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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
  • 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...
  • 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...
  • Sbarro files for second bankruptcy in three years

    Sbarro filed for bankruptcy for the second time in three years as the pizza chain watches foot traffic slow in the malls many of its restaurants occupy. The Melville, N.Y., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Manhattan on...
  • 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...
  • 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...
  • How I Made It: Bill Dombrowski, California Retailers Assn. president

    How I Made It: Bill Dombrowski, California Retailers Assn. president
    The job: Bill Dombrowski is president of the California Retailers Assn., a trade group based in Sacramento that includes most of the country's largest store chains, including 7-Eleven Inc., Safeway Inc., Macy's Inc., Wal-Mart Stores Inc. and Home Depot...
  • A bid to lower manufacturers' energy bills

    A bid to lower manufacturers' energy bills
    No one needs to convince the people running Green Bay Packaging's box-making plant in Hunt Valley that energy efficiency pays off. The last time they got assistance making nips and tucks to their process, they lowered electricity use 1 percent even as...
  • Coldwater Creek retailer files bankruptcy, will close stores

    Coldwater Creek retailer files bankruptcy, will close stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • Pennsylvania bank submits highest bid for 1st Mariner

    Pennsylvania bank submits highest bid for 1st Mariner
    A regional Pennsylvania bank submitted the highest bid at the auction for Baltimore's 1st Mariner Bank in a deal that must still be approved by a federal bankruptcy court judge and banking regulators. National Penn Bank offered $19.1 million for 1st...