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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
  • Maverick investor faces legal pressure

    Maverick investor faces legal pressure
    Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage." Assessing that deal, a federal appeals...
  • Penthouse publisher FriendFinder files for bankruptcy protection

    The company that owns Penthouse magazine and a host of online dating and adult websites filed for bankruptcy protection Tuesday. FriendFinder Networks Inc.'s move comes as many in the adult entertainment industry struggle because of an increase in...
  • Generous aid for relatives came at great personal cost

    Dear Liz: I have $40,000 in credit card debt due to home healthcare I had to provide for my mom, who lived with me for six years before she passed away in 2011. I filed a Veterans Affairs claim on her behalf but just got a VA check for $344 with no...
  • Grace settles final appeal to its reorganization plan

    Grace settles final appeal to its reorganization plan
    Columbia-based W.R. Grace & Co. cleared the last major hurdle Monday to its exit from nearly 13 years of bankruptcy protection, settling the final remaining appeal to its reorganization plan. The chemical maker said in a U.S. Securities and Exchange...
  • State agency slow to protect public from toxic waste

    State agency slow to protect public from toxic waste
    One summer Saturday in the Bay Area city of Richmond, nitric acid leaked from a tank at a metal plating company, forming a toxic cloud that floated over a neighborhood of small houses and stucco apartments. "People were coughing. They were gasping for...
  • When it comes to pensions, California is no Detroit

     When it comes to pensions, California is no Detroit
    The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
  • Chrysler goes Italian as Fiat pays $4.35 billion for full control

    Italian automaker Fiat plans to take full control of Chrysler Group by buying out the shares held by a United Auto Workers union-controlled trust fund. The union and Fiat reached a deal on New Year’s Day for the automaker to acquire the 41.5% of...
  • FDA can ensure adequate drug supply [Letter]

    Del. Dan Morhaim's recent commentary regarding the drug shortage ("Medication crisis," Jan. 5) was interesting and I'm glad this issue is getting more discussion in the lay press. It's been a thorny problem for the institutional pharmacy profession for...
  • L.A. seeks $21.5 million from American Airlines over airport costs

    L.A. seeks $21.5 million from American Airlines over airport costs
    Only a month after emerging from bankruptcy, American Airlines faces a claim from the city of Los Angeles for $21.5 million in fees charged to operate out of Los Angeles International Airport. The city asked a U.S. Bankruptcy Court judge in New York for...
  • For Scranton residents, bankruptcy is an inviting option

    For Scranton residents, bankruptcy is an inviting option
    SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems. But in this hilly town of 76,000 in northeastern Pennsylvania,...
  • 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...