Latest News for: Bankrupt company

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Ask the Rational Investor: Are bonds safe?

Canton Repository 07 Mar 2021
A share of a company’s stock represents the stock owner’s portion of that individual company ... For investors to get a return similar to the higher, pre-pandemic interest rates, they must decide to take more credit risk (accepting some risk the company might go bankrupt) or take more interest rate risk.
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How to prepare your business for unexpected disruptions and remain profitable through uncertainty

Business Insider 07 Mar 2021
Make sure your business is consumer-oriented, and focus on keeping your company profitable ... Uber and other similar services caused many taxicab companies to go bankrupt and the market value of taxi medallions to plummet ... The great mistake of the taxicab companies was to focus on ...
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How one Maryland firm put an ‘extraordinary burden’ on the nation’s troubled stockpile

Hartford Courant 07 Mar 2021
Because Emergent was the sole manufacturer of a product deemed critical to national security, the company has played what one former executive described to the Times as “the we’re-going-to-go-bankrupt card.” Cole, who received $16,000 from the company’s political action committee in recent years, was familiar with the pitch.
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Tesla, Ford only carmakers not gone bankrupt: Elon Musk

India TV 06 Mar 2021
... several carmakers bleed in the US and beyond, Tesla is profitable and according to Elon Musk, his electric car company and Ford are the only two carmakers in the US which have not gone bankrupt.
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Annmarie Reinhart Smith, Who Battled for Retail Workers, Dies at 61

New York Times 06 Mar 2021
After nearly three decades with Toys “R” Us, she helped lead a fight by employees for severance pay from the bankrupt company. She died of Covid-19 ... .
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Gamers complaining has changed the face of modern video games – Reader’s Feature

Metro UK 06 Mar 2021
A reader argues that gamers protesting about unpopular actions by video games companies has changed the industry for the better ... Guess what? People complained and within a couple of days the game was taken off the PlayStation Store and CD Projekt are lucky if they don’t go bankrupt or get bought up by some bigger company.
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Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized company public, report says

The Times of India 05 Mar 2021
As part of the planned shakeup, the lenders want to convert their holdings in the bankrupt firm into shares of the reorganized company which could be taken public, Bloomberg said, citing sources.
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Out-of-court streamlining

Ekathimerini 05 Mar 2021
Since last Monday the process of streamlining troubled companies has been taken out of the courtroom, in the context of the new bankruptcy law ... That procedure constitutes the pre-bankruptcy process aimed at the settlement of debts and the avoidance of having to liquidate a company or the property of a bankrupt individual.
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Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized ...

Business Insider 05 Mar 2021
As part of the planned shakeup, the lenders want to convert their holdings in the bankrupt firm into shares of the reorganized company which could be taken public, Bloomberg said, citing sources ... The company's creditor group counts Alliance Bernstein, Bank of America, Invesco, Fir Tree Partners, and JPMorgan Asset Management among its members.
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Goldman Sachs reportedly set to make $200M off Texas winter storm

New York Post 05 Mar 2021
Bloomberg reported that while the bank could make $200 million on paper, the actual profits collected are likely to be less, as regulators and consumers intervene with legal challenges in the aftermath of the energy crisis and some companies go bankrupt ... .
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Plagiarism row back with Deepika’s latest Levi’s ad

Deccan Chronicle 05 Mar 2021
“You would think a foreign production company and director would know better. Are you so creatively bankrupt? What were you thinking? PS ... Music director Ram Sampath was awarded a handsome sum by the court after they found out that one of his compositions for a mobile company ...
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The Texas Public Utility Commission’s revolving door between industry and regulator

San Antonio Current 05 Mar 2021
Now, there’s growing concern about what the PUC will do to maintain competition among retail electricity providers as many companies are likely to go bankrupt and corporate giants NRG Energy and Vistra—which together already control more than 70 percent of the market—become more dominant.
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Lenders mull plan to take Hertz public post-bankruptcy

New York Post 04 Mar 2021
... or so-called “meme stocks.” In fact, Hertz was one of the first stocks to benefit from chatter on Reddit after its sales got crushed by pandemic lockdowns — resulting in a buying frenzy that sent shares of the bankrupt company as high as $5.53 a share last year.
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