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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
  • IRS to treat bitcoin as property, not currency, for tax purposes

    IRS to treat bitcoin as property, not currency, for tax purposes
    This post has been corrected. See the note below for details. The Internal Revenue Service said Tuesday that bitcoin would be treated and taxed as property, a decision that is part of wider efforts to bring more oversight to the controversial digital...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • GM chief grilled over recall delay

    General Motors Chief Executive Mary Barra on Tuesday vowed to find out whether GM engineering employees executed a coverup or were merely incompetent in failing to recall a defective part linked to 13 deaths. Testifying before a House Energy and...
  • Senators accuse GM of coverup in delayed ignition-switch recall

    Senators accuse GM of coverup in delayed ignition-switch recall
    WASHINGTON -- Senators aggressively questioned General Motors Co. Chief Executive Mary Barra on Wednesday about the years of delays in recalling vehicles with faulty ignition switches, accusing the company of a coverup to hide the problem that caused at...
  • Spencer buying Brookstone out of bankruptcy

    Spencer buying Brookstone out of bankruptcy
    Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone sells products ranging from massage chairs to bathroom slippers through stores in malls...
  • Apartment tower proposed for Inner Harbor site

    Apartment tower proposed for Inner Harbor site
    A Pikesville developer will present plans to the city next week to build one of Baltimore's tallest buildings on the site of the former McCormick & Co. spice factory at the Inner Harbor, transforming the skyline with a luxury apartment tower. The Questar...
  • 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...
  • 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...
  • They're out: Dodgers are dismissed from bankruptcy court

    The greatest stain on the history of a proud franchise was officially dissolved Monday, when U.S. Bankruptcy Judge Kevin Gross signed a final decree ending the Dodgers' time in his court. The bankruptcy cases of the Dodgers and related entities "are...
  • Clock could run out for Westport developers

    Clock could run out for Westport developers
    A U.S. bankruptcy court is scheduled to decide Tuesday whether to grant more time to developer Patrick Turner, who has tried for 10 years to transform the empty Westport waterfront from grassy marsh to a bustling neighborhood. The decision could end...
  • Judge denies extension to Westport team

    Judge denies extension to Westport team
    U.S. bankruptcy judge Robert Gordon on Tuesday denied a bid for more time sought by Westport developer Patrick Turner, who has been trying for almost a decade to turn a blank swath of Baltimore's western waterfront into a vibrant, mixed-use community....