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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
  • Think you're money savvy? Take this quiz

    Think you're smart about money? Maybe. But unless you're regularly learning and refreshing your knowledge, the latest information about spending, savings and investing might pass you by. And the best way to pass on money smarts to children probably isn'...
  • 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...
  • What's next for Detroit as creditors gear up for bankruptcy plan vote?

    Three months after Detroit filed its initial plan to emerge from bankruptcy, a federal judge has cleared the way for creditors to vote on a much-amended blueprint to restructure the city’s $18-billion debt. The next steps are complicated and hinge...
  • 1st Mariner buyers see value in local brand

    1st Mariner buyers see value in local brand
    The founder of 1st Mariner launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based elsewhere had rapidly gobbled up 30 percent of the Maryland market. Now — 19 years and many...
  • 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...
  • ClearEdge Power Said To Be Seeking Bankruptcy, Sent Workers Home Early

    ClearEdge Power Said To Be Seeking Bankruptcy, Sent Workers Home Early
    Amid word of broad corporate restructuring, workers at ClearEdge Power in South Windsor were sent home Thursday, uncertain about what the future holds for their company or their jobs. Briefed by the company Thursday afternoon, Town Manager Matthew B....
  • 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...
  • 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...
  • Victims get another small payment in Lou Pearlman fraud

    Victims get another small payment in Lou Pearlman fraud
    The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case. On Monday a second distribution of $5.6 million...
  • Leading Florida bankruptcy investigators form new firm

    Leading Florida bankruptcy investigators form new firm
    Two bankruptcy investigators who handled some of Florida’s biggest frauds are joining forces to launch a new firm. Soneet Kapila, who is wrapping up work on the Orlando-based Lou Pearlman fraud case, is joining Barry Mukamal, who handled such...
  • Baltimore manufacturer awaits bankruptcy auction

    Baltimore manufacturer awaits bankruptcy auction
    When a Belgian firm tried to sell a Baltimore manufacturer to a company that planned to take jobs elsewhere, the local employees saved their livelihoods by buying their employer. Ten years later, another foreign company has stepped up to buy the company...