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More Bankruptcies Expected in Freight Industry
At least four US-listed shipping companies are likely to face restructuring or declare bankruptcy over the next 12 months as the long downturn in the freight market forces further consolidation, an industry executive told Reuters.
Updated: 10/03/2011 10:12A
Kodak shares rise after bankruptcy denial (NEWS.GNOM.ES)
N) rose more than 35 percent on Monday after the company said it had no intention of filing for bankruptcy. The company issued a statement on Friday saying it hired the law firm Jones Day which specializes in restructuring, but that it “is committed to
Updated: 10/03/2011 10:12A
Eastman Kodak Says Bankruptcy Not An Option
Kodak's fortunes in the stock market suffered a blow with the confirmation that it hired the law firm Jones Day and with the recent news that it had drawn $160 million from a line of credit, UPI.com reported. Kodak's cash on hand was listed at $957
Updated: 10/03/2011 10:08A
Bankruptcy Rumors Send Kodak Investors Running Scared
Eastman Kodak (News - Alert) shares plummeted on Friday following a report that the 131-year-old imaging company has hired Jones Day, a law firm that specializes in bankruptcy cases and restructuring initiatives.
Updated: 10/03/2011 10:05A
First Solar CEO still hopeful about sector
The CEO of Tempe-based First Solar Inc. (Nasdaq: FSLR) told attendees at the Arizona Solar Leadership Conference last week that despite its dramatic ups and downs — from the bankruptcy of solar manufacturer Solyndra to his own company's roller coaster
Updated: 10/03/2011 10:00A
The Daily Docket: Kodak Hires Restructuring Lawyers
The 131-year-old company is tackling investor worries but says it doesn't intend to file for bankruptcy. Once slated for liquidation, Corus Bankshares Inc. received court approval for its bankruptcy-exit plan that calls for the former Illinois
Updated: 10/03/2011 09:59A
National Slavery Museum files for bankruptcy
But the museum filed for Chapter 11 bankruptcy protection on September 21, putting its prospects in doubt and leaving donors and supporters of the project conceived 10 years ago by Virginia's first black governor to wonder what went wrong.
Updated: 10/03/2011 09:58A
Dodgers, Solyndra, Viceroy, Innkeepers, Lehman: Bankruptcy
Primarily, Gross will decide if bankruptcy law gives him power to abrogate rights of first negotiation and first refusal in the existing agreement for Fox to telecast games through the 2013 season. Gross will simultaneously decide whether Bud Selig,
Updated: 10/03/2011 09:47A
Staving Off Bankruptcy, Kodak Shares Enjoy Huge Relief Rally
You know things are going poorly for a company when its stock surges 50% simply because it didn't file for bankruptcy over the weekend. Despite several reports indicating that Eastman Kodak (EK) had brought in a restructuring law firm and
Updated: 10/03/2011 09:43A
Canadian Solar buys SpectraWatt's equipment in $5 million auction
SpectraWatt, which is backed by Intel and Goldman Sachs, filed at the United States Bankruptcy Court in Poughkeepsie on August 19, asking the courts to allow it to auction off millions of dollars' worth of its assets to pay creditors.
Updated: 10/03/2011 09:38A
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