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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 67-77
  • American Airlines CEO to get $17-million severance package

    American Airlines CEO to get $17-million severance package
    The chief executive who led American Airlines through bankruptcy and a major merger will get a severance package valued at about $17 million. That was among the first decisions made by the new American Airlines after it emerged from bankruptcy Monday...
  • 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...
  • 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...
  • 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...
  • Grounding the American-US Airways merger

    Grounding the American-US Airways merger
    The best illustration of the virtues of deregulation may be the U.S. airline industry, which Congress liberated from most nonsafety-related rules in 1978. The cost of flying plummeted as a host of new players entered the business to compete with the major...
  • Filing for Chapter 7 bankruptcy on the cheap

    Filing for Chapter 7 bankruptcy on the cheap
    Jane is behind the eight ball with her debt. She's looking at a Chapter 7 bankruptcy filing. Jane asks: Is there an easy and cheap way to do this? My answer: No, and yes. But be careful. ASK LAZ: Smart answers to consumer questions Chapter 7,...
  • Lenders see some crazy excuses for dings on credit reports

    Lenders see some crazy excuses for dings on credit reports
    "The devil made me do it" was perhaps the most famous catchphrase of comedian Flip Wilson. And it was among the numerous excuses one potential borrower gave his lender to explain his lousy credit report. The 10-page letter of explanation ranged from...
  • Mayors seek statewide vote on measure to allow pension-benefit cuts

    Mayors seek statewide vote on measure to allow pension-benefit cuts
    A group of Democratic and Republican mayors are hoping to qualify a measure for the November 2014 ballot that could dramatically reduce retirement benefits for current and future public employees. The measure, filed with the state attorney general&...
  • Knight Capital's massive trading error results in $12-million SEC fine

    Knight Capital's massive trading error results in $12-million SEC fine
    Knight Capital Group's successor has agreed to pay $12 million to settle Securities and Exchange Commission allegations that it failed to have safeguards in place that could have prevented mistaken trades that caused more than $460 million in losses...
  • Draft audit critical of Stockton officials, accounting practices

    Draft audit critical of Stockton officials, accounting practices
    A leaked early draft of state Controller John Chiang's audit of Stockton's finances found that more than half of the accounting controls investigated were ineffective and that Stockton leaders had missed warning signs, according to the Stockton Record....