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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
  • Credit-counseling agencies scramble to deal with own financial crunch

    Facing multimillion-dollar losses, the CredAbility credit-counseling agency pared its Orlando staff and laid off its top local executive last fall as part of a companywide downsizing. In early January, Atlanta-based CredAbility was absorbed in a merger...
  • Giordano's plans 5 more new restaurants in 2014

    Giordano's plans 5 more new restaurants in 2014
    Giordano's has opened a new restaurant in the South Loop, the deep dish pizza chain's first new location since emerging from bankruptcy in 2011.  The restaurant, located on the ground floor of a residential building being renovated at 1340 S. Michigan...
  • Foundations pledge $330 million to prevent sale of Detroit museum art

    In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...
  • Md. insurer, seized by regulators, could be liquidated

    Md. insurer, seized by regulators, could be liquidated
    A Sparks-based insurance company that was seized by Delaware regulators faces possible liquidation in a wild case — one with dueling allegations of fraud, forgery and a vendetta, plus a sanction involving an Aston Martin sports car. Delaware's...
  • Responsible sellers make every effort to label their wares accurately

    Q: We inherited this chair and believe it came from England in the early 1900s. After searching on the Internet for similar chairs, it seems to be a type called an early Victorian carved throne chair. Any info? A: Smart collectors know that when a seller...
  • Appeals court overturns defamation award against blogger

    SAN FRANCISCO — A federal appeals court unanimously overturned a defamation award against a blogger Friday, ruling that 1st Amendment protections for traditional news media extend to individuals posting on the Web. "The protections of the 1st...
  • West Virginia chemical company files for bankruptcy after leak

    Bombarded by lawsuits and under federal investigation, the chemical company that spilled a dangerous solvent into a West Virginia river and fouled the drinking water of 300,000 people filed for federal bankruptcy protection Friday. Freedom Industries...
  • Five years after bankruptcy, lender kyboshes borrower's home purchase

    By Ilyce Glink and Samuel J. Tamkin Q: I filed bankruptcy in 2008. In November 2013, while in the process of purchasing a new home, I was informed that because there was no official foreclosure on the home in 2008, I cannot purchase another home for...
  • Creative bankruptcy: That West Virginia chemical company

    As predictably as night follows day, it was clear that the onslaught of lawsuits over the chemical poisoning of virtually the entire water supply of Charleston, W.Va., would be followed by a bankruptcy filing by the chemical company at the center of the...
  • Can you be disinvited to a job offer?

    DEAR JOYCE: A company that seemed anxious to hire me sent an offer letter two days ago. Today an HR person emailed me withdrawing the offer. Can they do that? -- E.U. Thanks to state laws, case specifics and variable company policies, the best way to...
  • Michigan governor offers pension aid to Detroit, with conditions

    Michigan Gov. Rick Snyder is recommending that the state Legislature approve up to $350 million to help fund pensions in Detroit, though he repeatedly emphasized that the funds would come with some strings attached, including that labor unions would...