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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
  • Netflix traffic jam! WWE shops 'Smackdown.' Fallon opens solid.

    Netflix traffic jam! WWE shops 'Smackdown.' Fallon opens solid.
    After the coffee. Before yelling at Sprint about my messed up phone. The Skinny: I realize I should have asked this question 12 years ago, but how did "King of Queens" persuade William Hurt to do an episode? It wasn't bad either. Today's roundup...
  • Detroit bankruptcy plan cuts pensions, payments to creditors

    Detroit hopes to emerge from bankruptcy this year in part by significantly cutting city workers' pensions and payments to bondholders, according to a blueprint filed Friday to restructure the city's $18-billion debt. Detroit is to invest $1.5 billion...
  • Detroit bankruptcy plan includes deep pension cuts

    Detroit's plan to emerge from bankruptcy this year largely hinges on significant cuts to city workers' pensions and retiree health benefits — actions vehemently fought by public employee unions — as well as decreased payments to bondholders,...
  • Best option for underwater homeowner may be letting condo go

    By Ilyce Glink and Samuel J. Tamkin Q: In May 2005, I bought a condo in Miami for $385,000, with $140,000 down and the rest on a 6 percent, 30-year fixed-rate mortgage. Then I went through a lengthy divorce and ended up with title to the condo. Suffice...
  • Hot Dog on a Stick files for bankruptcy, cites high lease costs

    HDOS Enterprises, owner of the employee-owned Hot Dog on a Stick snack shacks ubiquitous in malls, filed for bankruptcy protection Monday, citing expensive lease costs among the factors. In its Chapter 11 filing, Hot Dog on a Stick said its total debt...
  • W.R. Grace emerges from bankruptcy, finally

    W.R. Grace emerges from bankruptcy, finally
    After nearly 13 years in bankruptcy, chemical maker W.R. Grace & Co. formally emerged from court protection Monday, bringing an end to one of the longest Chapter 11 cases in U.S. history. The Columbia-based company's joint plan of reorganization went...
  • 'Grudge' Financier Entertainment Farm Files for Bankruptcy

    TOKYO -- Entertainment Farm, a Tokyo-based film financier launched in 2002, has begun bankruptcy proceedings. The amount of its corporate debt, owned to 20 business partners, stands at a reported $13 million. Under the leadership of former...
  • Drought leaves dark cloud over California ranchers, growers

    Drought leaves dark cloud over California ranchers, growers
    CLOVIS, CALIF. — Beneath unyielding blue skies on a recent afternoon, Ryan Indart knelt down to examine what was left of one of his sheep pastures. Land that should have been lush with native grasses this time of year has been reduced to powdery...
  • FBI arrests two men in alleged $110-million Ponzi scheme

    FBI arrests two men in alleged $110-million Ponzi scheme
    FBI agents arrested the owners of a now-closed Southern California real estate investment firm for allegedly using the business to run a Ponzi scheme in which victims lost more than $110 million. John Packard, 63, of Long Beach and Michael Stewart, 66,...
  • Two men are accused of running $110-million Ponzi scheme

    FBI agents arrested the owners of a now-closed Southern California real estate investment firm on an indictment accusing them of using the business to run a Ponzi scheme that cost victims more than $110 million. John Packard, 63, of Long Beach and...
  • Chicago Spire developer gets funding, wants to resume project

    Chicago Spire developer gets funding, wants to resume project
    The Irish developer behind the Chicago Spire said it has found an investor to pay its creditors, allowing it to emerge from bankruptcy and possibly restart work on the long-stalled residential project. In papers filed with U.S. Bankruptcy Court Thursday,...