RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page.

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
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California.
  • How to escape the medical care debt trap

    How to escape the medical care debt trap
    The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses. An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...

    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...

    Detroit bankruptcy pension cuts approved, with only half casting votes

    Detroit’s current and retired city employees have overwhelmingly voted to support a path out of bankruptcy that will include cuts to their pensions, the city said. After a two month campaign both for and against the city’s bankruptcy plan,...

    Detroit workers, retirees give bankruptcy plan a boost

    Detroit workers, retirees give bankruptcy plan a boost
    (Reuters) - Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors. It...