Bankrupt Companies

Latest News for: Bankrupt companies

Titanic artifacts heading to auction

Business Journal 20 Sep 2018

Thousands of artifacts from the Titanic are heading to a bankruptcy auction in October after more than a year of uncertainty, The Wall Street Journal reports. The more than 5,000 objects are owned by Atlanta-based Premier Exhibitions Inc., the bankrupt company behind the “Titanic” and “Bodies” traveling exhibitions ... That has contributed… ... ....

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Aston Martin unveils details of £5.1bn flotation

The Guardian 20 Sep 2018

James Bond’s favourite car marque has set a price range of £17.50 to £22.50 per share, which would value the company at £4.02bn to £5.07bn ... The flotation is one of only a few big IPOs ahead of the UK’s departure from the European Union next March, and will test investor appetite to back British companies. The IPO marks a remarkable turnaround for a business that has gone bankrupt seven times in its 105-year history....

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Pressure, politics of corporate governance

Joy Online 20 Sep 2018

The corporate governance framework should protect shareholders and facilitate their rights in the company ... Corporate governance became a pressing issue following the 2002 introduction of the Sarbanes-Oxley Act in the United States, which was ushered in to restore public confidence in companies and markets after accounting fraud bankrupted high-profile companies such as Enron and WorldCom....

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Burley scraps suggestion to put sanitation services out to bid

News-Press Now 19 Sep 2018

BURLEY — Burley residents next month will see an increase of $5.50 per month on their sanitation bill after the Burley council scrapped a proposal to delay the increase so the city could put the service out to bid with private garbage collection companies ... The companies would have also needed to provide a performance bond to safeguard the city in case the company went bankrupt....

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UC outsourcing shrinks distance from the administration it publicly denounces

Daily Bruin 19 Sep 2018

If Napolitano and the UC are sincere in these views, why is the University spending tens of millions of public dollars on the same low-wage, outsourcing companies that are helping Immigration and Customs Enforcement implement Trump’s morally bankrupt “zero tolerance” policy? ... ICE holds contracts with many of the same companies....

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FOMO Vs. FOJI: Greed Vs. Fear Revisited

Seeking Alpha 19 Sep 2018

Over your life as an investor, as long as you maintain a balanced and diversified approach, taking into account market, sector and company risk, the biggest risk you are exposed to is the one of missing a significant opportunity ... Now, a year later, let’s say one of your investment is up 200%, two companies went bankrupt and all 9 other companies are unchanged....

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Letter to the editor: Get real on benefits

Lawrence Journal World 18 Sep 2018

To the editor. ... (USA Today, Sept. 17) ... Benefits like these would bankrupt a smaller company ... The same is true for every major lifestyle decision ... Richard L. Warrick,. Lawrence ....

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Indiana firm revives Bergner's name online, with store openings possible

Pekin Daily Times 18 Sep 2018

PEORIA — The Bergner's name is back in business, but online only for now and with little indication whether the three Peoria-area department stores also will be revived.The bankrupt parent company Bon-Ton stores relaunched its associated nameplates as online retailers under new ownership ... ....

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Zacks Investment Ideas feature highlights: Tesla, Ford and General Motors

Yahoo Daily News 18 Sep 2018

Starting an automobile company from scratch is an enormously complicated endeavor ... Musk pointed out recently that there are only two American car companies that have never gone bankrupt – Ford and Tesla ... Even the most established companies have to improvise from time to time to improve their operations in the face of changing conditions, but no one has done as much of it in a short time the way Tesla has ... General Motors Company (GM) ....

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The Curious Case Of CalWest Bancorp

Seeking Alpha 18 Sep 2018

The company initially attracted our attention as a company located in an economically robust region which was driving earnings growth while maintaining an above average return on equity ... The company ultimately went essentially bankrupt by issuing 70 million shares (equivalent) at the end of 2015 for $14 million, thus massively diluting prior shareholders and leaving them with roughly 5% of the recapitalized company....

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The trucking industry is growing so fast that truck manufacturers are 'struggling' to keep up with new orders

Business Insider 17 Sep 2018

To keep up with demand, freight companies are buying trucks at an unusually rapid pace ... But manufacturers have been so flooded with orders in 2018 that freight companies are now waiting six months to receive new trucks ... Part of Huntington's $6.5 billion asset finance business includes lending to trucking companies to buy new trucks and equipment ... But less keen companies invest too much and often go bankrupt....

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Essar Steel: Arcelor withdraws letter listing Vedanta’s lapses

Live Mint 17 Sep 2018

Ltd has withdrawn its letter to the Essar Steel resolution professional (RP) wherein it had hinted that Vedanta may not be eligible to bid for the debt-laden company, given its patchy environmental and human rights record ... The Ruia family are the original promoters of Essar Steel and are disqualified from reclaiming their bankrupt company under Section 29A of the Insolvency and Bankruptcy Code....

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Newell Brands: Risk And Opportunity

Seeking Alpha 17 Sep 2018

The last time I saw a company in so much disharmony, it was Apple (NASDAQ.AAPL) and their naming schemes for the latest iPhones ... If you felt overwhelmed by all the things going on with the company, you are not alone ... Companies are incentivized to just borrow money to expand ... Whatever the reason those companies go bankrupt - who cares? Whatever that reason is, it does not change the fact that there is demand for Newell's products....

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