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Posts related to ‘Bankruptcy’

Alternative Energy sources

Suntech Defaults on Bond Payment

Posted: March 18, 2013 at 7:35 am

As expected, Suntech Power Holdings Co. Ltd. (NYSE: STP) failed to make a required $541 million bond repayment scheduled for last Friday. The company claimed last week to have reached ...
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penny stack

S&P Gives Detroit a Boost

Posted: March 15, 2013 at 1:52 pm

Standard & Poor’s Ratings Services today revised upward its outlook on the city of Detroit’s general obligation bonds, from ‘negative’ to ‘stable. The ratings upgrade affects the city’s unlimited- and ...
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Alternative Energy sources

The Coming End of Suntech

Posted: March 14, 2013 at 8:40 am

Chinese solar panel maker Suntech Power Holdings Co. Ltd. (NYSE: STP) announced earlier this week that it will close its plant in Arizona on April 3, costing 43 employees their ...
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USPS Sorting Center

How Did the U.S. Postal Service Actually Add 4,500 Jobs in February?

Posted: March 9, 2013 at 8:37 am

There are always some interesting factoids in various industries and sectors in each monthly breakdown of the Employment Situation from the Bureau of Labor Statistics. Friday's BLS report was a ...
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thumbs up

A Rare Upgrade of MGIC — Simply Magic

Posted: March 8, 2013 at 11:55 am

MGIC Investment Corp. (NYSE: MTG) recovered handily this week, but profit taking and a dilutive $1.1 billion capital raise have put the brakes on in this troubled turnaround. So it ...
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Money, US, $100 bills

Strong Household Net Worth Gains, Led by Houses and Financial Assets

Posted: March 7, 2013 at 12:33 pm

A report from the Federal Reserve is signaling that U.S. households have seen a substantial rise in their net worth. With the recession not being too long ago and with ...
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Stock Split Image

Back in the Barrel: AIG Investing in Mortgages

Posted: March 6, 2013 at 11:05 am

If you don't know the old punchline, "Hey, It's your turn in the barrel today!" you might not fully understand how badly we view the news out of American International ...
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penny stack

Detroit on the Brink

Posted: February 28, 2013 at 2:29 pm

Detroit Mayor Dave Bing has told a press conference today that Michigan Governor Rick Snyder will announce tomorrow his decision on hiring an emergency financial manager for the city. Bing ...
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bank vault

The Seven Safest Banks in America for 2013

Posted: February 26, 2013 at 5:01 am

The U.S. banking sector is looking better in 2013 than it did in 2012, 2011 and so on. Balance sheets, credit metrics and underlying asset values continue to recover. Still, ...
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NY storm

Beyond Meredith Whitney — More Negative Muni Trends Expected in 2013

Posted: February 21, 2013 at 11:50 am

Meredith Whitney was applauded for her call about the impending doom of the banking sector ahead of the recession, but she has been criticized ever since her call for billions ...
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magazines

Reader’s Digest Bankruptcy: The Latest Print Media Woe

Posted: February 19, 2013 at 7:00 am

Print journalism had a bad few days. The Reader's Digest filed for Chapter 11 for the second time in three years, with $1.1 billion in assets and $1.2 billion in ...
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Solar rooftop installation

Solar Parts Maker Satcon to Liquidate

Posted: February 5, 2013 at 12:45 pm

Satcon Technology Corp., maker of a critical solar panel component called an inverter, filed for bankruptcy protection last October, but the company couldn’t find a buyer and has announced today ...
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twinkies

Hostess Close to Deal for Twinkies

Posted: January 29, 2013 at 12:16 pm

A deal worth more than $400 million may be on the table as soon as tomorrow for Hostess Twinkies and other of the bankrupt Hostess Brands Inc.’s popular snack food ...
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Satellite TV

Dish Network to Close More Blockbuster Stores

Posted: January 22, 2013 at 7:46 am

When Dish Network Inc. (NASDAQ: DISH) acquired bankrupt Blockbuster nearly two years ago, the company said that the 1,700 Blockbuster stores that were part of the deal would “complement our ...
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twinkies

Hostess Brands Go on the Auction Block

Posted: January 7, 2013 at 6:50 am

Hostess may be dead, but its popular brands are not. Several other food companies believe they can make money on the Hostess asset base, and the auction process to sell ...
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