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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 78-88
  • 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....
  • Consumer agency warns of student loan defaults if co-signer dies

    Consumer agency warns of student loan defaults if co-signer dies
    A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.   The federal consumer agency said that borrowers complain...
  • Quiznos follows Sbarro into bankruptcy

    Quiznos follows Sbarro into bankruptcy
    Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so. The filing is expected to be speedy, as Quizno's senior leadership had already...
  • Bitcoin exchange Mt. Gox says 'no prospects' for restart of business

    Bitcoin exchange Mt. Gox says 'no prospects' for restart of business
    Mt. Gox, the online bitcoin exchange that shuttered in February, said Wednesday that a Japanese court had dismissed its request for a civil rehabilitation proceeding, similar to a Chapter 11 bankruptcy filing.  As a result, the bitcoin exchange said...
  • 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...
  • 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...
  • Wells Fargo moves annual meeting to Texas, but protesters follow

    Wells Fargo moves annual meeting to Texas, but protesters follow
    You can move your shareholder meeting out of California, but you can't stop protesters from following. Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting....
  • No way to avoid tax hit liquidating SEP IRA

    By Ilyce Glink and Samuel J. Tamkin Q: My daughter purchased a little house for me to live in when I retire. I'm hopefully going to retire within the next 24 months. The house is owner financed at 5 percent with balance of $35,000 due in July. I want to...
  • Don't liquidate retirements savings to buy house

    By Ilyce Glink and Samuel J. Tamkin Q: We are 66 years old and retired and are looking at buying or building a new home. We currently own our home, which we have lived in for 35 years. Which would be the best bet, financing or paying cash for the next...
  • 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...
  • Comings and goings: Women's chain closes stores

    Comings and goings: Women's chain closes stores
    Business news in the south suburbs. Dots closing Dots, a national women's fashion discount retailer, has started going-out-of-business sales at all 360 of its stores, including eight in the south suburbs. Customers holding gift cards can use them...