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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 89-99
  • 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...
  • Hot Dog on a Stick files for bankruptcy, cites high lease costs

    HDOS Enterprises, owner of the employee-owned Hot Dog on a Stick snack shacks ubiquitous in malls, filed for bankruptcy protection Monday, citing expensive lease costs among the factors. In its Chapter 11 filing, Hot Dog on a Stick said its total debt...
  • Twinkies, Ding Dongs at a discount: Big Lots in deal with Hostess

    Twinkies, Ding Dongs at a discount: Big Lots in deal with Hostess
    Ohio-based retailer Big Lots will soon sell Twinkies, Ding Dongs and other Hostess brand snacks at steep discounts.  The closeout chain announced Monday it will become the official discount retailer for Hostess snacks, filling a gap left by the...
  • FBI arrests two men in alleged $110-million Ponzi scheme

    FBI agents arrested the owners of a now-closed Southern California real estate investment firm for allegedly using the business to run a Ponzi scheme in which victims lost more than $110 million. John Packard, 63, of Long Beach and Michael Stewart, 66,...
  • 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...
  • Oscar night no gala for film, TV workers hit by runaway production

    Oscar night no gala for film, TV workers hit by runaway production
    Tom Capizzi is going to Hollywood Sunday night for the 86th Academy Awards, but not in a limo or a tux. Instead, he will be protesting near the Dolby Theatre, hoisting a green sign saying "Chase Talent Not Subsidies." Capizzi will be among hundreds of...
  • Is it time to get nervous in battle over Dodgers' new TV network?

    Is it time to get nervous in battle over Dodgers' new TV network?
    The Dodgers’ new network debuts next week, and I guess most of us will just have to take their word for it. Unless you’re with Time Warner Cable, which will run the Dodgers’ new cable station, SportsNet LA. Currently, it doesn’...
  • 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...
  • Mt. Gox exchange says it found 200,000 missing bitcoins

    Mt. Gox exchange says it found 200,000 missing bitcoins
    Mt. Gox, the online bitcoin exchange that has filed for bankruptcy, said Thursday it had found 200,000 missing bitcoins during a search of its systems. The Tokyo-based company said that the missing coins were found March 7 during a search of its old...
  • 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...