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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 45-55
  • L.A. seeks $21.5 million from American Airlines over airport costs

    L.A. seeks $21.5 million from American Airlines over airport costs
    Only a month after emerging from bankruptcy, American Airlines faces a claim from the city of Los Angeles for $21.5 million in fees charged to operate out of Los Angeles International Airport. The city asked a U.S. Bankruptcy Court judge in New York for...
  • For Scranton residents, bankruptcy is an inviting option

    For Scranton residents, bankruptcy is an inviting option
    SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems. But in this hilly town of 76,000 in northeastern Pennsylvania,...
  • Stockton voters approve new tax measure for bankrupt city

    Stockton voters approve new tax measure for bankrupt city
    STOCKTON -- If a measure to increase the sales tax didn’t pass, there would be few options for this crime-plagued and bankrupt city, municipal officials said.  But on Tuesday, Stockton voters agreed to an increase of 3/4 of a cent -- raising...
  • Foundations pledge $330 million to prevent sale of Detroit museum art

    Foundations pledge $330 million to prevent sale of Detroit museum art
    In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...
  • Loehmann's files for third bankruptcy, plans to liquidate

    Loehmann's files for third bankruptcy, plans to liquidate
    Loehmann’s, the Bronx-based discount retailer that has been around for nearly a century, has filed for the third time for bankruptcy protection and plans to shut down its business. In a Chapter 11 filing in federal Bankruptcy Court in Manhattan,...
  • Corruption-scarred Bell finds itself on better financial footing

    Corruption-scarred Bell finds itself on better financial footing
    Less than a year after state auditors warned that Bell faced possible insolvency, the city has seen a significant infusion of cash from settlements with firms it blamed for not preventing the corruption scandal that engulfed the town. City officials...
  • State agency slow to protect public from toxic waste

    State agency slow to protect public from toxic waste
    One summer Saturday in the Bay Area city of Richmond, nitric acid leaked from a tank at a metal plating company, forming a toxic cloud that floated over a neighborhood of small houses and stucco apartments. "People were coughing. They were gasping for...
  • When it comes to pensions, California is no Detroit

     When it comes to pensions, California is no Detroit
    The Detroit bankruptcy court judge's ruling that employee pensions are "on the table" for potential reductions has spurred yet another round of acrimonious debate between those on the right who blame public-sector pensions for virtually all of government'...
  • Stockton voters approve tax hike to help city emerge from bankruptcy

    Stockton voters approve tax hike to help city emerge from bankruptcy
    Residents of Stockton approved a sales-tax increase that officials say will help the city emerge from bankruptcy. The city of about 300,000 filed for Chapter 9 protection in July 2012, at the time the largest U.S. city to do so. Stockton was later...
  • The hard question for Detroit bankruptcy judge is not about debt

    The hard question for Detroit bankruptcy judge is not about debt
    Detroit went into federal bankruptcy court on Monday hoping to prove what most people already know: It is poor and $18 billion in debt, its residents aren’t getting adequate municipal services and there is no real way to rebound without some sort of...
  • Detroit's bankruptcy brings up more than finances

    Detroit's bankruptcy brings up more than finances
    DETROIT — Sheilah Johnson was a building inspector for the city for 28 years, a college graduate who passed up jobs that paid more because a city job offered stability and the promise of a good pension. But the city's recent plunge into bankruptcy...