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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
  • American, US Airways merger clears another hurdle

    American, US Airways merger clears another hurdle
    A deal announced nine months ago to merge two of the nation's biggest carriers to create the world's largest airline has cleared another key hurdle. The merger of American Airlines and US Airways received approval Wednesday from the U.S. bankruptcy...
  • Former super agent Leigh Steinberg likes new representation of self

    Former super agent Leigh Steinberg likes new representation of self
    Leigh Steinberg was once known for his boyish good looks and an elite clientele that included Troy Aikman, Warren Moon and a multitude of other famous names. Until it all fell apart. Sipping from a bottle of water, he talks about it in the third...
  • Key ruling on Detroit bankruptcy due Tuesday

    Key ruling on Detroit bankruptcy due Tuesday
    Tens of thousands of Detroiters are waiting anxiously for 10 a.m. Tuesday. That’s when they’ll hear from Judge Stephen Rhodes whether the city is eligible for bankruptcy protection, a decision that could affect pensions, city services and...
  • Detroit 'needs help,' is eligible for bankruptcy, judge rules

    Saying that “the city needs help,” a judge ruled Tuesday that Detroit is eligible for bankruptcy protection and can cut municipal employee pensions as it reorganizes its finances. “This case was filed in good cause and should not be...
  • Political, economic divisions remain after Detroit bankruptcy ruling

    After a federal judge ruled that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, called for unity and urged people to look ahead with optimism.  But for the unions, whose...
  • Bankruptcy protection offers hope for Detroit, setback for its unions

    After a federal judge ruled Tuesday that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, called for unity and urged residents to look ahead with optimism. But for the city'...
  • Judge OKs Detroit bankruptcy filing but questions selling DIA art

    Judge OKs Detroit bankruptcy filing but questions selling DIA art
    The bad news for the Detroit Institute of Arts today is that a bankruptcy judge has authorized the city that owns the museum to declare bankruptcy, giving its creditors a legal forum for insisting that the most valuable masterpieces from the DIA's admired...
  • A wake-up call from Detroit

    A judge's ruling Tuesday that the city of Detroit's bankruptcy case may go forward — and that its pension obligations are not entitled to special protection but can be reduced, along with other debts — sends a chilly message to workers in...
  • American Airlines and US Airways complete merger

    American Airlines and US Airways complete merger
    American Airlines officially emerged from bankruptcy, closing a blockbuster deal with US Airways to become the world's largest airline. The parent companies of the two airlines, AMR Corp. and US Airways Group Inc., formally became American Airlines...
  • American Airlines' former CEO gets $17-million severance package

    American Airlines' former CEO gets $17-million severance package
    Thomas Horton, who was American Airlines' chief executive when its parent company filed for bankruptcy, will get his severance package valued at about $17 million. That was among the first decisions made by the new American Airlines after it emerged...
  • American Airlines CEO to get $17-million severance package

    American Airlines CEO to get $17-million severance package
    The chief executive who led American Airlines through bankruptcy and a major merger will get a severance package valued at about $17 million. That was among the first decisions made by the new American Airlines after it emerged from bankruptcy Monday...