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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 78-88
  • 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...
  • FHA eases rules for some borrowers after bankruptcy, foreclosure

    FHA eases rules for some borrowers after bankruptcy, foreclosure
    The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing. But there's a catch. To qualify for the break, borrowers must show that their foreclosure or...
  • 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....
  • Rapper DMX files for bankruptcy protection to 'reorganize' finances

    Rapper DMX files for bankruptcy protection to 'reorganize' finances
    Rapper DMX, who has been in and out of jail after a slew of arrests over the past few years, has filed for Chapter 11 bankruptcy protection due to years of "financial strains" and "poor financial management." The "Ruff Ryders Anthem" and "Party (Up In...
  • Bankruptcy may be only way to get collection efforts to stop

    Bankruptcy may be only way to get collection efforts to stop
    Dear Liz: I co-signed a credit card for someone and the person defaulted on payment. I started making payments but could not continue because I became unemployed. The debt started at $15,631.23 but has gone up to $17,088.08 because of interest and fees. I...
  • U.S. sues to block American Airlines-US Airways merger

    U.S. sues to block American Airlines-US Airways merger
    After years of airline mergers that have dramatically reduced choices for travelers, the U.S. Justice Department has sued to halt what would be the largest airline marriage in U.S. history. The Justice Department joined six states and the District of...
  • Fresh & Easy files for Chapter 11 bankruptcy protection

    Fresh & Easy files for Chapter 11 bankruptcy protection
    Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 protection in U.S. Bankruptcy Court less than a month after being promised to Los Angeles billionaire Ron Burkle. The grocery chain, in the process of trading hands from British supermarket...
  • Edison International aims to power through troubles

    Edison International aims to power through troubles
    Edison International, the parent company of Southern California Edison, has had its hands full with the bankruptcy of a subsidiary and the shutdown of the San Onofre Nuclear Generating Station. Now, it is overhauling its operations. The Rosemead...
  • Airlines' attorneys eager to fight U.S. over merger

    Airlines' attorneys eager to fight U.S. over merger
    A day after the U.S. Department of Justice sued to block the mega-merger of American Airlines and US Airways, attorneys for the carriers called the legal challenge weak and said they are looking forward to battling the government in court. The Justice...
  • Consumer bureau suit says debt-relief firm charged improper fees

    Consumer bureau suit says debt-relief firm charged improper fees
    WASHINGTON -- The federal government's consumer financial watchdog on Tuesday sued Morgan Drexen Inc., of Costa Mesa, alleging it charged more than 22,000 customers millions of dollars in illegal upfront fees to help them resolve outstanding debts....
  • Elected leaders pledge to fight Vernon battery recycler

    Elected leaders pledge to fight Vernon battery recycler
    Elected officials from cities across southeast Los Angeles County pledged Monday evening to marshal their political power to sway regulators to shut down a Vernon battery recycler that residents fear is harming their health because of arsenic and lead...