t fundamentally undermine their argument,” he says. “There are limits to how much debt a country can run. Some go bankrupt with debt at 60% of GDP; others can go up to 200% or 300%. But we don’t know where that point is — it depends on a
(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.
May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance...
Otelco ( OTT +25% ) finished higher today after the company said it has emerged from its " prepackaged " Chapter 11 bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility. The restructuring
By Verge Of Bankruptcy : What a difference 6 months makes! Not long ago, AMR Corporation ( AAMRQ.PK ), parent company of American Airlines, was
DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy , people familiar with the matter said this week.
Now, I do not believe in making predictions. I am not trying to predict the exact date when a particular company will go bankrupt or when its stock price will crash. I am also not trying to predict which remote event will cause this crash. Predicting
(Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business.
CEO. Mr. Questrom served as CEO during the years 2000 to 2004. During his term at J.C. Penney, he is given credit for saving J.C. Penney from bankruptcy . Mike Ullman had retired from the retail industry before Complete Story »
(Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.