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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
  • Pilgrim's Pride makes offer to buy Hillshire Brands

    Pilgrim's Pride makes offer to buy Hillshire Brands
    Poultry producer Pilgrim's Pride Corp. has made an unsolicited bid to buy Chicago-based packaged food company Hillshire Brands Co. in a deal valued at nearly $5.7 billion plus debt, the latest shakeup in the food industry. Hillshire said it will review...
  • Detroit's creditors want entire art museum collection to be fair game

    Creditors in Detroit’s municipal bankruptcy have engineered a new appraisal aimed at putting the Detroit Institute of Arts' entire collection in play as a possible chip to maximize the amount the city will be obligated to ante up for debt repayment....
  • Bankruptcy doesn't have to be so messy for courts

    Bankruptcy courts are the mark of an advanced legal society. Think of the alternatives. Debt-slavery is inhumane. Debtors' prison is inefficient. And breaking a trader's bench and banning him from the market doesn't get anybody's assets back. But how...
  • 1st Mariner buyers win regulatory approval

    1st Mariner buyers win regulatory approval
    The investors buying 1st Mariner Bank said Monday that they've received the regulatory approvals they need and expect to close on the deal as soon as next week, turning the page on the Baltimore institution's most tumultuous chapter. The purchasers &#...
  • GM Releases Ignition Switch Report

     
    GM's CEO Mary Barra in a employees' town-hall meeting today announced that 15 employees have been fired and five others disciplined over the handling of the faulty ignition switches. An internal audit, which Barra called "extremely thorough, brutally...
  • New company set to take over Lido Theatre

    New company set to take over Lido Theatre
    For 75 years, the light pink Lido Theatre in Newport Beach has welcomed moviegoers onto the Balboa Peninsula. But an asset manager for the theater's property owner has a new vision for the space, now surrounded by development, and in need of, as she put...
  • Ex-Catonsville doctor charged with sexually assaulting patient in Western Md.

    Ex-Catonsville doctor charged with sexually assaulting patient in Western Md.
    The practitioner of a now-closed Catonsville laser surgery center who was convicted of raping a woman at gunpoint in 1987 was indicted by an Allegany County grand jury last week for sexually assaulting a patient behind locked doors. Dr. William Thomas...
  • First Mariner says stock to be delisted in June

    First Mariner says stock to be delisted in June
    First Mariner Bancorp's days of publicly traded stock are coming to an end. The Baltimore-based company said in a U.S. Securities and Exchange Commission filing Monday that it expects its stock will be delisted from the OTC Bulletin Board as soon as...
  • Social Security disability backlog in Md. among highest in nation

    Social Security disability backlog in Md. among highest in nation
    The Social Security Administration office that reviews disability claims for Central Maryland has the third-longest processing delay in the nation — a backlog that prompted a member of the state's congressional delegation on Monday to call for...
  • Shelton Factory Seeks Bankruptcy Protection

    A Shelton manufacturer of latex foam mattresses and the rubber latex supplied to other mattress and pillow manufacturers has filed for bankruptcy protection as it restructures its debt. The Chapter 11 bankruptcy will not disrupt service to its customers,...
  • Effects firm Sony Pictures Imageworks leaving L.A. area for Canada

    In a further blow to Southern California's visual-effects industry, Sony Pictures Imageworks is moving its Los Angeles-area headquarters to Canada. One of Hollywood's leading visual effects companies said Friday that it will move into a new facility...