to seek bankruptcy protection from creditors. "

"After sacking workers in Rhode Island and Maryland, 38 Studios had filed for bankruptcy protection on June 7 as it was late on a $1.1 million payment to Rhode Island in connection with a $75 million state loan guarantee. The sales of its debut game were not up to expectations and the company did not get any cash by selling it. "

"Patriot Coal Corp has filed for bankruptcy protection as it was facing increasing pressures in recent months with demand for coal plunging to a 24-year low due to a shift to natural gas and milder winters, falling thermal coal prices, canceled customer contracts and rising costs for environmental liabilities. "

"The number of foreclosures in the first half of the year dropped by 11 percent. Bank repossessions also led to overall foreclosure activity dropping in the second quarter because of a dip in bank repossessions. "