Bankruptcy

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RadioShack Could Be Delisted From NYSE

RadioShack Corp.'s (NYSE: RSH) stock has traded below $1 long enough that it has received notice from the New York Stock Exchange that its shares could be delisted. It would ...
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Why American Apparel May Go Bankrupt

American Apparel (NYSE: APP), already hammered by the dismissal of CEO and founder Dov Charney, may not meet the covenants of key loans which the retailer likely needs to keep ...
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Your Last and Final Warning on RadioShack

Going, going, gone! RadioShack Corp. (NYSE: RSH) has broken the buck. Shares traded under $1 on Friday. If you are a shareholder who is surprised about this, then about the ...
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Why RadioShack Needs to File for Bankruptcy Protection Now

RadioShack Corp. (NYSE: RSH) needs to immediately reflect upon its earnings report in June and admit that the situation is untenable. The company's sales trends and earnings have steadily deteriorated, ...
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RadioShack Speaker Wall

Fitch RadioShack Downgrade Warns of Debt Restructuring

RadioShack Corp. (NYSE: RSH) seems to keep going from worse to even worse. Now an Issuer Default Rating downgrade to CC from CCC from Fitch highlights nearly the worst risk ...
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Sears_store

What’s Left of Sears to Liquidate?

A former executive with Sears Holdings Corp. (NASDAQ: SHLD) said late last week that his former company should "embrace the inevitable" and liquidate. Steven P. Dennis was a vice president ...
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penny stack

Could RadioShack’s Stock Plunge to Zero?

RadioShack Corp. (NYSE: RSH) had planned to close 1,100 stores. Lenders including GE Capital blocked the plan and forced the company to cut back the number to 200. With a ...
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Kodak’s Former CEO Gets Double for Nothing

As a reward for Antonio Perez's outstanding performance as CEO of Eastman Kodak Co. (NYSE: KODK) last year, he received $6.71 million. Perez was named Kodak's CEO in 2005 and ...
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blue jeans

Coldwater Creek Bankruptcy Is Not a Canary in the Coal Mine

After failing to find a buyer, struggling women’s clothing retailer Coldwater Creek Inc. (NASDAQ: CWTR) has filed for Chapter 11 bankruptcy protection while it liquidates its stock and closes its ...
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coal train

James River Coal Files for Bankruptcy

The natural gas revolution claimed its first coal-mining victim after markets closed Monday night. James River Coal Co. (NASDAQ: JRCC) filed for Chapter 11 bankruptcy protection as it tries to ...
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biotech

Will Prana’s Implosion Go All the Way?

The first question anyone might ask if a stock falls from more than $9 to less than $2.50 is whether it already imploded? Prana Biotechnology Ltd. (NASDAQ: PRAN) has done ...
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Detroit

Detroit Could Lose Another 100,000 People

The population drain in Detroit likely has not reached a bottom. The Census put the figure at just above 701,000 in 2012 (USA Today put the number lower at 684,799). ...
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Will Its Bankruptcy Bail GM Out of Recall Liabilities?

General Motors Co. (NYSE: GM) has been taking it on the chin over its recalls. With congressional inquiries and investigations picking up, this would sound like it is really bad ...
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Cell Tower detail

Strategic Alternatives May Not Save NII Holdings

NII Holdings Inc. (NASDAQ: NIHD) is trying a Hail Mary pass. The troubled Latin American cellphone provider announced early on Monday that it has hired UBS Investment Bank to be ...
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Nuclear Power Plants

Uranium Enrichment Company Files for Bankruptcy, Stock Collapses

USEC Inc. (NYSE: USU) has struggled for years as it has tried to get its new U.S. uranium enrichment project funded and under construction. Last December it reached an agreement ...
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