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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 12-22
  • Don't liquidate retirements savings to buy house

    By Ilyce Glink and Samuel J. Tamkin Q: We are 66 years old and retired and are looking at buying or building a new home. We currently own our home, which we have lived in for 35 years. Which would be the best bet, financing or paying cash for the next...
  • Brevard oncologist loses $89M Medicare fraud judgment

    Brevard oncologist loses $89M Medicare fraud judgment
    A Brevard County doctor, Wasfi Makar, was hit with an $89 million judgment on Wednesday in a whistleblower Medicare fraud case. For almost 20 years, Makar ran the American Cancer Treatment Centers in Rockledge and Titusville, which are now apparently...
  • City bike-sharing program delayed until summer of 2015

    City bike-sharing program delayed until summer of 2015
    The launch of Baltimore's bike-sharing program will be delayed until next summer after the hardware and equipment vendor selected by the city filed for bankruptcy, officials said Wednesday. The city is expected to seek new vendors through a bid...
  • GM recalls 59,628 Saturn Aura cars for transmission cable issue

    GM recalls 59,628 Saturn Aura cars for transmission cable issue
    DETROIT (Reuters) - General Motors Co is recalling 59,628 Saturn Aura mid-sized cars in the United States and Canada because the automatic transmission shifters may fail, according to documents filed with U.S. safety regulators. GM said it was aware of...
  • GM issues another big recall, will fix Saturn Aura shift defect

    GM issues another big recall, will fix Saturn Aura shift defect
    General Motors said Tuesday it will recall about 60,000 Saturn Auras from the 2007-2008 model years because of a transmission shift cable that could wear out and break. The problem can make the shift lever look like it is in one gear when it actually...
  • What's next for Detroit as creditors gear up for bankruptcy plan vote?

    What's next for Detroit as creditors gear up for bankruptcy plan vote?
    Three months after Detroit filed its initial plan to emerge from bankruptcy, a federal judge has cleared the way for creditors to vote on a much-amended blueprint to restructure the city’s $18-billion debt. The next steps are complicated and hinge...
  • $100M meningitis settlement filed in federal court

    $100M meningitis settlement filed in federal court
    A settlement was filed in bankruptcy court Tuesday that could provide $100 million as early as next year to victims of a nationwide meningitis outbreak linked to tainted steroid injections, lawyers said. New England Compounding Center, its owners,...
  • Family of slain doctor gets millions from suspected killer

    Family of slain doctor gets millions from suspected killer
    An accused murderer has handed over his life's savings and millions of dollars from liquidated real estate holdings as part of a settlement with the family of a Newport Beach doctor he allegedly shot to death in January of last year. The agreement...
  • Fungal meningitis victims to receive money from $100-million fund

    Fungal meningitis victims to receive money from $100-million fund
    Victims of a fungal meningitis outbreak traced to a tainted steroid produced by a Massachusetts compounding pharmacy will be compensated from a $100-million fund created as part of the legal settlement stemming from the 2012 incident. The settlement was...
  • Quinn, Rauner poke at each other's soft spots

    Quinn, Rauner poke at each other's soft spots
    SPRINGFIELD — Democratic Gov. Pat Quinn and Republican challenger Bruce Rauner spent Wednesday poking at the other guy’s political weak spot. For Rauner, that meant bringing up the Cook County, legislative and federal inquiries into a Quinn...
  • Japanese firm named winning bidder for Baltimore manufacturer

    Japanese firm named winning bidder for Baltimore manufacturer
    A Japanese firm that has a long history with Baltimore-based Hedwin Corp. was named the winning bidder for the manufacturer in a bankruptcy auction Friday, a development that Hedwin officials said would save the company's 300 jobs. Fujimori Kogyo Co....