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No End to the Nightmare
Detroit has been given a brief reprieve, but the threat of bankruptcy still looms.
December 31, 2008
The sense of relief in Detroit that greeted the $17.4 billion federal lifeline thrown by President Bush to General Motors and Chrysler just before Christmas is unlikely to last long. The terms of the bridging loans amount to a gun at the heads of the two carmakers and their stakeholders. Unless they use the next three months to negotiate a viable way forward, the loans will be called in at the end of March — and bankruptcy will follow. Read more...
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Atos Origin's Eric Guilhou
The IT firm's support services boss talks turnarounds, turmoil and the Olympic Games. December 8, 2008
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Deloitte Study Sees Fraud Ties to Bankruptcy
Forensic Center researchers say companies should pay careful attention to their fraud controls as temptations to manipulate numbers appear to rise during times of great financial struggle. November 24, 2008
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Pelosi Wants Lame Duck to Aid Automakers
The speaker asks Barney Frank to craft a bill to provide emergency assistance accompanied by curbs on executive pay, independent oversight, and provisions for the aid to be paid back to taxpayers. November 11, 2008
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Cleared for Landing
In the thick of the credit crisis, Ferrovial pulls off a record refinancing. November 3, 2008
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Going, Going, Gone
Lehman's bankruptcy could be the tip of an iceberg of big-company Chapter 11 filings. November 1, 2008
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Follow the Money
GM and Chrysler: Merging the two sickly car firms makes little sense — except for one thing. October 23, 2008
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Bankruptcy's Buoyant Crystal Ball
In the current crunch, smart CFOs need to gauge how overextended their companies are before taking on a new client or embarking on an expansion, a turnaround expert says. October 22, 2008
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But Will It Work?
Meltdown may have been averted. But the crunch is not over. October 20, 2008
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Stop the Presses? Star Trib Readers Hope Not
The Minneapolis paper, reflecting the woes of the business, reneges on a $9 million payment to give itself some cash. October 1, 2008
Print Edition
Repricing proposals for underwater options likely will receive a chilly response from shareholders.
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