Today, says Patti Domm on CNBC, it is "fighting to stay off the junk heap". The company has about $115bn in debt and it recently lost its coveted single-A credit rating. Its bonds are already ...

He loads it into a creaky freighter already headed for the junk heap. Manned by Japanese, the ship takes on enough coal for one voyage, limps south through the Panama Canal, manages to reach ...