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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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  • Lumber Liquidators' profit falls on decreased sales

    Lumber Liquidators' profit falls on decreased sales
    Reduced customer traffic and contraints on inventory for Toano-based Lumber Liquidators' stores led to a sales shortfall up to $18 million in the second quarter, the company reports.
  • Bankrupt San Bernardino looks at marijuana sales to raise funds

    LOS ANGELES (Reuters) - The city attorney of bankrupt San Bernardino, California, has a novel idea for raising new revenue - open medical marijuana dispensaries to sell pot. As San Bernardino struggles to deliver a bankruptcy exit plan two years after...

    Detroit, Syncora fight over casino money in appeals court-report

    (Reuters) - A federal appeals court panel heard arguments on Wednesday between Detroit and one of its last hold-out creditors over casino tax revenue, with one of the judges promising a careful consideration of the case, the Detroit News reported. The...

    States debate digital currency

    Now that consumers can use digital currencies like bitcoin to buy rugs from Overstock.com, pay for Peruvian pork sandwiches from a food truck in Washington, D.C., and even make donations to political action committees, states are beginning to explore...

    Detroit drops post-bankruptcy monitor from exit plan

    (Reuters) - Detroit has dropped the idea of having a court-appointed monitor keep an eye on its finances when it exits bankruptcy after determining the move was not needed, a city spokesman said on Wednesday. The city scratched references to a monitor in...