GO
Loading...

Business Failures

More

  • NEW YORK, Aug 15- Unsecured creditors of Lehman Brothers Holdings Inc's brokerage unit who have waited nearly five years to recoup their money will begin receiving an initial $4.62 billion payout next month, the trustee liquidating the unit said on Friday.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • World oil prices have rapidly erased a geopolitical risk premium that had been pushing prices up since April, and selling has accelerated in recent days as traders shift their focus from violence in Iraq and Libya to weak global fundamentals.

  • London, July 14- Copper dipped and zinc retreated from its highest levels in almost three years on Monday as investors worried that prices may have overshot after recent gains. Copper had gained 9 percent from mid-June to July 8, when it touched a 4-1/ 2 month high. Benchmark copper on the London Metal Exchange shed 0.4 percent to $7,127.75 a tonne by 1418 GMT.

  • Crumbs shows risks of being a one-hit wonder Wednesday, 9 Jul 2014 | 6:24 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.

  • NEW YORK, July 8- Brent crude fell for its seventh straight session, hitting a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.

  • LONDON, July 8- Brent crude fell to a one-month low below $110 a barrel on Tuesday on improved prospects for a rise in Libyan oil exports and easing fears of supply disruption in Iraq.

  • UPDATE 1-Madoff trustee dealt fresh legal setback Monday, 7 Jul 2014 | 12:45 PM ET

    NEW YORK, July 7- A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States.

  • The answer will determine what is left for Genco shareholders after its lenders and other creditors are repaid. Financial advisers at Blackstone, which was retained by Genco to value the company, argued the shipper was worth between $1.36 billion and $1.44 billion based on the market value of its ships and other assets.

  • *Rubber stocks at Qingdao port fall more than 9 pct from May peak-sources. SINGAPORE, June 24- Rubber stocks in bonded warehouses in China's Qingdao port have fallen about a tenth from a peak in May, partly on reduced demand for the commodity as a loan collateral after a fraud investigation at the port, industry sources said.

  • *Standard Chartered suspends some metals financing-sources. *Shanghai premiums fall $10 to $95- $115- Shmet. Copper dipped after a bank suspended some metals financing due to a Chinese port investigation, prompting worries the probe may lead to liquidation of finance deals.

  • June 4- Texas power giant Energy Future Holdings will square off against creditors in bankruptcy court on Thursday over a key question: will borrowing billions of dollars prop up the business or deepen its insolvency?

  • WILMINGTON, Del, May 12- Judges in Wilmington, Delaware, and Toronto jointly kicked off a novel cross-border trial on Monday to divvy up the $7.3 billion that was raised in the liquidation of once-mighty telecoms equipment maker Nortel Networks, which went bust in 2009..

  • April 29- Winthrop Realty Trust said its trustees adopted a liquidation plan for the company that could fetch at least $13.80 per share. A meeting with shareholders for approval of the plan would be held before August and liquidation will be completed within two years, the Boston- based real estate investment trust said in a statement.

  • April 29- CIT Group Inc's quarterly profit fell by a third as the small-business lender earned lower interest on loans. The lender's net income fell to $109.1 million, or 55 cents per share, in the first quarter ended March 31, from $162.6 million, or 81 cents per share, a year earlier.

  • UPDATE 1-Energy Future files for bankruptcy Tuesday, 29 Apr 2014 | 7:11 AM ET

    April 29- Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.

  • NEW YORK, April 25- Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • NEW YORK, April 25- Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • NEW YORK, April 25- Leading Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • Top L.A. bankruptcy law firm to close doors Tuesday, 22 Apr 2014 | 5:16 PM ET

    April 22,- The well-known Los Angeles- based bankruptcy law firm Stutman Treister& Glatt, which once advised on the Chapter 11 proceedings of companies including Lehman Brothers and Enron Corp, has announced it is closing.