Bankrupt Companies

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Belgian company buys assets of Ormond Beach-based IPS Worldwide; No answers yet on $100M+ in ...

Daytona Beach News-Journal 15 Jul 2019

ORMOND BEACH — A Belgian freight-payment services company has paid $2.3 million to purchase the assets of bankrupt Ormond Beach-based IPS Worldwide LLC.IPS is a third-party provider of freight payment services that owes creditors more than $100 million, according ......

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Cloud Peak Energy hires laid-off miners from Blackjewel

Star Telegram 15 Jul 2019

Dozens of coal miners who were put out of work by Blackjewel's bankruptcy have been hired by another bankrupt mining company in Wyoming, company officials said. Cloud Peak Energy officials ... ....

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At least 2,500 truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds — here's the full list of bankrupt trucking companies

Business Insider 15 Jul 2019

Wilburn bought his semi-truck four years ago after years of working as a company truck driver ... Here are the trucking companies that have gone bankrupt in 2019, and how many truckers who are now out of a job. We used the Federal Motor Carrier Safety Administration's company snapshot ......

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At least 2,500 truck drivers have lost their jobs in 2019 as the transportation 'bloodbath' unfolds - here's the full list of bankrupt trucking companies

The Times of India 15 Jul 2019

Here are the trucking companies that have gone bankrupt in 2019, and how many truckers who are now out of a job. We used the Federal Motor Carrier Safety Administration's company snapshot tool to measure how many truck drivers worked at each company ... Effective June 26, Anderson, Indiana-based trucking company A.L.A....

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LS Power will not expand Ohio gas plant if state subsidizes nuclear power

Canada Dot Com 15 Jul 2019

U.S. electric generator LS Power said on. Monday it would be forced to terminate development of an. expansion of its Troy gas-fired power plant in Ohio if the state ... Perry ... FirstEnergy Solutions is a bankrupt unit of Ohio power. company FirstEnergy Corp ... unique to Ohio ... Representatives in May ... The company said it wants a nuclear bill by July 17 when the....

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8 things to know about your 401(k) when changing jobs

Finger Lakes Times 15 Jul 2019

Did you borrow any money from your 401(k)? If you're leaving the company, voluntarily or otherwise, it's now due in full ... _Move the money to your new company's plan ... _If you have company stock, move the stock to a brokerage account while putting the rest into another retirement account ... Fifteen years later, the company had gone bankrupt....

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De-Dollarizing the American Financial Empire

CounterPunch 15 Jul 2019

Workers drive cabs and work in the service industry or for medical insurance companies ... They should let a lot of their companies go bankrupt so that Americans can buy them ... Either it can let companies go bankrupt and be sold at a low price to some buyer, mainly an American; or, it can wipe the bad debts off the books....

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The Media Uses Coal Miners to Attack the Green New Deal While Ignoring Pensions

truthout 15 Jul 2019

Anna Attie, Eleanor Colbert and Daniel Fernandez contributed research to this report. To stave off the worst effects of the climate crisis, at least 80 percent of coal reserves must stay in the ground, according to a conservative estimate in the journal Nature ... It also rescues the healthcare benefits of miners whose companies went bankrupt last year....

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Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power and Steel

Financial Express 14 Jul 2019

Last week, PNB reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company by misappropriating funds and manipulating its books of accounts ... ....

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Allahabad Bank reports Rs 1,775 crore fraud by Bhushan Power & Steel

DNA India 14 Jul 2019

Last week, PNB reported a fraud worth Rs 3,805.15 crore by the bankrupt steel company BPSL by misappropriating bank funds and manipulating its books of accounts. Around 85% of PNB's Rs 4,399 crore exposure to the company had been siphoned off ... The agency said that the company ......

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Italy nears rescue plan for Alitalia

The Japan News 14 Jul 2019

BloombergROME (Bloomberg) — Italy’s government is nearing a rescue package for bankrupt Alitalia that could see U.S ... boost its stake in a new company from an initial minority holding, according to people familiar with the talks ... But the company may not come up with a definitive bid that day as Atlantia only made its interest known on Thursday....

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‘Going to court is like going to a graveyard’: A day in the life of ...

Indian Express 14 Jul 2019

Today, it is functioning as a courtroom of the National Company Law Tribunal (NCLT), Mumbai ... Apart from bankruptcy cases, the NCLT also hears matters such as allegations of oppression and mismanagement against companies ... She says the company owes her ... National Company Law Tribunal....

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Allahabad Bank reports ₹1,775 crore fraud by BPSL

The Hindu 13 Jul 2019

Last week, PNB reported a fraud worth ₹3,805.15 crore by the bankrupt steel company by misappropriating bank funds and manipulating its books of accounts. Around 85% of PNB’s ₹4,399 crore exposure to the company had been siphoned off....