Bankrupt Companies

Latest News for: Bankrupt companies

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Opioid executive admits to ‘no morals’ ahead of prison term

The Irish Times 25 Jan 2020

As the US reels from an opioid crisis that has turned 2m Americans into addicts, according to the Centers for Disease Control and Prevention, Insys and Purdue Pharma - a company owned by members of the billionaire Sackler family, which makes OxyContin - have both gone bankrupt under the weight of legal liabilities....

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Japan: Suspected $700,000 Bitcoin Thieves Nabbed by Tokyo Police

BTC Manager 24 Jan 2020

Reports are claiming that one of the suspects intended to bankrupt the company as he had become ......

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Patanjali says will close FY20 with a turnover of ₹25,000 crore

Live Mint 24 Jan 2020

Patanjali Ayurved Ltd on Friday said it expects to close the current financial year with a combined turnover of ₹25,000 crore, after it acquired bankrupt Ruchi Soya late last year. The Baba Ramdev-led company said the company was also in the ......

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Kentucky officials worry bankrupt mines may abandon cleanup

Waco Tribune-Herald 24 Jan 2020

LEXINGTON, Ky. (AP) — Kentucky officials are concerned that two bankrupt coal companies could abandon their environmental obligations ... Blackjewel made national headlines last year when the company suddenly laid off hundreds of miners and failed to pay them for past work ... The company eventually paid the workers ... .......

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Celadon Reaches Deal to Sell Taylor Express for $14.5 Million

TT News 24 Jan 2020

An agreement has been reached to sell the last remaining operating trucking company, Taylor Express, that is part of the now-bankrupt Celadon Group of Indianapolis ... ....

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Letter: Community service should be good enough

The Buffalo News 24 Jan 2020

By Staff. Published Fri, Jan 24, 2020. The dark clouds have blown away. Bluebirds and butterflies fill the skies. The Earth is at peace. Chris Collins has been punished ... They still want a pound of his flesh ... They tried to dump losing shares of a company going bankrupt ... Over his career Collins started several companies, giving jobs to many people ... ....

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Bitcoin Thieves Arrested in Japan for Pilfering $700k in BTC

Bitcoinist 24 Jan 2020

The small market operator closed in late 2019, after accruing losses due to the bear market ... The Bitcoin withdrawals harmed the already failing exchange operator, and Onitsuka wanted to additionally protest against the company’s management. Sources have suggested Onitsuka wanted to bankrupt the company for internal struggle and disagreements ... ....

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Japanese Suspects Linked to Hack of local Crypto Exchange Arrested

Inside Bitcoins 24 Jan 2020

A Devastating Hack ... As Japan Times reported, sources had confirmed that he had issues with the management, and wanted to bankrupt the company as a means of getting back at them ... The next day, all services had been halted, and Remixpoint- the exchange’s parent company- finally confirmed the worst. Japan Can’t Escape Hack Reports ... .......

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Davos: How privacy, environment themes impact markets

Business Line 24 Jan 2020

The government is destroying existing telecom companies, insisting on sharing of revenue on a gross basis, which is likely to lead to companies such as Vodafone-Idea going bankrupt ... Its exit will send a wrong signal to companies wanting to make direct investments in India ... The push for GDP growth comes from corporate owners of listed companies ... .......

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Shock and Awe: Bitcoin Losing Momentum Could Result in Elliot Wave Correction to $1,000

Helena Bitcoin Mining 24 Jan 2020

Psychology of a Market Cycle ... Elliott Wave Theory Suggests Bitcoin May Be Due For Biggest Correction Yet A fall to $1,000 would cause extreme shock and awe across the crypto industry, and could even cause many companies to go bankrupt or fold as a result ... ....

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Hilco’s $240 million bid for Philly refinery wasn’t the highest offer, aggrieved creditors say

Philadelphia Daily News 23 Jan 2020

A rival company bid $25 million more than Hilco Redevelopment Partners for the bankrupt Philadelphia Energy Solutions refinery complex, the committee of unsecured creditors said in a court filing Thursday, urging its members to reject the reorganization plan ... Chicago developer Hilco’s $240 million bid wins auction for bankrupt Philadelphia refinery....

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Fire breaks out during test of Firefly Aerospace’s rocket in Texas

The Verge 23 Jan 2020

Firefly Aerospace is the resurrected version of Firefly Space Systems , a small satellite launch company in Texas that went bankrupt in 2016 following the Brexit referendum....

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