Bankruptcy
Bankruptcy Articles
J.P. Morgan Chase & Co. (NYSE: JPM) is in the news today because CEO Jamie Dimon issued a scathing letter to shareholders that effectively is attacking the current political climate in Washington...
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Ambac (ABK) may be the last of the big financial firm flameouts coming out of the credit crisis. The only probable exceptions are Fannie Mae (FNM) and Freddie Mac (FRE), which the government may...
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Ernst & Young, which handled the audit duties for Lehman, is trying to persuade its customers and the public that it will not suffer the same fate that Arthur Andersen did after the bankruptcy of...
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Congressman Barney Frank and Senator Chris Dodd are not wasting any time after health care reform. In a press conference this morning, the two well-known Democrats said financial reform was next on...
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Blockbuster (BBI), the world’s largest movie rental chain, has all sorts of problems. It is nearly insolvent. Its model of renting DVDs from stores has been largely bypassed by online operations...
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CIT Group, Inc. (NYSE: CIT) is out of bankruptcy, has John Thain as its new CEO, and is trying to get on with life in ‘the new normal’ in a sector where making money is going to be more of a...
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Lehman Brothers Holdings Inc. (LEHMQ) is still alive as a stock despite the company being dead. It turns out that there is actually a little asset value left here, as the company has filed a plan...
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Tower International, Inc., or Tower Automotive LLC, has just filed to come public in an IPO. The company does not list any shares or or terms and did not list an exchange or a proposed stock...
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Not surprisingly, CIT Group Inc. (NYSE: CIT) filed with the SEC a form NT 10-K… That is a non-timely annual report notification. The company said it would be unable to file its annual report for...
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Lehman’s bankruptcy is believed to be the largest in US history. Now, Bloomberg has reported that a new regulatory filing revealed that various consulting and legal firms and other lucky...
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Nortel Networks Corp. (NRTLQ) is just about wound down in its bankruptcy. The company’s operations have effectively all been sold off, at extreme discounts. In this bankruptcy there is one last...
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It seems that the realm of mergers and acquisitions is not dead when it comes to property deals. Simon Property Group, Inc. (NYSE: SPG) has made a formal offer to acquire General Growth Properties,...
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Which US companies of significant size have among the highest odds of declaring bankruptcy? According to recent data from Audit Integrity, four firms are in extraordinary financial trouble. These...
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Shares in almost every major American company on the most active list fell and in some cases fell sharply on the 28th. The stock of Qualcomm (NASDAQ:QCOM), the largest handset chip maker in the...
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The most popular issue outside of bashing bonuses for politicians has been the notion of getting to bash saving American International Group Inc. (NYSE: AIG). This will be an interesting week as...
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