GO
Loading...

Bankruptcy

More

  • Stocks Log Fourth Straight Down Week Friday, 10 Jul 2009 | 8:07 PM ET

    Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • GM CEO Henderson Says New GM Must Succeed Friday, 10 Jul 2009 | 4:44 PM ET
    Fritz Henderson

    GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.

  • Chevron Drags on Dow; Techs Turn Mixed Friday, 10 Jul 2009 | 1:07 PM ET

    Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.

  • GM CFO Young: No Positive Cash Flow Until 2010 Friday, 10 Jul 2009 | 1:00 PM ET

    On the day GM emerged from bankruptcy, company CFO Ray Young told CNBC Friday that the new GM won't be seeing real cash flow until sometime in 2010.

  • A Muscle Car to the Rescue for General Motors Friday, 10 Jul 2009 | 11:04 AM ET
    2010 Chevy Camaro

    Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s  new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.

  • Stocks Open Lower After Chevron Warning Friday, 10 Jul 2009 | 10:11 AM ET

    Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.

  • What's Behind This Morning's Weakness Friday, 10 Jul 2009 | 9:31 AM ET

    Just off the lows of the day, futures point to a slightly lower open on this last trading day of the week. The markets are on pace for their fourth straight week of declines – their longest losing streak since February/March.

  • Futures Lower; Chevron Adds to Market Gloom Friday, 10 Jul 2009 | 9:15 AM ET

    Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.

  • New GM Emerges in One of Worst Sales Slumps Ever Friday, 10 Jul 2009 | 8:49 AM ET
    GM auto dealership with sign.

    Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt but faces a daunting task as car sales are in the worst slump in 25 years.

  • With Sale of Good Assets, GM Out of Bankruptcy Friday, 10 Jul 2009 | 8:19 AM ET
    GM logo, General Motors logo

    General Motors completed a major step in its turnaround and closed the sale of its good assets to a new, government-backed carmaker, at a speed unimagined by auto and bankruptcy experts.

  • Lenny Dykstra: 'Bank Fraud' Led to Bankruptcy Thursday, 9 Jul 2009 | 6:44 PM ET

    Lenny Dykstra sat down with CNBC at his $24 million hilltop estate behind the gates of Sherwood Country Club.

  • GM Road To Leave Bankruptcy Cleared by Judge Thursday, 9 Jul 2009 | 3:00 PM ET
    First page of the US bankruptcy filing for General Motors Corporation

    The path is now clear for General Motors to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

  • Lenny Dykstra - What Went Wrong? Thursday, 9 Jul 2009 | 11:41 AM ET
    Lenny Dykstra's $24 million mansion in Sherwood Country Club.

    I am at Lenny Dykstra's $24 million mansion in Sherwood Country Club, where I snapped some photos. Dykstra is here and preparing to be interviewed by me about his Chapter 11 bankruptcy filing this week, which stopped a planned foreclosure of his estate.

  • Judge Denies Motion to Fast-Track GM Sale Appeal Wednesday, 8 Jul 2009 | 10:27 AM ET
    First page of the US bankruptcy filing for General Motors Corporation

    The sale of most of General Motors' assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.

  • Automakers’ Swift Cases in Bankruptcy Shock Experts Tuesday, 7 Jul 2009 | 11:09 AM ET
    GM and Chrysler bankruptcy

    In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago.

  • GM's Sale Plan Approved; Appeal Likely Over Ruling Monday, 6 Jul 2009 | 11:26 AM ET
    First page of the US bankruptcy filing for General Motors Corporation

    A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.

  • GM A Step Closer To Exiting Bankruptcy Monday, 6 Jul 2009 | 9:28 AM ET
    GM logo, General Motors logo

    If all goes as planned and GM comes out of bankruptcy Thursday afternoon the country's largest auto maker will have gone in and out of Chapter 11 in 40 days.

  • Plan to Sell General Motors' Assets Is Approved Monday, 6 Jul 2009 | 12:41 AM ET
    GM Dealership

    A federal judge late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.

  • Many With Insurance Still Bankrupted by Health Crises Wednesday, 1 Jul 2009 | 8:12 AM ET

    Health insurance is supposed to offer protection — both medically and financially. But as it turns out, an estimated three-quarters of people who are pushed into personal bankruptcy by medical problems actually had insurance when they got sick or were injured.

  • Can Iceland Be Saved? Tuesday, 30 Jun 2009 | 11:29 AM ET
    Iceland Flag

    What Iceland has to do to save itself.