Bankruptcy
Bankruptcy Articles
ThinkstockA report from the Federal Reserve is signaling that U.S. households have seen a substantial rise in their net worth. With the recession not being too long ago and with many workers still...
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Jon OggIf you don’t know the old punchline, “Hey, It’s your turn in the barrel today!” you might not fully understand how badly we view the news out of American International Group Inc....
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Mayor Dave Bing of Detroit has told a press conference today that Michigan Governor Rick Snyder will announce tomorrow his decision on hiring an emergency financial manager for the city. Bing did not...
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ThinkstockThe U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, the recession...
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ThinkstockMeredith Whitney was applauded for her call about the impending doom of the banking sector ahead of the recession, but she has been criticized ever since her call for billions and billions...
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ThinkstockPrint journalism had a bad few days. The Reader’s Digest filed for Chapter 11 for the second time in three years, with $1.1 billion in assets and $1.2 billion in liabilities. The...
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ThinkstockSatcon Technology Corp., maker of a critical solar panel component called an inverter, filed for bankruptcy protection last October, but the company couldn’t find a buyer and has...
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courtesy of Hostess Brands Inc.A deal worth more than $400 million may be on the table as soon as tomorrow for Hostess Twinkies and other of the bankrupt Hostess Brands Inc.’s popular snack food...
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ThinkstockWhen Dish Network Inc. (NASDAQ: DISH) acquired bankrupt Blockbuster nearly two years ago, the company said that the 1,700 Blockbuster stores that were part of the deal would “complement...
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courtesy of Hostess Brands Inc.Hostess may be dead, but its popular brands are not. Several other food companies believe they can make money on the Hostess asset base, and the auction process to sell...
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ThinkstockAMR, parent of American Airlines, has moved closer to an exit from Chapter 11 and a possible merger with U.S. Airways Group Inc. (NYSE: LCC), as pilots of the troubled company have opened...
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thinkstockThe Tribune Company, one of America’s oldest and largest media firms, will exit Chapter 11 today. Reuters reports that the firm will get a $1.1 billion senior secured term loan and other...
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Wikimedia CommonsIn the light of a decision by the U.S. Treasury to sell the remainder of its shares in General Motors Co. (NYSE: GM) at a loss of $12 billion to taxpayers, proponents of the...
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courtesy GameStop Corp.THQ Inc. (NASDAQ: THQI) is being acquired, maybe. Before you get too excited about any major turnaround huge-premium buyout you better pay attention to the fine print here....
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courtesy of Hostess Brands Inc.A couple of surprise names have popped up in the bidding war for bankrupt Hostess Brands Inc., makers of Twinkies, Ho-Hos, and Wonder Bread. Last Monday was the...
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