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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 34-44
  • PPL spinoff should bring stability to company

    PPL Corp.'s decision this month to spin off its power plants into a new company represents the latest fallout from the natural gas boom that has disrupted the nation's unregulated electric industry. Companies that make electricity hoping to sell it...
  • LightSquared reaches bankruptcy deal; mediator blasts Ergen

    NEW YORK (Reuters) - Wireless venture LightSquared has reached a deal to end its Chapter 11 bankruptcy, but its largest creditor, satellite operator Charles Ergen, is not on board and "wasted the parties' time," according to a report from the court-...
  • Psychiatrist among those charged in Towson drug raid

    Psychiatrist among those charged in Towson drug raid
    An addiction rehabilitation psychiatrist with a history of treatment for alcohol and drug abuse was among those charged Wednesday with manufacturing and distributing the drug Ecstasy at a Towson home. Dr. Priscilla W. Sheldon-Cost, 51, and her...
  • Credit counseling, not draining retirement account, is answer to debt spiral

    By Ilyce Glink and Samuel J. Tamkin Q: My wife and I are in a financial mess. I do not know who to turn to for advice on what we should do. I am a real estate appraiser, and business is down more than 50 percent from last year at this time. So as you can...
  • Brooks Sports gets set for next 100 years

    SEATTLE At the ready, right arm out to snatch the baton as his teammate sprints through the flags for the handoff, Jim Weber takes off for his portion of the 10k relay to commemorate 100 years of Brooks shoes. For Weber, the chief executive of Brooks...
  • Fed's Dudley sounds alarm over Puerto Rico's high debt load

    SAN JUAN (Reuters) - New York Federal Reserve Bank President William Dudley warned Puerto Rico about its growing debt load and questioned if the island can sustain its high level of borrowing in remarks delivered to an accounting group on Tuesday....
  • Business bankruptcies ebb, but coming wave expected

    Business bankruptcies ebb, but coming wave expected
    Twenty-five U.S. public companies with a combined $56 billion in assets had filed for Chapter 7 and Chapter 11 bankruptcies through May 26, compared with 33 with $21 billion in assets in the same period last year. Skewing the latest numbers was the...
  • Consumers lose out under debt-settlement plan

    I write to express my deep concern regarding Senate Bill 622, pending in the state House of Representatives. SB 622 allows debt-settlement companies to prey on the most debt-burdened consumers in our state. Although debt-settlement companies claim relief,...
  • Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy

    Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy
    Downtown Burbank restaurant Elephant Bar quickly and quietly went out of business recently, along with more than a dozen other locations, as its parent company filed for Chapter 11 bankruptcy protection. The restaurant was in business at First Street and...
  • 1st Mariner Bank buyers close on sale

    1st Mariner Bank buyers close on sale
    Investors who tried for years to get a stake in 1st Mariner Bank have closed on their purchase of the Baltimore institution. New CEO Jack E. Steil and president Robert D. Kunisch Jr. said Wednesday that the deal was finalized Tuesday night. The...
  • Failed bitcoin exchange Mt Gox gets U.S. bankruptcy protection

    By Tom Hals (Reuters) - The failed Tokyo-based bitcoin exchange, Mt Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its...