Bankruptcy
Bankruptcy Articles
The long-expected turnaround from YRC Worldwide Inc. (NASDAQ: YRCW) remains elusive despite the gains we are seeing in the stock so far today. Even after a reverse stock split, YRC Worldwide has...
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This morning there is an interesting take out there regarding American Apparel Inc. (AMEX: APP). PEHub.com has reported that American Apparel is working with Rothschild as advisor to help it...
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Just as it appeared that Blockbuster would be liquidated Dish Network bought it for $320.6 million in a process overseen by a federal bankruptcy court, according to The Wall Street Journal. The most...
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It is April Fools’ Day but we are not going to propagate any hoaxes. What we do want to revisit is some of the great frauds which have originated outside of public companies and managed to harm...
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If you have watched Allied Irish Banks plc (NYSE: AIB) or Bank of Ireland (NYSE: IRE) recently, you will have figured out that the banks are not just in trouble. These banks could literally be...
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Something happened in recent weeks which was easy to miss out on and easy to have forgotten about, but which Irish bank investors need to consider. Other geopolitical news has taken over. Wilbur...
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When Dynegy Inc. (NYSE: DYN) reported earnings, or rather, losses, yesterday, the company also included the dreaded “going concern” statement telling investors that unless the company could...
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After failing to pull the trigger on two buyout offers, Dynegy Corp. (NYSE: DYN) stated in its 10-K filing yesterday that it still has plenty of problems: “Our accompanying consolidated financial...
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YRC Worldwide Inc. (NASDAQ: YRCW) announced a deal that saves the company from bankruptcy, but the deal also dilutes holders yet again. The troubled trucking giant reached a deal with creditors and...
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Regions Financial Corporation (NYSE: RF) is one of the many widely held companies which filed its annual report under form 10-K with the SEC. Investors rarely look through these annual reports due...
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Force Majeure is perhaps one of the least favored aspects of corporate law. In short, Force Majeure is that odd exception that suddenly gives a supplier or a customer a pass on its contractual...
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Mike Edwards, the CEO of Borders Group which has just declared bankruptcy, wrote the retailer’s “Rewards Members” to tell them everything at the company is fine. If the Borders’ program works...
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Borders Group, Inc. (NYSE: BGP) has confirmed what most thought was inevitable. It has filed for bankruptcy protection under Chapter 11. It has secured a commitment for $505 million in...
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Ratings agencies missed the meltdown in the housing market and the rising debt tide that swept over European capitals. We wanted to see if they are awarding Triple-A ratings to countries which did...
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We have many big events to watch for in the coming week at American Water Works Company, Inc. (NYSE: AWK), Apple Inc. (NASDAQ: AAPL), AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ),...
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