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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
  • $100M meningitis settlement filed in federal court

    $100M meningitis settlement filed in federal court
    A settlement was filed in bankruptcy court Tuesday that could provide $100 million as early as next year to victims of a nationwide meningitis outbreak linked to tainted steroid injections, lawyers said. New England Compounding Center, its owners,...
  • Family of slain doctor gets millions from suspected killer

    Family of slain doctor gets millions from suspected killer
    An accused murderer has handed over his life's savings and millions of dollars from liquidated real estate holdings as part of a settlement with the family of a Newport Beach doctor he allegedly shot to death in January of last year. The agreement...
  • 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...
  • Rauner 'comfortable' with nursing home bankruptcy court setback

    Rauner 'comfortable' with nursing home bankruptcy court setback
    Republican governor challenger Bruce Rauner today said he’s “very comfortable” that a federal bankruptcy judge is letting a case proceed in which it is alleged the candidate’s longtime equity investment firm improperly handled...
  • 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...
  • Massive recall expenses slash General Motors' first-quarter profit

    Massive recall expenses slash General Motors' first-quarter profit
    Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier. The nation’s largest automaker said it earned just $108 million, or 8...
  • 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...
  • 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...