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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 45-55
  • 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....
  • Expenses from Fiat merger topple Chrysler into first-quarter loss

    Expenses from Fiat merger topple Chrysler into first-quarter loss
    Expenses associated with Chrysler Group’s merger with Fiat dragged the U.S. automaker into a loss in the first quarter. Chrysler said Monday that it lost $690 million in the period compared with a profit of $166 million in the same quarter a...
  • Time for underwater real estate investors to cut losses

    By Ilyce Glink and Samuel J. Tamkin Q: I have an interest-only loan with one bank and a second mortgage with another. The interest-only loan will change at the beginning of July to require me to make principal and interest payments. The loans total...
  • Lumber Liquidators hosts anticipated April sale

    Lumber Liquidators hosts anticipated April sale
    Toano-based Lumber Liquidators will host its annual April sale from April 24-28.  According to a company press release, "The sale's success has become legendary in Lumber Liquidators' culture. Lines wrapped around its stores on the first day and, 11...
  • Victims get another small payment in Lou Pearlman fraud

    Victims get another small payment in Lou Pearlman fraud
    The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case. On Monday a second distribution of $5.6 million...
  • Leading Florida bankruptcy investigators form new firm

    Leading Florida bankruptcy investigators form new firm
    Two bankruptcy investigators who handled some of Florida’s biggest frauds are joining forces to launch a new firm. Soneet Kapila, who is wrapping up work on the Orlando-based Lou Pearlman fraud case, is joining Barry Mukamal, who handled such...
  • Baltimore manufacturer awaits bankruptcy auction

    Baltimore manufacturer awaits bankruptcy auction
    When a Belgian firm tried to sell a Baltimore manufacturer to a company that planned to take jobs elsewhere, the local employees saved their livelihoods by buying their employer. Ten years later, another foreign company has stepped up to buy the company...
  • Wells Fargo moves annual meeting to Texas, but protesters follow

    Wells Fargo moves annual meeting to Texas, but protesters follow
    You can move your shareholder meeting out of California, but you can't stop protesters from following. Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting....
  • Wood floors grow in popularity as options expand

    Wood floors grow in popularity as options expand
    Last fall, when Dennis and Misty Glorioso renovated the Sykesville home they bought from Misty's father, one of their immediate priorities was to add hardwood floors. The house, which was built in the early 1980s, was chopped up into several small rooms...