Posts Tagged ‘finance’
Ex-Marketing Chief Hayzlett Discusses Kodak Bankruptcy
Jan. 19 (Bloomberg) — Jeffrey Hayzlett, former chief marketing officer at Eastman Kodak Co., talks about Kodak’s filing for bankruptcy protection.
The photography pioneer that introduced the Brownie Camera more than a century ago filed for bankruptcy after consumers embraced digital cameras. Hayzlett speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)
Duration : 0:5:11
U.S. Day Ahead: MF Global seeks bankruptcy funding
Dec. 13 – Reuters Correspondent Nicholas Brown says MF Global is likely to get much-needed cash for its Chapter 11 despite objections from customer over missing funds.
Duration : 0:1:56
American Airlines Parent AMR Files for Bankruptcy
Nov. 29 (Bloomberg) — American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.
With the filing, American became the final large U.S. full-fare airline to seek court protection from creditors. Chairman Gerard Arpey will retire and be replaced by Thomas Horton, AMR said. Shannon Pettypiece reports on Bloomberg Television’s "InsideTrack." (Source: Bloomberg)
Duration : 0:2:16
Rochelle On Latest WaMu Confirmation Plan, Friendly Bankruptcy
Oct. 6 (Bloomberg) — Bloomberg Law’s Lee Pacchia talks with Bloomberg News bankruptcy columnist and editor-at-large Bill Rochelle about the week’s bankruptcy news and legal developments including Washington Mutual Inc. and Friendly Ice Cream Corp.
Duration : 0:4:27
Friendly’s is Filing for Chapter 11 Bankruptcy And Closes 63 Stores
Restaurant chain, Friendly’s is filing for Chapter 11 bankruptcy protection and already closed 63 stores.
The company says the slump in the economy with higher costs and high rents drove it file for bankruptcy protection.
Friendly Ice Cream Corp. announced that it has held $70 million in financing and that its 424 remaining restaurants will stay open as it restructures under bankruptcy protection.
It says the store closings and its reorganization efforts will better position it for the future.
Sun Capital Partners, its current owners will be the lead, or “stalking horse” bidders, in an auction process.
Friendlys is a 76-year-old company known for its ice cream and hamburgers.
Duration : 0:0:56
