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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

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  • 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,...

    Merger launches new chapter for Fiat Chrysler Automobiles

    Fiat shareholders approved a merger today that will lead to the creation of a new company Fiat Chrysler Automobiles at a meeting in Turin, Italy. The decision marks the end of an era in Italy as Fiat founded 115 years ago by Giovanni Agnelli exits the...

    U.S. Appeals Court Rules Against Travelers In $500 Million Asbestos Case

    A federal appeals court on Tuesday ordered The Travelers Cos. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in...

    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...