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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 23-33
  • Emails show NHTSA official felt GM often lagged on safety

     
    Filed under: Auctions, Government/Legal, Recalls, GM Federal safety regulators had grown frustrated with what they felt was the company's indifferent attitude toward safety issues. General Motors has attempted to distance itself from a widening crisis...
  • Racquet clubs' closure stuns customers

    Angelo LaDuca showed up at Lehigh Valley Racquet and Fitness Clubs Wednesday ready to work out, unaware the Bethlehem club he'd joined a decade ago had abruptly gone out of business. "I drove in and thought, 'Oh, there's not that many people here today....
  • Two bidders will vie for 1st Mariner Bank

    Two bidders will vie for 1<sup>s</sup><sup>t</sup> Mariner Bank
    1st Mariner Bank, Baltimore's largest independent bank, will go to auction Thursday morning with two bidders vying for the bank. Parent company First Mariner Bancorp is selling the bank as part of the parent's Chapter 11 bankruptcy, filed Feb. 10. The...
  • 1st Mariner Bank heads to auction

    1st Mariner Bank heads to auction
    The future of 1st Mariner, Baltimore's largest independent bank, could be decided this week. A bankruptcy judge approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's Chapter 11 bankruptcy filing. Bids for...
  • James River Coal files for bankruptcy protection

    James River Coal files for bankruptcy protection
    Richmond-based James River Coal Co. filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal. James River shares plunged 41 percent to 42 cents in extended trading on...
  • Puerto Rico hires a second U.S. restructuring firm

    (Reuters) - Puerto Rico's Government Development Bank, the U.S. commonwealth's financing arm, has hired Cleary Gottlieb Steen & Hamilton, a New York-based law firm with a specialist practice in financial restructuring, the firm and bank said on Monday....
  • How to ensure broker's honest

    When New York financier Bernard Madoff was sentenced to life in prison for masterminding one of the biggest investor Ponzi schemes in U.S. history, it was an unnerving reminder that entrusting your money to a professional can be risky. Last week, five...
  • Brazilian tycoon Batista faces insider trading probes

    RIO DE JANEIRO (Reuters) - Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry...
  • Coldwater Creek files bankruptcy, to close all stores

    Coldwater Creek files bankruptcy, to close all stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • Coldwater Creek retailer files bankruptcy, will close stores

    Coldwater Creek retailer files bankruptcy, will close stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • $85 million swaps settlement opens door for quicker Detroit bankruptcy exit

    DETROIT Judge Steven Rhodes on Friday approved a settlement between Detroit and two global banks over a disastrous financial bet engineered by former Mayor Kwame Kilpatrick's administration. Rhodes who had rejected two previous settlements as too...