Bankruptcy
Bankruptcy Articles
JAL finally gave up the ghost after months of negotiation with creditors and large banks. The Japanese government gave the airline access to a modest credit facility. That was not nearly enough. ...
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Markets in Asia were mixed. The Nikkei was down .8% to 10,765. Honda (NYSE:HMC) and Toyota (NYSE:TM) dropped and JAL filed for bankruptcy after the close. The Hang Seng rose .9% to 21,661. The...
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Mesa Air Group Inc. (NASDAQ: MESA) has been a trouble airline and a troubled stock for quite some time. That is taking a turn for the worse for common shareholders this morning. Mesa has filed a...
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The business of lending money to small businesses has entered a vicious cycle. The Small Business Administration says that it processed 12,393 loans in the fourth quarter of last year. That is up...
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The AP claims that bankruptcies filed in the US last year totaled 1.4 million, which includes both businesses and individuals. That would be a 32% increase compared to 2008. The Wall Street Journal...
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By Douglas A. McIntyre A number of media, including the Nikkei business daily, are reporting that the Japanese government is considering taking its huge flagship carrier JAL into bankruptcy. The news...
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The Labor Department says that “mass layoffs”, job cuts of 50 more more people simultaneously, hit a 16 month low in November. Incidents of big downsizing fell to 330 from 1,797 in October....
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General Motors can’t get brand exit strategies right regardless of who is running the show there. Government Motors held a press conference today to discuss the death of the Saab Automobile...
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Ambac Financial Group, Inc. (NYSE: ABK) has made an SEC filing discussing this week’s press release about receipt of a notice from the New York Stock Exchange that it has fallen below the...
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CIT Group Inc. (OTC: CITGQ) is emerging from bankruptcy. The company has just announced that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for the...
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State Bank and Trust Company is taking over two failed and seized banks in Georgia, making this the #125 and #126 closed banks in America during the financial crisis. But this marks the 23rd bank...
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24/7 Wall St. has prepared its list of the ten brands that will disappear in 2010. This list is based on a review of each firm’s financial situation and other operating data, the current and...
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General Motors may be looking more like Government Motors every day. Fritz Henderson is stepping down according to a report from CNBC’s Phil Lebeau, citing sources. What is not clear is if...
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Charter Communications Inc. (CHTRQ) has just announced that it has completed its financial restructuring and has emerged from Chapter 11 protection. The problem here is that Charter’s life was a...
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VeraSun Energy Corporation (OTC: VSUNQ), which filed for Chapter 11 protection on July 31st 2009, announced that the 158 million shares of common stock in the company have been cancelled. The...
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