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A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Special Report: The Rise and Fall of China's Sun King
ReutersHONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....Tags: Science, National Government, U.S. Securities and Exchange Commission, Sydney (Australia), Bankruptcy
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For Detroit in crisis, next six weeks determine bankruptcy fate
ReutersDETROIT (Reuters) - Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to...Tags: Collective Contract, Bonds, Assured Guaranty Limited, Debt Market, Credit and Debt
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Ghosts of incinerator bond deal haunt Harrisburg election
Reuters(Reuters) - In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls. But unlike most cities, Harrisburg's financial...Tags: Bonds, Labor Legislation, U.S. Securities and Exchange Commission, Harrisburg (Dauphin, Pennsylvania), Local Government
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How not to run a local government
One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...Tags: Public Employees, Safety of Citizens, National Government, Bankruptcy, Robert L. Ehrlich Jr.
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Some recession victims feel lucky to be working harder
arnoldp@herald-mail.comOne thing Ed Grimes hates about his current work schedule is trying to explain it to others. “It’s confusing,” he said. Since being laid off in 2009 after nearly four decades at Hagerstown’s Noland Company, the 61-year-old...Tags: Labor Legislation, Bankruptcy, Values, Golf, Armed Forces
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Aberdeen-area bankruptcies for May 9-15, 2013
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 9-15, 2013. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers...Tags: Bankruptcy
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Car Promises That Weren't Kept
KickingTiresEver wonder what happened to events in the auto industry that were supposed to occur but didn't? You might have seen a news story on a site like ours of a promise by an automaker that sounded legitimate with lots......Tags: Bankruptcy, Fuel-efficient Vehicles, Elections, Consumers, GMC
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Report: GM stock prices finally eclipse $33 IPO price
Autoblog.comFiled under: GM, Earnings/Financials General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern... -
Bridgeport Is Worse Off Than Stockton
Stockton is one of California's larger cities. Nearly a year ago, its city council voted to file for bankruptcy. This is the largest municipal bankruptcy filing in the nation's history. Bridgeport, however, is in worse financial condition that Stockton...Tags: Public Employees, Chris Shays, Bankruptcy, Bridgeport (Fairfield, Connecticut), Justice System
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PREVIEW-Clearwire investors aim to force Sprint to sweeten bid
Reuters* Clearwire shareholders to vote on Sprint buyout May 21 * Investors holding 31 pct of minority shares against deal * Sprint under pressure to raise bid By Sinead Carew NEW YORK, May 17 (Reuters) - Minority shareholders of Clearwire Corp are...Tags: Verizon Communications, Bankruptcy, Shareholders, Elections, Bright House Networks
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Hunt for those at fault for Spain's bank crisis gains pace
ReutersMADRID (Reuters) - The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results. As Spaniards struggle with a...Tags: Banking, City National Corporation, Crimes, Madrid (Spain), Crime, Law and Justice
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Bankrupt Alabama county names new top lawyer
ReutersBy Verna Gates BIRMINGHAM, Ala., May 16 (Reuters) - Alabama's bankrupt Jefferson County on Thursday hired a new top, in-house attorney as officials put finishing touches on an exit plan meant to end America's biggest ever municipal bankruptcy. Carol Sue...Tags: Trials, Bankruptcy, Litigation
May 20, 2013
|Story| Reuters
May 19, 2013
|Story| Reuters
May 19, 2013
|Story| Reuters
May 19, 2013
|Column| Baltimore Sun
May 18, 2013
|Story| Herald Mail
May 19, 2013
|Story| Aberdeen News
May 16, 2013
|Blog| Cars.com
May 17, 2013
|Blog| Autoblog.com
May 17, 2013
|Story| Hartford Courant
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
May 16, 2013
|Story| Reuters
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