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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
  • 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...
  • 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...
  • Recalled products sold by Best Buy, liquidators

    Recalled products sold by Best Buy, liquidators
    The U.S. Consumer Product Safety Commission (CPSC) and Best Buy are warning consumers that 10 different recalled products continued to be sold or were resold by Best Buy, Magnolia stores and liquidators Best Buy Private Auction, CowBoom and...
  • 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...
  • KidsPeace emerges from bankruptcy

    KidsPeace, the Orefield-based organization that's been treating troubled children for more than a century, emerged from bankruptcy Friday after shedding more than $80 million in pension obligations and millions of dollars in yearly debt. Fourteen months...
  • Filing bankruptcy? How to protect loved ones who cosign loans

    Wanda says her daughter is the cosigner for two auto loans. Wanda also is considering a bankruptcy filing. She asks: Will seeking bankruptcy protection affect her daughter's credit? Answer: It could. Bankruptcy filings can be tricky, especially if...
  • Questions Grow On Incoming School Chief's Use Of Ph.D. Title, Financial Problems

    Questions about Terrence P. Carter's background multiplied Tuesday, a day after the New London school board delayed a vote on approving a contract for him to start Aug. 1 as superintendent of schools. Board members want to ask Carter about The Courant's...
  • 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. The...
  • Group home for disabled children struggled to provide adequate care

    Group home for disabled children struggled to provide adequate care
    The recent death of a 10-year-old disabled foster child at an Anne Arundel County group home was just the latest in a series of problems at LifeLine, the state contractor that has been paid millions in taxpayer funds to care for "medically fragile"...