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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 100-110
  • Eiji Toyoda, car family scion who developed Corolla and Lexus, dies

    Eiji Toyoda, car family scion who developed Corolla and Lexus, dies
    Eiji Toyoda, a family scion who spearheaded Toyota Motor Corp.'s aggressive push into the U.S. auto market, has died. He was 100. Toyoda, a cousin of the Japanese automaker's founder Kiichiro Toyoda, died of heart failure Tuesday at Toyota Memorial...
  • GM first-quarter profits dip on losses in Europe, South America

    GM first-quarter profits dip on losses in Europe, South America
    General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America. Profit for the nation’s largest automaker profit fell 14% to $865 million...
  • Chrysler's first-quarter profits dip, expenses for new models rise

    Chrysler's first-quarter profits dip, expenses for new models rise
    Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million. The automaker’s earnings were hurt by higher expenses to launch new models and slower business in Europe and South America.  Revenue fell 6% to $15.4 billion...
  • NHTSA takes closer look at electrical issues in 550,000 Pontiacs

    NHTSA takes closer look at electrical issues in 550,000 Pontiacs
    Federal safety regulators have stepped up their probe of about 550,000 Pontiac G6 sedans to a full engineering analysis to try to figure out why the brake lights don’t operate properly on some of the vehicles. The National Highway Traffic Safety...
  • Chrysler Group plans to resume trading its shares on stock market

    Chrysler Group plans to resume trading its shares on stock market
    Chrysler Group filed plans Monday to resume trading its shares on the stock market, part of a high-stakes game its parent company, Fiat, is playing against a big union trust. The stock sale would not be a normal initial public offering, in which a...
  • GM liability in fatal crash faces key test

     GM liability in fatal crash faces key test
    Margie Beskau would seem to have a strong lawsuit against General Motors for millions in damages. Eight years ago, her 15-year-old daughter, Amy Rademaker, died in a Chevrolet Cobalt — one of the cars the automaker has now admitted had a deadly...
  • Vince Young files for bankruptcy protection

    Vince Young files for bankruptcy protection
    Vince Young made $34 million in his six years as an NFL quarterback. Last week, the 30-year-old Young filed for Chapter 11 bankruptcy protection. “[Young] invested in private, illiquid investments, and he overspent,” said Ed Butowsky, a...
  • 1st Mariner Bank to be sold to investors

    1st Mariner Bank to be sold to investors
    The parent company of 1st Mariner Bank said Monday that it has signed a deal to sell the bank after years of regulatory demands that it increase its capital, potentially ending the company's long struggle to right itself after the mortgage crisis. A...
  • New testimony backs up Shapiro claims of yacht parties with Miami athletes

    New testimony backs up Shapiro claims of yacht parties with Miami athletes
    CORAL GABLES — New testimony related to Nevin Shapiro's on-going bankruptcy backs up at least some of the former UM booster's claims of NCAA rule violations. Roberto Torres, the former chief financial officer for Shapiro's Capitol Investments, was...
  • A year after bankruptcy, lives unsettled still

    A year after bankruptcy, lives unsettled still
    The closing of the steel mill at Sparrows Point overwhelmed Bob Jennings. Too young to retire at 59, he faced a gloomy job market for local manufacturing workers and a bureaucracy that couldn't get him timely training help. He felt like a failure. No,...
  • Legacy of pollution haunts Sparrows Point neighbors

    Legacy of pollution haunts Sparrows Point neighbors
    When the Sparrows Point steel mill closed, Deborah S. Barkley felt sorry for the laid-off workers — she didn't want that to happen. But she knew her life would get better. For 20 years, she's lived less than a mile from the Baltimore County plant....