Hoffman Clark, a Clayton accounting firm that tracks such things, says St. Louis saw 188 business bankruptcy filings in the first half of this year. That’s up 18 percent from the first half of last year.
In the big picture, though,…
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Loading ...The company formerly known as General Motors is trading again on the stock market after a three-day trading halt, and, inexplicably, it still has a market capitalization of $355 million.
When GM’s ongoing operations emerged from bankruptcy on Friday, the shell of…
(No Ratings Yet) Loading ...FINRA, the brokerage industry’s self-regulatory body, has finally done what someone should have done weeks ago: It has halted trading in shares of the bankrupt company once known as General Motors. According to the New York Times, the suspension occurred after…
(No Ratings Yet) Loading ...General Motors and Charter Communications are very different companies. According to the plans that both companies are pursuing in bankruptcy court, however, their shares will end up in the same place: worthless.
It’s hard, then, to explain the very different trading…
(No Ratings Yet) Loading ...If taxpayers are sinking almost $70 billion into GM, one would hope that we have a chance of being repaid. At least we can hope to get most of our money back, right?
Well, those hopes rest on a series of…
(3 votes, average: 2.67 out of 5) Loading ...Stephen Koff of the Cleveland Plain Dealer raises a very interesting question about the day Chrysler filed for bankruptcy: Why did high-ranking government officials say in the morning that no plants would close, only to be contradicted that evening by documents…
(No Ratings Yet) Loading ...Automakers, it turns out, really can go bankrupt. It’s just happened in Sweden to Saab, a subsidiary of General Motors. A company statement says the move will allow Saab to “continue business as usual” and create a “truly independent entity…
(1 votes, average: 5 out of 5) Loading ...Chapter 11 bankruptcy is probably the best way for General Motors, Ford and Chrysler to solve their cash crunch. That’s the solution I proposed in Tuesday’s column, and it’s also favored by University of Chicago finance professors Luigi Zingales and Joshua…
(1 votes, average: 4 out of 5) Loading ...Yesterday’s bankruptcy filing by Circuit City Stores was the second black mark this year for the list of companies singled out by Jim Collins in his 2001 book, “Good to Great: Why Some Companies Make the Leap, and Others Don’t.”…
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