Entries tagged "bankrupt"
The Heico Companies LLC's Michael Heisley explains that managing a distressed company successfully requires a different psychology.
New York Knicks guard Stephon Marbury loves his low-price sneaker line so much that he's tattooed the "Starbury" logo into his head. But bankrupt Steve & Barry's LLC, the exclusive retailer of Marbury's affordable sneakers, apparently doesn't appreciate the extraordinary lengths the Brooklyn, N.Y., native has gone in promoting the brand. ...
In Tuesday's largest bankruptcy filing, IdleAire Technologies Corp. has lined up $25 million in debtor-in-possession financing from Wells Fargo Bank NA to fund its operations until it can sell itself to IdleAire Acquisition Co. LLC for $10 million....
The founder of ultra-discounter Skybus Inc., which ceased operations last week after only 10 months in the air, isn't ready to see the airline he created die....
Could ATA Airlines Inc.'s Chapter 11 filing late Wednesday portend a second round of bankruptcies for other airlines? The immediate future certainly doesn't look good. Record-breaking fuel costs are already hurting the industry, and the only things keeping the really big carriers from a crash landing is their huge cash hoards and the surprisingly resilient demand for seats. But how long can both last?...
