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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 67-77
  • 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...
  • Investing: The bull market celebrates a birthday

    Kiplinger's Personal Finance It's been five years since the market hit bottom on March 9, 2009. At the time, there was no telling when the free fall would end. "Dow 5,000? There's a case for it," said a headline in the Wall Street Journal on March 9....
  • Beware debt relief scams

    After my recent column on financial priorities for the New Year appeared, I heard from a reader with $55,000 in credit card debt. She said that her options were limited for paying off the debt and asked about using debt relief services. "Will that destroy...
  • 1st Mariner Bank to be sold to investors

    1st Mariner Bank to be sold to investors
    The parent company of 1st Mariner Bank said Monday that it has signed a deal to sell the bank after years of regulatory demands that it increase its capital, potentially ending the company's long struggle to right itself after the mortgage crisis. A...
  • Vince Young files for bankruptcy protection

    Vince Young made $34 million in his six years as an NFL quarterback. Last week, the 30-year-old Young filed for Chapter 11 bankruptcy protection. “[Young] invested in private, illiquid investments, and he overspent,” said Ed Butowsky, a...
  • 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...