I know that this is a Wallstreet topic, but this is a bit less formal.

http://money.cnn.com/2009/06/01/news...ptcy/index.htm

NEW YORK (CNNMoney.com) -- General Motors filed for bankruptcy protection early Monday, a move once viewed as unthinkable that became inevitable after years of losses and market share declines which were capped by a dramatic plunge in sales in recent months.

http://money.cnn.com/galleries/2009/...ars/index.html