"Good guys finish last" is a common saying, but is not necessarily true when it comes to handling business, or so as others would like to believe. To some, a firm hand and a cold resolve would make for a fine CEO, whether that CEO is a man or a woman. However, kindness is beneficial to the businesses' customers and employees.
Tags: Bankruptcy
Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later
Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.
Vivint Solar Shareholders Approved SunEdison Acquisition, Shares Fall After The Announcement
SunEdison Inc. acquired Vivint Solar after Vivint’s shareholders overwhelmingly approved the deal of about $1.9 billion. SunEdison, once the world’s largest renewable energy company, is now facing a financial crisis with billions of debt after massive acquisition binge and plummeting stocks.
Paragon Offshore files bankruptcy: post debt plan announcement
The oil services company Paragon Offshore Plc filed chapter 11 bankruptcy after the announcement of debt plan. The main reason is to avoid protracted legal battles involving its former parent, Noble Corp.
North Dakota oil riggers lower drilling activity as oil further slid
The lower oil prices are forcing rig operators to reduce their activity in North Dakota. The number oil rigs operational fell to 49 indicating the lowest since August 2009. The number of oil rigs is expected to further drop to 30 this year. There're concerns over possible bankruptcies following the decline in oil drilling North Dakota.
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Bankruptcy has been a part of every business even an individual's life and most of the time is hard to avoid. Generally, seeking the help of a bankruptcy lawyer as one declares bankruptcy would definitely ease the burden.
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S. drilling.
The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.
A turnaround team tasked with reviving Atlantic City says New Jersey's struggling gambling hub must consider cost cuts, layoffs and longer bond maturities, but bankruptcy is not in the cards - yet.
The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents seen by Reuters.
General Motors Co. said Monday it would launch a new, $5 billion share buyback, and put forward a more detailed plan for capital allocation that promises investors the potential for further cash returns.
Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program.
