Bankrupt Companies

Latest News for: Bankrupt companies

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Conservationists to Montana regulators: Don't OK bankrupt company's coal mine expansion

Independent Record 10 Dec 2018

Conservationists are warning Montana regulators against permitting a 10-square-mile coal mine expansion in southeast Montana for bankrupt Westmoreland Coal Co ... The Colorado-based mining company has already notified a bankruptcy court that it will sell the mine at auction Jan 22....

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BMC okays UAE firm’s takeover of SevenHills Hospital

The Times of India 10 Dec 2018

... after the private company agreed to clear all pending dues of the Marol hospital and also reserve 20% of the beds for poor patients ... Some time ago, the hospital was declared bankrupt by the Hyderabad Bench of the National Company Law Tribunal for defaulting payment to creditors....

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New CEO looking to fashion a turnaround for Ferragamo

Irish Independent 10 Dec 2018

The company we are looking at this week is a good example of what happens when a leader is not around anymore ... The business prospered after WWII but when Salvatore died in 1960, his wife Wanda, then aged 38, was left with six young children and a near bankrupt company....

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Some Abil creditors will have to wait while others may never be paid

Business Day 10 Dec 2018

“I would caution against using past payments as an expectation ... These are creditors, usually banks and bondholders, who are first in line to be paid when a company is declared bankrupt or goes out of business for any other reason ... The company said it “may at its absolute discretion” pay over any collections when available to shareholders....

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Is Investing Premised on a Myth of Infinite Growth?

Lebanon Express 10 Dec 2018

When most of us buy a stock, we do so based on the idea that the company is going to get more valuable over time ... that this part of a company that I'm buying today will be worth more later than it is now. But isn't this idea based on the fallacy of infinite growth? It's impossible for a company to continually grow forever ... Some great companies....

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Tesla: The 60 Minutes Scare

Seeking Alpha 10 Dec 2018

The piece covered a lot of topics, from the Model 3's part in the company's near death, to the autopilot feature many consumers want to rely on ... Elon Musk talked in the interview about Tesla's "grand tent" that saved the company from going bankrupt by boosting Model 3 production substantially....

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It’s Hard to Overstate How Big a Deal the Huawei CFO’s Arrest Could Be

Time Magazine 10 Dec 2018

Meng contests that Huawei, which is poised to hit $100 billion of revenue in 2018, sold the company in question, Skycom, in 2009 ... Huawei’s reliance on IP-heavy American technology means Washington could bankrupt the firm by banning these companies from selling Huawei components (though at a significant financial penalty)....

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Kovel's antiques: Match holder

Observer-Reporter 10 Dec 2018

Antique shoppers must learn the vocabulary of collectibles to read catalogs, make online searches or understand words with double meanings like commode (dresser) and commode (toilet.) You also need to know that Wedgwood and Wedgewood are two unrelated, different companies ... Winterling went bankrupt in 2000....

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Wall Street Turns Bearish on Trump’s High-Beta Presidency

Vanity Fair 10 Dec 2018

a good thing ... But the markets had become frothy ... In all, this humbling shouldn’t elicit freakish panic. In some ways, this was all inevitable ... Those familiar with Trump’s pre-presidential career knew that he was a questionable business practitioner, a dubious trust-funder who had bankrupted at least four of his casino companies ... ....

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From counting muddles to collective cuddles: the art world's highs and lows of 2018

The Art Newspaper 10 Dec 2018

Early in the year a spate of forgeries and authentication cases damaged the market and in October the bankrupt Dubai company Abraaj was forced to sell its collection, with many pieces traded for much less than were paid for them a decade ago.Counting....

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Editorial: Alix's battle suggests some fixes

Crains Detroit Business 09 Dec 2018

The complaint? As Dustin Walsh and Sherri Welch chronicle in this story, that McKinsey failed to disclose to its clients that various arms of its business were working on both sides of bankruptcy cases — with some of its people advising the bankrupt company, and others advising its creditors....

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Jay Alix bankrolls dream team to take on consulting giant McKinsey

Crains Detroit Business 09 Dec 2018

In the multiyear legal battle, Alix has alleged McKinsey & Co. is skirting the U.S ... The U.S ... In two closed bankruptcy cases, Alix alleges McKinsey failed to disclose its dual roles, where it had been or was serving as an adviser to the bankrupt company's creditors while also working as the company's restructuring firm ... ....

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Domo: Not A Bankruptcy Risk After All

Seeking Alpha 09 Dec 2018

On a bleak day for the NASDAQ in which many SaaS stocks fell 5% or more, Domo (DOMO) was the sole bright patch - the beleaguered business intelligence (BI) application company soared 30% in its best one-day performance since its IPO, responding sharply to a strong Q3 earnings report ... The company is not without its risks, of course....