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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 34-44
  • 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...
  • Montana Catholic diocese files bankruptcy to settle sex abuse claims

    Montana Catholic diocese files bankruptcy to settle sex abuse claims
    HELENA, Mont. — The Roman Catholic Diocese of Helena filed for bankruptcy protection Friday as part of a proposed $15-million settlement for hundreds of victims who say clergy members sexually abused them over decades while the church covered it up....
  • Hot Dog on a Stick files for bankruptcy, cites high lease costs

    HDOS Enterprises, owner of the employee-owned Hot Dog on a Stick snack shacks ubiquitous in malls, filed for bankruptcy protection Monday, citing expensive lease costs among the factors. In its Chapter 11 filing, Hot Dog on a Stick said its total debt...
  • Drought leaves dark cloud over California ranchers, growers

    Drought leaves dark cloud over California ranchers, growers
    CLOVIS, CALIF. — Beneath unyielding blue skies on a recent afternoon, Ryan Indart knelt down to examine what was left of one of his sheep pastures. Land that should have been lush with native grasses this time of year has been reduced to powdery...
  • FBI arrests two men in alleged $110-million Ponzi scheme

    FBI arrests two men in alleged $110-million Ponzi scheme
    FBI agents arrested the owners of a now-closed Southern California real estate investment firm for allegedly using the business to run a Ponzi scheme in which victims lost more than $110 million. John Packard, 63, of Long Beach and Michael Stewart, 66,...
  • 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...
  • 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...
  • Creative bankruptcy: That West Virginia chemical company

    Creative bankruptcy: That West Virginia chemical company
    As predictably as night follows day, it was clear that the onslaught of lawsuits over the chemical poisoning of virtually the entire water supply of Charleston, W.Va., would be followed by a bankruptcy filing by the chemical company at the center of the...
  • Appeals court overturns defamation award against blogger

    SAN FRANCISCO — A federal appeals court unanimously overturned a defamation award against a blogger Friday, ruling that 1st Amendment protections for traditional news media extend to individuals posting on the Web. "The protections of the 1st...
  • West Virginia chemical company files for bankruptcy after leak

    West Virginia chemical company files for bankruptcy after leak
    Bombarded by lawsuits and under federal investigation, the chemical company that spilled a dangerous solvent into a West Virginia river and fouled the drinking water of 300,000 people filed for federal bankruptcy protection Friday. Freedom Industries...