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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
  • 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...
  • 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...
  • Coldwater Creek files bankruptcy, to close all stores

    Coldwater Creek files bankruptcy, to close all 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...
  • 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...
  • Mary Barra: GM has 'civic responsibility' to compensate crash victims

    Mary Barra: GM has 'civic responsibility' to compensate crash victims
    General Motors CEO Mary Barra said Tuesday she wants to find out if GM engineering employees executed a coverup or were merely incompetent in failing to recall a defective part linked to 13 deaths. In testimony before a House Energy and Commerce...
  • 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...
  • Senators attack culture of GM

    For just a few million dollars, General Motors Co. could have replaced a defective ignition switch that ultimately has been linked to 13 deaths and is expected to cost the automaker billions in repairs, fines and litigation. GM need only have spent an...
  • 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...