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: Economy, Business and Finance, Local Elections, Google Inc., Trials, Breach of Contract
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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: Local Elections, Politics, Elections, Bankruptcy
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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: American Airlines, Inc., Los Angeles Times, Air Transportation Industry, New Delhi (India), Bob Hope
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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: Air Transportation Industry, Bankruptcy, Finance, Los Angeles International Airport, Economy, Business and Finance
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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: Travel, Unrest, Conflicts and War, AMR Corp., Los Angeles Times, Air Transportation Industry
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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: Dining and Drinking, Wells Fargo & Co., Employees, Career and Workplace, Lifestyle and Leisure
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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: California, Burbank (Los Angeles, California), Pasadena (Los Angeles, California), New York, 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: Economy, Business and Finance, General Growth Properties, Inc., California, Washington (U.S. state), Illinois
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Lowe's aims to acquire Orchard Supply Hardware amid OSH bankruptcy
Orchard Supply Hardware is filing for Chapter 11 bankruptcy but already has a waiting rescuer – larger competitor Lowe’s Companies Inc. Lowe’s is offering to buy most of the San Jose company’s assets for $205 million in cash...
Tags: Sears Holdings Corp., Bankruptcy
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Tribune Co. revenue up slightly in 2012
Tribune reporterTribune Co. reported modest revenue growth in 2012 -- its last year in bankruptcy -- with broadcasting gains offsetting declines in its publishing operations, according to consolidated financial statements released Monday. Revenues last year reached...Tags: Newspaper and Magazine, Newspapers, Quarterly or Semiannual Financial Statements, Earnings, Los Angeles Times
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Battery recycler Exide Technologies allowed to reopen pending hearing
A Vernon battery recycler shuttered by the state as a health risk in April will be allowed to reopen pending a court hearing next month, a Los Angeles County Superior Court Judge ruled Monday. Judge Luis A. Lavin said the public interest would not...
Tags: Standards, Justice System, Trials, Judges, Crime, Law and Justice
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Trustee plan to compensate Pearlman victims gets key support
Victims of convicted Ponzi schemer Lou Pearlman might get about 4 cents on the dollar back from their losses, according to a new plan crafted by the trustee in the former boy-band mogul's bankruptcy case. Hundreds of unsecured creditors — most of...Tags: Economy, Business and Finance, Court Preliminary, Trials, Lou Pearlman, Entertainment
Dec 26, 2012
|Story| Burbank Leader
Jun 27, 2012
|Story| Burbank Leader
Jan 9, 2012
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Jan 10, 2012
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Nov 29, 2011
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Jun 14, 2011
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Nov 20, 2010
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Oct 4, 2010
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Jun 17, 2013
|Story| Los Angeles Times
Jun 17, 2013
|Story| Chicago Tribune
Jun 17, 2013
|Story| Los Angeles Times
Jun 17, 2013
|Story| Orlando Sentinel
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