Sbarro has filed for Chapter 11 bankruptcy reorganization for the second time in just three years as the pizza chain struggles to turn its business around amid a drop in traffic at shopping mall food courts.
Bankruptcy filing shields Freedom Industries from dozens of lawsuits.
Officials from the administration of President Barack Obama are expected to visit Detroit next week to meet with community leaders, elected officials and others.
Once the very symbol of American industrial might, Detroit became the biggest U.S. city to file for bankruptcy Thursday, its finances ravaged and its neighborhoods hollowed out by a long, slow decline in population and auto manufacturing.
Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.
Jon Corzine disputed an allegation that he knew more about customer money that vanished from MF Global than he previously testified.