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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
  • 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...
  • 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...
  • 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...
  • 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...
  • Digging into Detroit's bankruptcy filing

    Digging into Detroit's bankruptcy filing
    Detroit has once again been in the headlines as the city and its creditors battle in court over whether the city is eligible to receive bankruptcy protection. Municipal bankruptcy, like just about everything else that contains the word "municipal" or...
  • Digital Domain invested $17 million in 'Ender's Game'

    Digital Domain invested $17 million in 'Ender's Game'
    Digital Domain, the visual-effects company that is co-producing the Lionsgate movie "Ender's Game," invested about $17 million in cash to help produce the much-anticipated movie, two former company executives said. In a highly unusual move, the...
  • Gov. Snyder says he 'worked diligently' to avoid Detroit bankruptcy

    Gov. Snyder says he 'worked diligently' to avoid Detroit bankruptcy
    DETROIT — As protesters marched outside, Michigan Gov. Rick Snyder testified in federal court Monday that he “worked very diligently” to avoid Detroit’s historic bankruptcy as attorneys for employee unions and retirees grilled...
  • 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...
  • 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'...
  • 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...
  • A wake-up call from Detroit

     A wake-up call from Detroit
    A judge's ruling Tuesday that the city of Detroit's bankruptcy case may go forward — and that its pension obligations are not entitled to special protection but can be reduced, along with other debts — sends a chilly message to workers in...