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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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In Karoly will dispute, millions in administrative expenses
In the end, lawyers could end up with most of the money in the bitterly contested estates of Allentown medical malpractice attorney Peter Karoly and his wife, Dr. Lauren Angstadt. During six years of legal limbo, the estates have racked up $3.74...Tags: Crime, Law and Justice, Judges, Finance, Justice System, Economy, Business and Finance
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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: Agricultural Research and Technology, Electronics, Students, Environmental Issues, Companies and Corporations
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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: Assured Guaranty Limited, Bonds, General Motors Corp., Insurance, Career and Workplace
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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: Elections, Robert L. Ehrlich Jr., Interior Policy, California Public Employees' Retirement System, Health and Safety at Work
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Ghosts of incinerator bond deal haunt Harrisburg election
Reuters* Democratic Party primary is on Tuesday * City is poster child for mismanaged public finances By Hilary Russ May 19 (Reuters) - In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the...Tags: Local Government, Bonds, Career and Workplace, Health Insurance Cost, Elections
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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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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: Bridgeport (Fairfield, Connecticut), Work Relations, Career and Workplace, Interior Policy, Chris Shays
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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: Companies and Corporations, Elections, North American International Auto Show, Fiat, Bankruptcy
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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... -
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: Employment Opportunities, Companies and Corporations, Career and Workplace, Golf, Sports
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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: Bright House Networks, AT&T Corp., Companies and Corporations, Shareholders, Elections
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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: Crimes, City National Corporation, Embezzlement, Prisons, Banking
May 20, 2013
|Story| Allentown Morning Call
May 20, 2013
|Story| Reuters
May 19, 2013
|Story| Reuters
May 19, 2013
|Column| Baltimore Sun
May 19, 2013
|Story| Reuters
May 19, 2013
|Story| Aberdeen News
May 17, 2013
|Story| Hartford Courant
May 16, 2013
|Blog| Cars.com
May 17, 2013
|Blog| Autoblog.com
May 18, 2013
|Story| Herald Mail
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| Reuters
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