Highlights
A collection of news and information related to Financially Distressed Companies published by this site and its partners.
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Burbank City Council candidate says bankruptcy was a 'business decision'
City Council candidate David Nos filed for Chapter 13 bankruptcy last December -- a "business decision" he said he was forced to make after encountering circumstances beyond his control amid a rough recession. Nos had been running his printing...Tags: Corporate Crime, Companies and Corporations, Breach of Contract, Local Elections, Trials
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Burbank City Council settles on interview process for appointing city clerk, treasurer
The City Council on Tuesday agreed to the framework for how they will make two interim appointments for the office of city clerk and treasurer during a special meeting on Thursday, including sequestering candidates during the televised interview process....
Tags: Elections, Local Elections, Politics, Bankruptcy
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Bob Hope dealt blow by carrier's departure
The decision by American Airlines to pull out of Bob Hope Airport might further harm an airfield that has been grappling with a yearlong slide in passenger numbers, which gained the notice of an important credit rating agency.
American, which made up 7....Tags: Financial and Business Services, Credit and Debt, Ratings, Credit Ratings, Economy, Business and Finance
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American Airlines to close operations at Bob Hope
American Airlines, which filed for bankruptcy protection in November, is closing its operations at Bob Hope Airport in Burbank and ending flights from Dallas-Fort Worth to New Delhi.
In addition to closing operations at those two airports, the airline...Tags: Bob Hope, Air Transportation Industry, American Airlines, Inc., India, Los Angeles Times
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American Airlines bankruptcy: 'Business as usual' for passengers
The parent company for American Airlines, the nation's third largest carrier, filed for bankruptcy, citing high labor costs and a volatile economy.
American Airlines, the largest carrier at Los Angeles International Airport, and a carrier at Bob Hope...Tags: Transportation, Defense, National Security, Los Angeles Times, Air Transportation
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Employees buy, reopen bankrupt restaurant as part-owners
The Granada restaurant, a Victory Boulevard landmark for nearly 40 years, re-emerged from an eight-month closure Monday with sizzling fajitas, cold margaritas and new owners who will probably look familiar to longtime patrons.
A group of employees bought...Tags: Lifestyle and Leisure, Wells Fargo & Co., Career and Workplace, Employees, Los Angeles
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Coat factory in, Loehmann's out
One large clothing retailer has shut its doors just as another cuts the welcome ribbon at the Burbank Town Center. Loehmann's department store at Burbank Boulevard and San Fernando Road abruptly shut its doors Nov. 8, days before the New York-based...Tags: Pasadena (Los Angeles, California), Companies and Corporations, New York, Burbank (Los Angeles, California), Bankruptcy
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Briefly In Business: Executives to stay with General Growth
Two top executives with General Growth Properties Inc., owner of the Glendale Galleria, will stay with the company for up to a year after the company's expected emergence from bankruptcy this month. Chief Executive Adam Metz and President and Chief...Tags: General Growth Properties, Inc., Washington (U.S. state), Companies and Corporations, Illinois, Economy, Business and Finance
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Crime, Law and Justice, The Wall Street Journal, Justice System, Trials, Books
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AMF Bowling plans to merge with New York-based company
AMF Bowling Worldwide Inc. plans to merge with New York-based bowling center operator Bowlmor, the Richmond Times-Dispatch reported. The merger is part of the plan for Hanover County-based AMF Bowling to pay creditors’ debts and exit Chapter 11...
Tags: Hampton Roads, Companies and Corporations, Sports, Bankruptcy, Economy, Business and Finance
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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: New York City, Layoffs and Downsizing, Lehigh County, Autism, Politics
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How not to run a local government
One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...Tags: Safety of Citizens, Crime, Law and Justice, Health and Safety at Work, National Government, U.S. Congress
Dec 26, 2012
|Story| Burbank Leader
Jun 27, 2012
|Story| Burbank Leader
Jan 10, 2012
|Story| Burbank Leader
Jan 9, 2012
|Story| Burbank Leader
Nov 29, 2011
|Story| Burbank Leader
Jun 14, 2011
|Story| Burbank Leader
Nov 20, 2010
|Story| Burbank Leader
Oct 4, 2010
|Story| Burbank Leader
May 23, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Daily Press
May 21, 2013
|Story| Allentown Morning Call
May 19, 2013
|Column| Baltimore Sun
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