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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 see all

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  • American Airlines' bid to end benefits for many retirees is rejected

    DALLAS — A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees.
  • Detroit reaches pension deal with retired police, firefighters

    Detroit reaches pension deal with retired police, firefighters
    Detroit, fighting its way through the largest public bankruptcy in U.S. history, has reached an agreement that preserves current pensions but cuts cost-of-living payments for retired police and firefighters. The agreement, announced Tuesday, is the...

    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...

    Officials sentenced in tomato price-fixing scam

    SACRAMENTO — Two former officials with one of the nation's leading tomato processing companies have been sentenced in a federal case. Randall Rahal of Nantucket, Mass., was sentenced Tuesday to three years in prison. Prosecutors say the former...

    GM chief grilled over recall delay

    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...