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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles see all

Displaying items 1-5
  • Shrinking would untangle regulation: Front Burner

    The idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The seventh-largest bank in the U.S. at the time, Continental Illinois had $40 billion in assets, but many of those assets were bad loans, and investor fears of its failure led to a run on deposits that the FDIC responded to with an unprecedented bailout. The FDIC and other regulators feared that a complete collapse of the bank could lead to a larger financial crisis, and to avert that crisis, risk investors (bond holders) as well as insured depositors were bailed out.
  • Seminole County judicial race draws incumbent, two challengers

    Seminole County judicial race draws incumbent, two challengers
    In this year's one contested race for Seminole County judge, voters must decide between incumbent Jerri Collins and two candidates who have filed for bankruptcy, Alex Finch and Sandra I. Rivera. Collins, 52, has been on the bench eight years,...

    Bankruptcy judge suggests arrest of 'Girls Gone Wild' founder Joe Francis

    Bankruptcy judge suggests arrest of 'Girls Gone Wild' founder Joe Francis
    Joe Francis could be headed for a jail cell. Again. The "Girls Gone Wild" founder, famous for tempting intoxicated spring-breakers to mug for cameras topless and French kiss their friends in videos he'd later make millions from, could now be the subject...

    Lumber Liquidators' profit falls on decreased sales

    Lumber Liquidators' profit falls on decreased sales
    Reduced customer traffic and constraints on inventory for Toano-based Lumber Liquidators' stores led to a sales shortfall and an 18.7 percent drop in profit in the second quarter, the company reports. While overall sales increased by 2.3 percent with...

    Stereo D plans expansion into Canada

    Stereo D plans expansion into Canada
    Stereo D, a Burbank visual effects company, plans to move a significant portion of its workforce north of the border. The company, which specializes in the conversion of movies to a 3-D format, told employees this morning that the studio is planning...