Topic: Company Bankruptcies

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Before Stockton: five other big financial crises for US municipalities

Here's a look at some of the most notable financial collapses and near-collapses for US municipalities over the years.
Clint Eastwood Chrysler Super bowl commercial: Facebook fans respond

If you didn’t see it aired on TV during halftime of the Super bowl Sunday, you’ve likely heard about it by now: The Clint Eastwood Chrysler commercial. Amid all the debate on the ad's perceived political stance, we took this question to our Facebook fans: After watching this video, do you think Chrysler came out with a pro-Obama commercial, or a patriotic commercial? We’ve culled their 127 comments and grouped the best here.
Five Senate races to watch

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Oreck bankruptcy: Financial mess for vacuum maker (+video)

Oreck bankruptcy follows two layoffs in the last seven months. Tennessee vacuum maker expects to continue operations despite the Oreck bankruptcy.
Energy Voices Wholesale power: bankruptcies and lessons

The possible bankruptcy of Energy Future Holdings shows how tough it is to make profits in wholesale power – or finance new coal plants. The fracking revolution is reshaping the energy landscape.
Casey Anthony bankruptcy: How much does she owe?

Casey Anthony says she has only $1,000 in assets, and owes creditors almost $800,000. Casey Anthony meets with creditors on Monday.
New casino bankrupt: There goes Atlantic City? (+video)

New Jersey's newest casino is declaring bankruptcy. If the structured settlement works as planned, it will erase about two-thirds of its $1.5 billion in debt.
Twinkies back in business? Hostess picks a bidder (+video)

Twinkies may be back in business soon. Bankrupt parent company Hostess has agreed to terms with two investment firms, which will buy the Twinkies brand and five bakeries for about $410 million.
Casey Anthony files for bankruptcy, owes thousands in attorney fees

Casey Anthony, the woman found innocent of killing her 2-year-old daughter in 2011, has filed for bankruptcy in Florida. Anthony owes hundreds of thousands in attorney fees and court costs.
Energy Voices Edison Mission Energy files for bankruptcy. Is natural gas to blame?

Edison International's Edison Mission Energy filed for Chapter 11 bankruptcy protection Monday. Edison Mission's financial woes reflect the obstacles coal faces in a market increasingly dominated by cheap natural gas and a shift towards renewables.
Hostess, union to give mediation one last try. Can Twinkies be saved? (+video)

A judge asks Twinkies maker Hostess and union lawyers to participate in mediation Tuesday to resolve their differences. If they fail, bankruptcy motions will resume Wednesday and 18,000 jobs will be lost.
Twinkies may survive? Yes, if there's a buyer. (+video)

Twinkies may survive the Hostess Brands bankruptcy, the company says. Twinkies, the cream-filled golden spongecakes, already have piqued the interest of a few companies. Twinkies alone brought in $68 million for Hostess so far this year.
Hostess Brands strike puts Twinkies maker in jeopardy (+video)

Hostess Brands factory workers nationwide are on strike, protesting a contract that would cut wages and drastically reduce benefits. Hostess Brands warned in a statement last week that a widespread strike would prompt the company to liquidate and lay off the bulk of its workforce.
In Gear Bankrupt American Suzuki to stop selling cars in US

American Suzuki says it will stop selling cars in the United States as part of its bankruptcy reorganization. American Suzuki points to poor sales, exchange rates, and high regulatory costs for its decision to stop selling cars in the US.
American Airlines will hire 2,500 pilots

American Airlines expects to hire 2,500 over the next five years as it ramps up international flights, the company said Wednesday. American Airlines currently has 8,000 active pilots.
In Gear A123 electric car battery plants to be bought by Johnson Controls

In addition to the $125 million acquisition, Johnson Controls will provide A123 Systems with $72.5 million to continue its operations at those two battery facilities, Gordon-Bloomfield writes.
Energy Voices A123 Systems follows Solyndra into bankruptcy. New debating point for Romney?

High-tech battery-maker A123 Systems, which under Obama got $250 million in federal energy grants, filed for bankruptcy Tuesday. Mitt Romney may look to capitalize in future presidential debates, but he'll need to tread carefully.
High earnings, low inflation propel stocks upward

Low inflation and decent earnings reports sent stocks upward Tuesday. Stocks in nine out of 10 industry groups in the S&P 500 index rose.
American Airlines: Loose seats prompt emergency landing, investigation (+video)

American Airlines is being investigated by the Federal Aviation Administration following two incidents in which passenger seats came loose midflight on American Airlines planes in the last three days. The loose seats caused one flight to make an emergency landing in New York.
American Airlines: Let's talk. Pilots: Put it in writing.

Although American officials say they want to resume contract talks, its pilots are taking a wait-and-see approach. Bankruptcy has allowed American to change pilots' pay and work rules, but since then more of its flights have been canceled.
Eastman Kodak postpones bankruptcy auction on patents

Eastman Kodak Co. canceled an auction hearing to sell more than 1,000 patents in an effort to emerge from bankruptcy protection. In a court filing Friday, Eastman Kodak Co. said it won't keep rescheduling the auction.
Before Stockton: five other big financial crises for US municipalities

Here's a look at some of the most notable financial collapses and near-collapses for US municipalities over the years.
Why San Bernardino, and two other California cities, are going bankrupt (+video)

San Bernardino, Stockton, and Mammoth Lakes have all chosen the path of bankruptcy in the last two weeks. What's going on?
The Reformed Broker SEC won't take action against Lehman Brothers

The SEC will likely not seek action against the Lehman for the events that led up to the firm's massive bankruptcy in 2008.
Houghton Mifflin Harcourt files for bankruptcy

Houghton Mifflin Harcourt, the book publishing giant, has filed for bankruptcy protection to eliminate $3.1 billion in debt. Houghton Mifflin Harcourt had been struggling with heavy debt for years.
LightSquared, bankrupt, still aims to launch wireless network

LightSquared has filed for bankruptcy protection, saying that will give it more time to win regulatory approval. Regulators have blocked LightSquared's plans, saying they could interfere with GPS signals.
Hostess Brands battles labor unions in bankruptcy court

Hostess Brands, which makes Twinkies, is asking a federal bankruptcy court to throw out union contracts for its workers, a move that would prompt union members to strike. Hostess Brands filed for bankruptcy protection earlier this year.
Bankruptcy for TaxMasters, an IRS foe

Bankruptcy filing by TaxMasters puts focus on its aggressive ads. The Houston firm filed for bankruptcy after Texas' attorney general sued it for misleading advertising, .