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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 111-121
  • 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...
  • Fugitive in 1996 fatal DUI case back in custody

    Fugitive in 1996 fatal DUI case back in custody
    Charged in 1996 with driving drunk and killing a woman, Chicago businessman Kyung Ho Song posted a low bond, liquidated assets worth more than $1 million and slipped out of the country to his native South Korea. For years he lived openly there in a glass-...
  • Jack Griffin named Tribune Publishing CEO; Eddy Hartenstein chairman

    Jack Griffin named Tribune Publishing CEO; Eddy Hartenstein chairman
    Veteran publishing executive Jack Griffin has been named chief executive of the new Tribune Publishing Co., leading a group of eight newspapers including the Los Angeles Times and Chicago Tribune. The publishing chain is being spun off as a separately...
  • Jack Griffin Named CEO Of Tribune Publishing

    Jack Griffin Named CEO Of Tribune Publishing
    Tribune Co. has named the leadership team for Tribune Publishing, which is preparing to spin off as a separate newspaper company later this year. Eddy Hartenstein, publisher and CEO of the Los Angeles Times, will serve as non-executive chairman of the...
  • Bitcoin founder or not, is he having fun messing with our heads?

    Bitcoin founder or not, is he having fun messing with our heads?
    There was already something kind of amusing about Bitcoin, a currency backed by the full faith and credit of magical thinking and traded (until a virtual heist) by, among others, a Tokyo-based company whose name, Mt. Gox, comes from “Magic: the...
  • Sbarro files for second bankruptcy in three years

    Sbarro filed for bankruptcy for the second time in three years as the pizza chain watches foot traffic slow in the malls many of its restaurants occupy. The Melville, N.Y., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Manhattan on...
  • 1st Mariner Bank auction set for April

    1st Mariner Bank auction set for April
    A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7,...
  • Soap opera producer Prospect Park files for bankruptcy protection

    Soap opera producer Prospect Park files for bankruptcy protection
    Prospect Park Networks -- the production company that launched with high hopes of bringing two canceled ABC soap operas back to life -- has put itself on legal life support. The production firm based in Century City, headed by veteran producers Jeff...
  • Digital Soaps Producer Prospect Park Networks Files for Bankruptcy

    Prospect Park Networks, which last year launched new version of soaps "One Life to Live" and "All My Children" online before becoming embroiled in a legal dispute with ABC, announced that it has filed for bankruptcy protection. Prospect Park, the...
  • Chicago Spire's fate on the line as trial gets underway

    Chicago Spire's fate on the line as trial gets underway
    The battle for control of Chicago's best-known hole in the ground is about to commence. It was six years ago that Irish developer Garrett Kelleher stopped work after early digging on the Chicago Spire. What was supposed to be a career-defining project...
  • Spire developer resolves debts, looks to start again

    Spire developer resolves debts, looks to start again
    The fight for control of the Chicago Spire's site is headed toward resolution, after which the hunt for the funds to build it can begin anew. Shelbourne North Water Street LP, has reached an agreement with key creditors that would resolve the company&...