Bankruptcy
Bankruptcy Articles
ThinkstockAMR Corporation (AAMRQ) has managed to do something which will sound almost impossible, or at least illogical. The parent company of American Airlines is still in bankruptcy and is still in...
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ThinkstockThe CEO of AMR Corp., parent company of bankrupt American Airlines, won’t be getting a $20 million severance package from the company. A bankruptcy court judge in New York rejected the...
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FiskerIf you have been following the trends in hybrid cars and all-electric cars, you probably think of Tesla Motors Inc. (NASDAQ: TSLA) as the winner in the high-performance electric car market. You...
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ThinkstockCities may start to use bankruptcy as a tool to skirt obligations the way that airlines have for decades and car companies have done more recently. As AMR, the parent of American Airlines,...
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thinkstockWith Suntech Power Holdings Co. Ltd. (NYSE: STP) now in Chinese bankruptcy court, the shakeout in the Chinese solar industry is officially underway. What’s shakin’ today is a $51...
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Wikimedia CommonsIn a settlement reached late yesterday, J.P. Morgan Chase & Co. (NYSE: JPM) has agreed to return $546 million to investors of now-bankrupt MF Global. The settlement also brings...
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thinkstockOnce the world’s largest producer of solar PV cells and modules, Suntech Power Holdings Co. Ltd. (NYSE: STP) announced this morning that a group of eight Chinese banks have filed a...
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Jon OggA fresh report from the Employee Benefit Research Institute is signaling that most Americans are going to be retiring with nowhere close to having enough assets and savings for retirement. The...
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thinkstockChina’s one-time leader in the production of solar panels has officially been notified by its trustee that the company is in default on a $541 million bond payment and that payment has...
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wikicommons / SkimstaWhat we are seeing is in Cyprus an instance when taxation becomes theft. When depositors place money in banks, they assume that their deposits are safe as long as the banks do...
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thinkstockAs expected, Suntech Power Holdings Co. Ltd. (NYSE: STP) failed to make a required $541 million bond repayment scheduled for last Friday. The company claimed last week to have reached...
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ThinkstockStandard & Poor’s Ratings Services today revised upward its outlook on the city of Detroit’s general obligation bonds, from ‘negative’ to ‘stable. The ratings upgrade affects...
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thinkstockChinese solar panel maker Suntech Power Holdings Co. Ltd. (NYSE: STP) announced earlier this week that it will close its plant in Arizona on April 3, costing 43 employees their jobs. The...
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courtesy of USPSThere are always some interesting factoids in various industries and sectors in each monthly breakdown of the Employment Situation from the Bureau of Labor Statistics. Friday’s BLS...
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ThinkstockMGIC Investment Corp. (NYSE: MTG) recovered handily this week, but profit taking and a dilutive $1.1 billion capital raise have put the brakes on in this troubled turnaround. So it is...
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