Bankruptcy
Bankruptcy Articles
Ambac Financial Group, Inc. (NYSE: ABK) is neither a company nor a stock that is without controversy. It has a lot of fans who have been buying shares before and after it became a penny stock. It...
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As investors ready themselves for Halloween, images of the macabre are hard to escape. The stock market also is filled with death metaphors. Companies SLASH costs and stocks are PUMMELED by...
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In March 2009, the five ethanol-producing plants owned by a subsidiary of Pacific Ethanol, Inc. (NASDAQ: PEIX) filed for bankruptcy protection. The plants exited bankruptcy in June 2010, under...
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Blockbuster filed for Chapter 11 as expected. The rental chain declared that it reached agreement with a group of bondholders holding approximately 80.1 percent principal amount of the company’s...
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Blockbuster Inc. is going bust. The struggling movie rental outfit is set to file for Chapter 11 bankruptcy tomorrow and receive $125 million in debtor-in-possession financing to forestall the...
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The banking devil is still heading down to Georgia, looking for bad bankers’ souls to steal. The problem is that Georgia had just three of the six banks closed down on Friday. “Just…” ...
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When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers go bankrupt...
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Ambac Financial Group, Inc. (NYSE: ABK) has telegraphed filing with deep implications. The company withdrew its earlier shelf registration statement with the SEC that would have allowed it to...
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Ambac Financial Group Inc. (NYSE: ABK) is likely soon to be the latest of the financial implosion stocks unless some magical event occurs outside of the company. After the financial guaranty...
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American International Group, Inc. (NYSE: AIG) is still one of the most hated companies, but not so by private equity buyers looking to see what meat can picked off of a carcass. AIG and Fortress...
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American International Group, Inc. (NYSE: AIG) is making money on an operating basis. Joe Public, a.k.a. the Taxpayer, is making money then rightg? Maybe. Uncle Sam Insurance reported earnings...
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After watching and looking through the EU Stress Test that was due today, we are so far seeing a rally in all the banks we had mentioned earlier as banks to watch. Only 7 of 91 banks failed the...
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The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market. Many of the top banks are lower ahead of the reports, partly on...
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YRC Worldwide Inc. (NASDAQ: YRCW) is starting to do what many companies do when they have a large business with thousands of shareholders and employees with a low stock price that it is on the verge...
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Fannie Mae (NYSE: FNM) (OTC-BB: FNMA) and Freddie Mac (NYSE: FRE) (OTC-BB: FMCC) have both just made their ‘public service announcements’ showing the new tickers for the shares of their common...
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