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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

Displaying items 1-11
  • 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...
  • Florida accuses former Digital Domain Media officers of fraud

    Florida accuses former Digital Domain Media officers of fraud
    The state of Florida has filed a lawsuit against the former officers of Digital Domain Media, accusing them of defrauding the state and local governments out of $82 million. Digital Domain Media was the former owner of the Venice visual effects...
  • Parliament House files for Chapter 11 bankruptcy

    Parliament House files for Chapter 11 bankruptcy
    Parliament House, a gay resort and entertainment complex, filed for Chapter 11 bankruptcy on Friday citing $15.5 million in debt. The 4.5-acre complex defaulted on loans during the recession in 2009 and has been locked into a foreclosure and refinancing...
  • Senators attack culture of GM

    For just a few million dollars, General Motors Co. could have replaced a defective ignition switch that ultimately has been linked to 13 deaths and is expected to cost the automaker billions in repairs, fines and litigation. GM need only have spent an...
  • Mary Barra: GM has 'civic responsibility' to compensate crash victims

    Mary Barra: GM has 'civic responsibility' to compensate crash victims
    General Motors CEO Mary Barra said Tuesday she wants to find out if GM engineering employees executed a coverup or were merely incompetent in failing to recall a defective part linked to 13 deaths. In testimony before a House Energy and Commerce...
  • Massive recall expenses slash General Motors' first-quarter profit

    Massive recall expenses slash General Motors' first-quarter profit
    Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier. The nation’s largest automaker said it earned just $108 million, or 8...
  • Fisker Karma may relaunch in 2015

    Fisker Karma may relaunch in 2015
    A plan for Fisker Automotive Inc. is solidifying that would put the company's gas-electric hybrid Karma luxury automobile back on the road in mid-2015, according to its newly appointed interim president. The hope is that the newly launched car, backed...
  • Rauner 'comfortable' with nursing home bankruptcy court setback

    Rauner 'comfortable' with nursing home bankruptcy court setback
    Republican governor challenger Bruce Rauner today said he’s “very comfortable” that a federal bankruptcy judge is letting a case proceed in which it is alleged the candidate’s longtime equity investment firm improperly handled...
  • Bitcoin exchange Mt. Gox says 'no prospects' for restart of business

    Bitcoin exchange Mt. Gox says 'no prospects' for restart of business
    Mt. Gox, the online bitcoin exchange that shuttered in February, said Wednesday that a Japanese court had dismissed its request for a civil rehabilitation proceeding, similar to a Chapter 11 bankruptcy filing.  As a result, the bitcoin exchange said...
  • How I Made It: Bill Dombrowski, California Retailers Assn. president

    How I Made It: Bill Dombrowski, California Retailers Assn. president
    The job: Bill Dombrowski is president of the California Retailers Assn., a trade group based in Sacramento that includes most of the country's largest store chains, including 7-Eleven Inc., Safeway Inc., Macy's Inc., Wal-Mart Stores Inc. and Home Depot...
  • 1st Mariner buyers see value in local brand

    1st Mariner buyers see value in local brand
    The founder of 1st Mariner launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based elsewhere had rapidly gobbled up 30 percent of the Maryland market. Now — 19 years and many...