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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
  • Quizno's files for bankruptcy, but you can still get a toasted sub

    Quizno's files for bankruptcy, but you can still get a toasted sub
    Quizno's, the sandwich chain known for its toasted sandwiches, filed for bankruptcy protection Friday. But toasters at locations around the country will remain hot and ready.  The Denver-based company's board voted for a pre-packaged restructuring...
  • U.S. sues to block American Airlines-US Airways merger

    U.S. sues to block American Airlines-US Airways merger
    After years of airline mergers that have dramatically reduced choices for travelers, the U.S. Justice Department has sued to halt what would be the largest airline marriage in U.S. history. The Justice Department joined six states and the District of...
  • 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...
  • Mary Barra: GM has 'civic responsibility' to compensate crash victims

    Mary Barra: GM has 'civic responsibility' to compensate crash victims
    General Motors CEO Mary Barra said Tuesday she wants to find out if GM engineering employees executed a coverup or were merely incompetent in failing to recall a defective part linked to 13 deaths. In testimony before a House Energy and Commerce...
  • High prices are driving more motorists to rent tires

    High prices are driving more motorists to rent tires
    When the tires on their Dodge Caravan had worn so thin that the steel belts were showing through, Don and Florence Cherry couldn't afford to buy a new set. So they decided to rent instead. The Rich Square, N.C., couple last September agreed to pay...
  • Fisker Karma may relaunch in 2015

    Fisker Karma may relaunch in 2015
    A plan for Fisker Automotive Inc. is solidifying that would put the company's gas-electric hybrid Karma luxury automobile back on the road in mid-2015, according to its newly appointed interim president. The hope is that the newly launched car, backed...
  • Vince Young files for bankruptcy protection

    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...
  • Eiji Toyoda, car family scion who developed Corolla and Lexus, dies

    Eiji Toyoda, car family scion who developed Corolla and Lexus, dies
    Eiji Toyoda, a family scion who spearheaded Toyota Motor Corp.'s aggressive push into the U.S. auto market, has died. He was 100. Toyoda, a cousin of the Japanese automaker's founder Kiichiro Toyoda, died of heart failure Tuesday at Toyota Memorial...
  • 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...
  • 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...
  • NHTSA takes closer look at electrical issues in 550,000 Pontiacs

    NHTSA takes closer look at electrical issues in 550,000 Pontiacs
    Federal safety regulators have stepped up their probe of about 550,000 Pontiac G6 sedans to a full engineering analysis to try to figure out why the brake lights don’t operate properly on some of the vehicles. The National Highway Traffic Safety...