Bankruptcy
Bankruptcy Articles
The recent bankruptcy filing by AMR Corp. (NYSE: AMR), parent of American Airlines, has put a damper on any enthusiasm there might have been among investors for US airlines stocks. A report yesterday...
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Many American companies have done incredibly well this year. A number posted extraordinary financial results in 2011. Others have launched products that revolutionized markets. Of course, many big...
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The entire world now knows about the European Union warnings from S&P on Monday. This morning came word that the ‘AAA’ long-term credit rating on the European Financial Stability Fund is...
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Jon Corzine was supposed to be the poster boy for modern-day finance… From the King of Finance, to New Jersey’s governor, and back to Wall Street. Now Corzine is just the King of Fall...
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Sprint Nextel Corporation (NYSE: S) has decided not to leave Clearwire Corporation (NASDAQ: CLWR) in the dust. The two companies have had a history of tie-ups and the risk that it is going to end...
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The news flow around the AMR Corporation (NYSE: AMR) filing for bankruptcy is rampant. Some say it was expected and others believe it was premature. The aim to work its cost structure, but this...
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AMR (NYSE: AMR), the parent of American Airlines, has filed Chapter 11. The move has been expected for some time, as the company has struggled with labor costs, jet fuel, and a large debt load. The...
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The new proposed stress tests are just one more thorn in the side for the banking sector, but analysts from Dick Bove to Meredith Whitney, as well as value and bargain investors and short-selling...
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Following the terrible earnings reports just out from a half-dozen of China’s largest solar PV makers, it is mathematically possible that at least one of these companies is at the edge of the...
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The attack on Jefferies Group, Inc. (NYSE: JEF) is unfortunately reminiscent of larger implosions of firms formerly named Lehman and Bear Stearns. It almost does not seem to matter what Jefferies...
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An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ships that were ordered in 2007 and...
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If you have been following the flow of news in municipal bond land, you know all about Meredith Whitney’s grandiose calls for waves and waves of municipal bankruptcy fears. The good news is that...
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It has happened before, but it is rare. Very rare. A bankruptcy that is good for shareholders. Dynegy Inc. (NYSE: DYN) is seeing a sharp rise in its common stock after some of the financial...
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Eastman Kodak Company (NYSE: EK) is trading higher in the after-hours on news that it has completed the sale of its Image Sensor Solutions business to Platinum Equity. Our question is simple: Is...
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The fate of Greece remains undetermined. Rumors are that Prime Minister George Papandreou will leave as part of a brokered agreement to get the opposition party to support austerity measures. There...
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