Bankrupt Companies

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Wednesday, 12 August 2020

Latest News for: Bankrupt companies

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Small businesses are dying by the thousands – and no one is tracking the carnage

Daily Bulletin 12 Aug 2020

Big >companies are going bankrupt at a record pace, but that’s only part of the carnage ... “I felt it better to close with some money in the account and not have to worry about bankrupting the business,” said Bacon, 35 ... For smaller companies, though, the extra time might not make any difference....

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U.S. corporate bankruptcies on pace to hit 10-year high amid pandemic: S&P Global

People Daily 12 Aug 2020

While bankruptcies have impacted a wide range of sectors amid the pandemic, consumer-focused industries were disproportionately hurt, with more than 100 companies going bankrupt, the report showed ... S&P Global Market Intelligence's analysis includes public companies with at least 2 million U.S....

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The Public Pulse: Masks' importance; Risk-averse schools; Proper police training

Omaha World-Herald 12 Aug 2020

Masks’ great importance. In line in a store, I overheard a person saying,’’Well, I’m not going to wear a mask. They are uncomfortable. If people are afraid of me, they can just stay away.’’. I guess I’m proud to wear a mask ... Like Mr ... Clark R ... The loss of millions of jobs and bankrupt companies highlights the problem of health insurance tied to employment....

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Small firms die quietly, leaving thousands of failures Uncounted

Finger Lakes Times 11 Aug 2020

Big >companies are going bankrupt at a record pace, but that's only part of the carnage ... "I felt it better to close with some money in the account and not have to worry about bankrupting the business," said Bacon, 35.While large companies are seeking court protection at a record ......

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Another brick in the wall against banking frauds

Live Mint 11 Aug 2020

A company that has borrowed from a bank cannot open a current account with another bank ... We need to look at RBI’s current account circular as just one more piece in the overall matrix of a move to reduce the misuse of the banking system so that promoters remain very rich and companies go bankrupt, bankrupting banks along with them....

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US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic continues ...

Business Insider 11 Aug 2020

This year, 424 companies have gone bankrupt through August 9, surpassing the number of filings during any period since 2010, according to the report. Consumer-focused companies such as retail have been hit particularly hard — 100 companies in the sector have filed for bankruptcy this year, S&P Global reported....

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Hertz Sold $29 Million in Stock Before SEC Stepped In

Wall Street Journal 11 Aug 2020

... stock before regulators dissuaded the bankrupt rental-car company from selling more....

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Hertz sold $29 million in stock before SEC acted

Market Watch 11 Aug 2020

raised $29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental-car company from selling more ... Hertz suspended the stock sale after the Securities and Exchange Commission raised questions, but not before issuing 13.9 million shares, netting $29 million, according to a securities filing by the company on Monday....

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Adani Ports reports 26% fall in net profit in Q1 on lower cargo volumes

Live Mint 11 Aug 2020

The company said that in the second quarter, there has been a steady increase in cargo throughput across from July ... Its other acquisition of bankrupt Dighi Port is awaiting approval from the Maharashtra Maritime Board and the company expects to close the transaction by September-end, after which it will invest ₹100 crore to restart port operations....

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Report: Tax incentives cost taxpayers an average of $600,000 annually per job

Iosco County News Herald 11 Aug 2020

For years, groups have argued whether luring companies using taxpayer money through tax breaks pays off in the long run ... Companies provided tax incentives include such failures as film studio Hangar 42 and battery company A123 Systems, which both went bankrupt, not delivering on promises of good jobs....

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Swiss Investor Takes on China in Bid to Reboot EU Solar Industry

Canada Dot Com 11 Aug 2020

(Bloomberg) — A Swiss company is buying up cheap solar assets in a move to reclaim a key link in Europe’s renewable energy supply chain from China ... The company bought the stock and patents of Germany’s bankrupt Solarworld AG and rented a factory south of Berlin to build the solar modules....

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Swiss investor takes on China by buying solar assets to secure EU supply

Business Day 11 Aug 2020

Bonn — A Swiss company is buying up cheap solar assets in a move to reclaim a key link in Europe’s renewable energy supply chain from China ... The company bought the stock and patents of Germany’s bankrupt SolarWorld and rented a factory south of Berlin to build the solar modules....

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Shoemaker column: Soon enough it will be my last hike

Fowler Tribune 11 Aug 2020

Tuesday. Aug 11, 2020 at 7.45 AM Aug 11, 2020 at 7.45 AM. Columns share an author’s personal perspective. *****. It was blue sky and 90 degrees but dry when I darted off the trailhead for my routine two-hour hike ... Companies get bought and sold, rightsized and downsized, go bankrupt, and those that prosper get eaten up by larger companies ... ....