Bankruptcy  

The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.

Shares of PG&E surge, then retreat on reports that Warren Buffett's Berkshire Hathaway was - and then wasn't - in talks to buy the bankrupt California utility.

The one-time retail giant Sears plans to open smaller stores focused on home furnishings and appliances called Sears Home & Life.

Beleaguered California utility also to appoint 10 new members to board as it pushes through bankruptcy.

The FDIC offers some much-needed protection for deposit banking consumers.

Gap to acquire Janie and Jack, while Children's Place to take over the rights to the Gymboree Group brand.

A Citigroup analyst raises PG&E to buy on expectations that legislation will limit future fire- and natural disaster-related liabilities.