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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
  • GM liability in fatal crash faces key test

    Margie Beskau would seem to have a strong lawsuit against General Motors for millions in damages. Eight years ago, her 15-year-old daughter, Amy Rademaker, died in a Chevrolet Cobalt — one of the cars the automaker has now admitted had a deadly...
  • Senators attack culture of GM

    For just a few million dollars, General Motors Co. could have replaced a defective ignition switch that ultimately has been linked to 13 deaths and is expected to cost the automaker billions in repairs, fines and litigation. GM need only have spent an...
  • Grace settles final appeal to its reorganization plan

    Grace settles final appeal to its reorganization plan
    Columbia-based W.R. Grace & Co. cleared the last major hurdle Monday to its exit from nearly 13 years of bankruptcy protection, settling the final remaining appeal to its reorganization plan. The chemical maker said in a U.S. Securities and Exchange...
  • State agency slow to protect public from toxic waste

    State agency slow to protect public from toxic waste
    One summer Saturday in the Bay Area city of Richmond, nitric acid leaked from a tank at a metal plating company, forming a toxic cloud that floated over a neighborhood of small houses and stucco apartments. "People were coughing. They were gasping for...
  • When it comes to pensions, California is no Detroit

    The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
  • Chrysler goes Italian as Fiat pays $4.35 billion for full control

    Italian automaker Fiat plans to take full control of Chrysler Group by buying out the shares held by a United Auto Workers union-controlled trust fund. The union and Fiat reached a deal on New Year’s Day for the automaker to acquire the 41.5% of...
  • FDA can ensure adequate drug supply [Letter]

    Del. Dan Morhaim's recent commentary regarding the drug shortage ("Medication crisis," Jan. 5) was interesting and I'm glad this issue is getting more discussion in the lay press. It's been a thorny problem for the institutional pharmacy profession for...
  • L.A. seeks $21.5 million from American Airlines over airport costs

    L.A. seeks $21.5 million from American Airlines over airport costs
    Only a month after emerging from bankruptcy, American Airlines faces a claim from the city of Los Angeles for $21.5 million in fees charged to operate out of Los Angeles International Airport. The city asked a U.S. Bankruptcy Court judge in New York for...
  • For Scranton residents, bankruptcy is an inviting option

    For Scranton residents, bankruptcy is an inviting option
    SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems. But in this hilly town of 76,000 in northeastern Pennsylvania,...
  • Credit-counseling agencies scramble to deal with own financial crunch

    Facing multimillion-dollar losses, the CredAbility credit-counseling agency pared its Orlando staff and laid off its top local executive last fall as part of a companywide downsizing. In early January, Atlanta-based CredAbility was absorbed in a merger...
  • Giordano's plans 5 more new restaurants in 2014

    Giordano's plans 5 more new restaurants in 2014
    Giordano's has opened a new restaurant in the South Loop, the deep dish pizza chain's first new location since emerging from bankruptcy in 2011.  The restaurant, located on the ground floor of a residential building being renovated at 1340 S. Michigan...