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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
  • IRS to treat bitcoin as property, not currency, for tax purposes

    IRS to treat bitcoin as property, not currency, for tax purposes
    This post has been corrected. See the note below for details. The Internal Revenue Service said Tuesday that bitcoin would be treated and taxed as property, a decision that is part of wider efforts to bring more oversight to the controversial digital...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • GM chief grilled over recall delay

    General Motors Chief Executive Mary Barra on Tuesday vowed to find out whether GM engineering employees executed a coverup or were merely incompetent in failing to recall a defective part linked to 13 deaths. Testifying before a House Energy and...
  • Senators accuse GM of coverup in delayed ignition-switch recall

    Senators accuse GM of coverup in delayed ignition-switch recall
    WASHINGTON -- Senators aggressively questioned General Motors Co. Chief Executive Mary Barra on Wednesday about the years of delays in recalling vehicles with faulty ignition switches, accusing the company of a coverup to hide the problem that caused at...
  • Apartment tower proposed for Inner Harbor site

    Apartment tower proposed for Inner Harbor site
    A Pikesville developer will present plans to the city next week to build one of Baltimore's tallest buildings on the site of the former McCormick & Co. spice factory at the Inner Harbor, transforming the skyline with a luxury apartment tower. The Questar...
  • They're out: Dodgers are dismissed from bankruptcy court

    The greatest stain on the history of a proud franchise was officially dissolved Monday, when U.S. Bankruptcy Judge Kevin Gross signed a final decree ending the Dodgers' time in his court. The bankruptcy cases of the Dodgers and related entities "are...
  • Clock could run out for Westport developers

    Clock could run out for Westport developers
    A U.S. bankruptcy court is scheduled to decide Tuesday whether to grant more time to developer Patrick Turner, who has tried for 10 years to transform the empty Westport waterfront from grassy marsh to a bustling neighborhood. The decision could end...
  • Judge denies extension to Westport team

    Judge denies extension to Westport team
    U.S. bankruptcy judge Robert Gordon on Tuesday denied a bid for more time sought by Westport developer Patrick Turner, who has been trying for almost a decade to turn a blank swath of Baltimore's western waterfront into a vibrant, mixed-use community....
  • Co-signing has risks for young borrower, too

    It doesn't always pay for young borrowers to add parents, grandparents or other relatives as co-signers to get a lower interest rate on a student loan from a bank. In some cases, when the co-signer dies or falls into bankruptcy, the action may trigger an...
  • 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...