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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 100-110
  • Pasadena Playhouse ends 'lifetime' ticket perks after 19 years

    Pasadena Playhouse ends 'lifetime' ticket perks after 19 years
    The curtain has come down on one of the best theater-going deals anywhere: lifetime subscriptions to the Pasadena Playhouse that were offered briefly in 1994 for a one-time, $5,000 donation. The playhouse recently finished informing nearly 200...
  • Lowe's aims to acquire Orchard Supply Hardware amid OSH bankruptcy

    Lowe's aims to acquire Orchard Supply Hardware amid OSH bankruptcy
    Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer – larger competitor Lowe’s Companies Inc. Lowe’s is offering to buy most of the San Jose company’s assets for $205 million in cash...
  • NHTSA takes closer look at electrical issues in 550,000 Pontiacs

    NHTSA takes closer look at electrical issues in 550,000 Pontiacs
    Federal safety regulators have stepped up their probe of about 550,000 Pontiac G6 sedans to a full engineering analysis to try to figure out why the brake lights don’t operate properly on some of the vehicles. The National Highway Traffic Safety...
  • High prices are driving more motorists to rent tires

    High prices are driving more motorists to rent tires
    When the tires on their Dodge Caravan had worn so thin that the steel belts were showing through, Don and Florence Cherry couldn't afford to buy a new set. So they decided to rent instead. The Rich Square, N.C., couple last September agreed to pay...
  • Orange County producer gets 27 years in B-movie Ponzi scheme

    Orange County producer gets 27 years in B-movie Ponzi scheme
    An Orange County movie producer convicted of bilking mostly elderly investors out of $9.5 million in a Ponzi scam involving B movies such as “Confessions of a Pit Fighter” and “Lake Dead” has been sentenced to 27 years in state...
  • Judge rules gifts cards from belly-up Borders bookstores worthless

    Judge rules gifts cards from belly-up Borders bookstores worthless
    Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
  • Inheritance was no gift for schoolteacher

    Inheritance was no gift for schoolteacher
    The trouble started with the inheritance. Eight years ago, the economy was booming and Jane Osick was on solid ground. She had manageable student loans, a stable job and excellent credit. Then, in less than two years, she racked up $120,000 in...
  • Chrysler's first-quarter profits dip, expenses for new models rise

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

    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. Profit for the nation’s largest automaker profit fell 14% to $865 million...
  • San Bernardino police officers criticize city officials on billboard

    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 billboard featured...
  • Cardinal Mahony used cemetery money to pay sex abuse settlement

    Cardinal Mahony used cemetery money to pay sex abuse settlement
    Pressed to come up with hundreds of millions of dollars to settle clergy sex abuse lawsuits, Cardinal Roger M. Mahony turned to one group of Catholics whose faith could not be shaken: the dead. Under his leadership in 2007, the Archdiocese of Los...