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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 56-66
  • Judge OKs Detroit bankruptcy filing but questions selling DIA art

    Judge OKs Detroit bankruptcy filing but questions selling DIA art
    The bad news for the Detroit Institute of Arts today is that a bankruptcy judge has authorized the city that owns the museum to declare bankruptcy, giving its creditors a legal forum for insisting that the most valuable masterpieces from the DIA's admired...
  • Bankruptcy protection offers hope for Detroit, setback for its unions

    Bankruptcy protection offers hope for Detroit, setback for its unions
    After a federal judge ruled Tuesday that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, called for unity and urged residents to look ahead with optimism. But for the city'...
  • Detroit 'needs help,' is eligible for bankruptcy, judge rules

    Detroit 'needs help,' is eligible for bankruptcy, judge rules
    Saying that “the city needs help,” a judge ruled Tuesday that Detroit is eligible for bankruptcy protection and can cut municipal employee pensions as it reorganizes its finances. “This case was filed in good cause and should not be...
  • Key ruling on Detroit bankruptcy due Tuesday

    Key ruling on Detroit bankruptcy due Tuesday
    Tens of thousands of Detroiters are waiting anxiously for 10 a.m. Tuesday. That’s when they’ll hear from Judge Stephen Rhodes whether the city is eligible for bankruptcy protection, a decision that could affect pensions, city services and...
  • American, US Airways merger clears another hurdle

    American, US Airways merger clears another hurdle
    A deal announced nine months ago to merge two of the nation's biggest carriers to create the world's largest airline has cleared another key hurdle. The merger of American Airlines and US Airways received approval Wednesday from the U.S. bankruptcy...
  • Visual effects artists will wear green during Obama's L.A. visit

    Visual effects artists will wear green during Obama's L.A. visit
    Visual effects artists are planning to show their colors next week when President Obama visits DreamWorks Animation SKG. Hundreds of visual effects artists who work at the Glendale studio are expected to wear green T-shirts to draw attention to the...
  • Desert Hot Springs declares fiscal emergency to avoid bankruptcy

    Desert Hot Springs declares fiscal emergency to avoid bankruptcy
    Officials in Desert Hot Springs have declared a fiscal emergency in an attempt to avert a second bankruptcy as the Palm Springs-area city approaches insolvency. The City Council voted unanimously Tuesday to approve the emergency declaration, with...
  • O.C. nursing home firm pays $48 million to settle Medicare fraud case

    O.C. nursing home firm pays $48 million to settle Medicare fraud case
    Ensign Group Inc., a Mission Viejo company that operates nursing homes in several states, has agreed to pay $48 million to resolve allegations that it billed Medicare for unnecessary procedures performed on its patients. Two former Ensign Group...
  • How to begin owning stock

    How to begin owning stock
    Dear Liz: I currently have a 401(k) and an IRA, but want something more. A longtime CPA, who is very close to our family, recommended that I buy some stocks, but I'm unsure how to go about this. Answer: When you're investing, it's important to be...
  • 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...
  • 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...