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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 23-33
  • Mt. Gox files for bankruptcy as 850,000 bitcoins go missing

    Mt. Gox files for bankruptcy as 850,000 bitcoins go missing
    Bitcoin exchange Mt. Gox announced Friday that it has filed for bankruptcy protection, admitting that it had lost 850,000 bitcoins. "There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble," said Mt. Gox...
  • Detroit bankruptcy plan includes deep pension cuts

    Detroit bankruptcy plan includes deep pension cuts
    Detroit's plan to emerge from bankruptcy this year largely hinges on significant cuts to city workers' pensions and retiree health benefits — actions vehemently fought by public employee unions — as well as decreased payments to bondholders,...
  • Detroit bankruptcy plan cuts pensions, payments to creditors

    Detroit bankruptcy plan cuts pensions, payments to creditors
    Detroit hopes to emerge from bankruptcy this year in part by significantly cutting city workers' pensions and payments to bondholders, according to a blueprint filed Friday to restructure the city's $18-billion debt. Detroit is to invest $1.5 billion...
  • 'Life After Pi,' doc on fall of visual effects house, to debut

    'Life After Pi,' doc on fall of visual effects house, to debut
    Pioneering visual effects house Rhythm & Hues stunned Hollywood last year when it filed for bankruptcy protection and laid off more than 250 employees. The announcement came as the Los Angeles company was enjoying its crowning achievement: the Ang Lee...
  • Netflix traffic jam! WWE shops 'Smackdown.' Fallon opens solid.

    Netflix traffic jam! WWE shops 'Smackdown.' Fallon opens solid.
    After the coffee. Before yelling at Sprint about my messed up phone. The Skinny: I realize I should have asked this question 12 years ago, but how did "King of Queens" persuade William Hurt to do an episode? It wasn't bad either. Today's roundup...
  • Is it time to get nervous in battle over Dodgers' new TV network?

    Is it time to get nervous in battle over Dodgers' new TV network?
    The Dodgers’ new network debuts next week, and I guess most of us will just have to take their word for it. Unless you’re with Time Warner Cable, which will run the Dodgers’ new cable station, SportsNet LA. Currently, it doesn’...
  • Wanxiang increases bid to win Fisker asset sale

    Wanxiang increases bid to win Fisker asset sale
    A hard-fought auction for the remaining assets of failed electric-vehicle maker Fisker Automotive ended Friday with a winning bid by Chinese auto-parts conglomerate Wanxiang Group. Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire...
  • Twinkies, Ding Dongs at a discount: Big Lots in deal with Hostess

    Twinkies, Ding Dongs at a discount: Big Lots in deal with Hostess
    Ohio-based retailer Big Lots will soon sell Twinkies, Ding Dongs and other Hostess brand snacks at steep discounts.  The closeout chain announced Monday it will become the official discount retailer for Hostess snacks, filling a gap left by the...
  • Michigan governor offers pension aid to Detroit, with conditions

    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...
  • Vince Young files for bankruptcy protection

    Vince Young files for bankruptcy protection
    Vince Young made $34 million in his six years as an NFL quarterback. Last week, the 30-year-old Young filed for Chapter 11 bankruptcy protection. “[Young] invested in private, illiquid investments, and he overspent,” said Ed Butowsky, a...
  • Chrysler fuels profits at newly merged Fiat Chrysler Automobiles

    Chrysler fuels profits at newly merged Fiat Chrysler Automobiles
    The newly merged Chrysler and Fiat auto companies reported profitable fourth quarters Wednesday and announced a series of transactions that will combine control of the carmakers into a Netherlands-based holding company. The creation of Fiat Chrysler...