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A collection of news and information related to Financially Distressed Companies published by this site and its partners.

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    May 17, 2013 |Story| Los Angeles Times

  1. Fiat weighs shifting its HQ to the U.S.

    Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group.
    Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group. The move would be unprecedented in the automotive industry, experts said, because of Fiat's deep roots. "To...

    Tags: Big 3 Auto Bailout (2008), Research and Development, Rick Snyder, Finance, Chrysler Group LLC

    2. May 3, 2013 |Story| Los Angeles Times

  2. San Bernardino police officers criticize city officials on billboard

    The San Bernardino police officers' union took a very public shot at several of the bankrupt city's elected officials with a billboard proclaiming, "Congratulations! You've made San Bernardino the WORST run city in America!"
    The San Bernardino police officers' union took a very public shot at several of the bankrupt city's elected officials with a billboard proclaiming, "Congratulations! You've made San Bernardino the WORST run city in America!" The billboard featured...

    Tags: Career and Workplace, Public Officials, Politics, Shootings, Bankruptcy

    3. May 2, 2013 |Story| Los Angeles Times

  3. GM first-quarter profits dip on losses in Europe, South America

    General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America.
    General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America. Profit for the nation’s largest automaker profit fell 14% to $865 million...

    Tags: General Motors Corp., Nissan, Chrysler Group LLC, Chevrolet, North America

    4. May 9, 2013 |Story| Los Angeles Times

  4. Developers buy Rhythm & Hues' ex-headquarters in El Segundo

    The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms.
    The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms. Rhythm & Hues was acquired in March in a...

    Tags: Real Estate Buyers, Real Estate, Investments, Services and Shopping, Entertainment

    5. May 9, 2013 |Story| Los Angeles Times

  5. Rhythm & Hues effects house in search of a new home

    Rhythm & Hues, the Oscar-winning visual effects house that recently emerged from bankruptcy protection, is now looking for a new home.
    Rhythm & Hues, the Oscar-winning visual effects house that recently emerged from bankruptcy protection, is now looking for a new home. As Times writer Roger Vincent reports, the company's 200,000-square-foot El Segundo headquarters has been sold for $25...

    Tags: Life of Pi (movie), Animation (Movie Genre), Companies and Corporations, The Weinstein Company, Twentieth Century Fox Film Corp.

    6. Apr 29, 2013 |Story| Los Angeles Times

  6. Chrysler's first-quarter profits dip, expenses for new models rise

    Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million.
    Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million. The automaker’s earnings were hurt by higher expenses to launch new models and slower business in Europe and South America.  Revenue fell 6% to $15.4 billion...

    Tags: Big 3 Auto Bailout (2008), Fuel-efficient Vehicles, Chrysler Group LLC, Sergio Marchionne, Fiat

    7. Apr 16, 2013 |Story| Los Angeles Times

  7. American Airlines' flights grounded by computer problems

    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country.
    This post has been updated. See the note below for details.
    Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country. The Fort Worth-based airline said it has been struggling with intermittent computer problems...

    Tags: U.S. Airways, American Airlines, Inc., Los Angeles International Airport, Air Transportation Industry, Bankruptcy

    8. Apr 10, 2013 |Story| Los Angeles Times

  8. American Airlines expanding LAX service with eight new destinations

    <em>This post has been corrected. See the note at the bottom for details.</em>
    This post has been corrected. See the note at the bottom for details. For a carrier whose parent company is still in bankruptcy, American Airlines doesn’t show signs of retrenching. The airline announced plans Wednesday to expand to eight new...

    Tags: Hartford (Hartford, Connecticut), United Air Lines, Boeing Co., Travel, U.S. Airways

    9. Apr 11, 2013 |Story| Los Angeles Times

  9. Blame all around in Stockton

    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them.
    After a federal judge ruled last week that the city of Stockton can reduce its debt through bankruptcy, observers began to frame the battle as one of municipal bondholders against public employees. But it's hard to shed tears for either of them....

    Tags: Interior Policy, Crime, Law and Justice, Judges, Pension and Welfare, Local Government

    10. Apr 10, 2013 |Story| Los Angeles Times

  10. New Orleans asks judge to seize troubled prison from sheriff

    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing.
    Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing. For years, the Orleans Parish Prison has been criticized by the U.S....

    Tags: Crime, Law and Justice, Judges, Prisons, Public Officials, U.S. Department of Justice

    11. Apr 24, 2013 |Story| AP Member Choice Complete

  11. Fiat said to mull IPO after buying Chrysler

    Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. The plan to sell shares of a combined company is among several options being...

    Tags: Financing and Stock Offerings, Health Insurance Cost, Stock Market, Fiat, Sergio Marchionne

    12. Apr 17, 2013 |Story| Los Angeles Times

  12. American Airlines computer outage grounds hundreds of flights

    American Airlines, hoping to reinvent itself by coming out of bankruptcy with a new logo, freshly painted planes and a merger plan that will make it the nation's largest carrier, suffered a setback Tuesday when a computer outage grounded hundreds of planes across the country.
    American Airlines, hoping to reinvent itself by coming out of bankruptcy with a new logo, freshly painted planes and a merger plan that will make it the nation's largest carrier, suffered a setback Tuesday when a computer outage grounded hundreds of...

    Tags: Transportation, United Air Lines, Boeing Co., Mergers, Acquisitions and Takeovers, Travel

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