Bankruptcy

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Financial Security Hits All-Time High, While Many Still Struggle With Debt

There is some mixed news today on the state of the average American’s financial situation. Some might say this is a glass half-full versus half-empty argument. Most Americans have solid emergency ...
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RadioShack Speaker Wall

Sprint Gets to Double Its Store Count in RadioShack Bankruptcy Deal

It is finally official. RadioShack has filed for bankruptcy. This may be a sad day in retail, but if you have been a reader of 24/7 Wall St. for very ...
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NYSE Suspends RadioShack Trading, Who Will Buy Its Locations?

As bond holders and investment bankers pick over the bones of RadioShack, the company has received one last insult. The decades-old retailer, once on the foundations of consumer electronics retail, ...
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RadioShack Logo

The End May Be in Sight for RadioShack

RadioShack Corp. (NYSE: RSH) is reportedly in discussions with Sprint Corp. (NYSE: S) about a bankruptcy deal that would have Sprint acquire about half of RadioShack’s store leases. The rest ...
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Crumbling Greek flag with euro

Politics and Uncertainty Take NBG Under $1 and Pound the Greek ETF

There is yet one more bit of evidence that financial markets and investors do not like socialist regimes and the chance of defaults. The leftist Syriza Party won Greece's most ...
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Life Ring

Is a Bloom Lake Restructuring Good or Bad for Cliffs?

Cliffs Natural Resources Inc. (NYSE: CLF) announced that it, Bloom Lake General Partner Ltd., as well as some affiliates had commenced restructuring proceedings in Canada under the Companies’ Creditors Arrangement ...
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Bankruptcy

RadioShack Stock Moves Toward Zero

Some investors bought shares of RadioShack Corp. (NYSE: RSH) at a 52-week high of $2.79. Others bought shares at $4.14 in May 2013. All those investors, and almost any others ...
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Manufacturing

American Apparel Cuts Factory Hours

According to a report in the New York Post, American Apparel Inc. (NYSEMKT: APP) has sharply reduced the time that its factories are open. The action is a sign of ...
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Caesars Merger Precedes Chapter 11 Filing

Struggling casino owner Caesars Entertainment Corp. (NASDAQ: CZR) announced Monday morning that it is merging with asset acquisition company Caesars Acquisition Co. (NASDAQ: CACQ). The merger is an all-stock transaction ...
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RadioShack Speaker Wall

How RadioShack Could Lose 90% of Its Value This Year

RadioShack Corp.'s (NYSE: RSH) shares traded at $0.33 Wednesday, down from a 52-week high of $2.79. One more tiny slip by management, lower same-store sales or ongoing fighting with its ...
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RadioShack Logo

RadioShack Still Looking for Cash

In a filing with the U.S. Securities and Exchange Commission (SEC) Tuesday morning, RadioShack Corp. (NYSE: RSH) said it has signed an agreement with FTI Consulting for “advisory and interim ...
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RadioShack Speaker Wall

RadioShack’s Stock Price Races Toward $0

RadioShack Corp. (NYSE: RSH) is at odds with its lenders again. The battle is over whether the retailer can close 1,100 locations, among other things. The loans involved are the ...
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Would Casinos Really Make Good REITs?

Caesars Entertainment Corp. (NASDAQ: CZR) shares have responded favorably to news that the company presented a plan to creditors that would restructure the company into a real estate investment trust ...
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gavel

Could Takata Go Bankrupt?

Takata faces huge fines, and almost certainly lawsuits (which have already begun), over its defective airbags. Some experts believe that the Japanese company was not forthcoming about the technical failure ...
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Biofuel Cans

Ethanol Maker KiOR Files for Bankruptcy

In a move that should have surprised no one, cellulosic ethanol maker KiOR on Sunday filed for Chapter 11 bankruptcy protection. According to the filing, KiOR will seek approval from ...
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