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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
  • Effects firm Sony Pictures Imageworks leaving L.A. area for Canada

    In a further blow to Southern California's visual-effects industry, Sony Pictures Imageworks is moving its Los Angeles-area headquarters to Canada. One of Hollywood's leading visual effects companies said Friday that it will move into a new facility...
  • Shelton Factory Seeks Bankruptcy Protection

    A Shelton manufacturer of latex foam mattresses and the rubber latex supplied to other mattress and pillow manufacturers has filed for bankruptcy protection as it restructures its debt. The Chapter 11 bankruptcy will not disrupt service to its customers,...
  • GM issues another big recall, will fix Saturn Aura shift defect

    GM issues another big recall, will fix Saturn Aura shift defect
    General Motors said Tuesday it will recall about 60,000 Saturn Auras from the 2007-2008 model years because of a transmission shift cable that could wear out and break. The problem can make the shift lever look like it is in one gear when it actually...
  • 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...
  • GM recalls 59,628 Saturn Aura cars for transmission cable issue

    GM recalls 59,628 Saturn Aura cars for transmission cable issue
    DETROIT (Reuters) - General Motors Co is recalling 59,628 Saturn Aura mid-sized cars in the United States and Canada because the automatic transmission shifters may fail, according to documents filed with U.S. safety regulators. GM said it was aware of...
  • City bike-sharing program delayed until summer of 2015

    City bike-sharing program delayed until summer of 2015
    The launch of Baltimore's bike-sharing program will be delayed until next summer after the hardware and equipment vendor selected by the city filed for bankruptcy, officials said Wednesday. The city is expected to seek new vendors through a bid...
  • Social Security disability backlog in Md. among highest in nation

    Social Security disability backlog in Md. among highest in nation
    The Social Security Administration office that reviews disability claims for Central Maryland has the third-longest processing delay in the nation — a backlog that prompted a member of the state's congressional delegation on Monday to call for...
  • $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...
  • Pilgrim's Pride makes offer to buy Hillshire Brands

    Pilgrim's Pride makes offer to buy Hillshire Brands
    Poultry producer Pilgrim's Pride Corp. has made an unsolicited bid to buy Chicago-based packaged food company Hillshire Brands Co. in a deal valued at nearly $5.7 billion plus debt, the latest shakeup in the food industry. Hillshire said it will review...