For years those in the executive offices at Ford, GM, and Chrysler considered small cars an afterthought – an unprofitable side-business that pulled valuable product development and marketing dollars away [...]
Reddy Ice heading to bankruptcy court
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April 12, 2012, 2:10 PM
2April 12, 2012, 2:10 PM
Despite selling a mind-boggling 1.7 million tons of ice and logging more than $328 million in revenue in 2011, Dallas-based Reddy Ice posted losses of about $69 million and is [...]
New book offers inside view of Ford Motor
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April 5, 2012, 12:30 PM
2April 5, 2012, 12:30 PM
Most people realize that Ford Motor was the only of the Detroit Three automakers that didn’t file Chapter 11 and receive bailouts by the federal government. But until now almost [...]
“Pink slime” backlash forces beef firm bankruptcy
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April 2, 2012, 3:03 PM
1April 2, 2012, 3:03 PM
Ground beef processor AFA Foods filed Chapter 11 this week amid the ongoing controversy over “pink slime” – the unappealing nickname for “lean finely textured beef” (LFTB). Based in King [...]
Pinnacle Airlines, the latest to file for bankruptcy
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April 2, 2012, 12:36 PM
0April 2, 2012, 12:36 PM
It’s no April Fool’s. Yesterday Pinnacle Airlines Corp. announced its filing for Chapter 11 bankruptcy protection. If you’ve never hear of Pinnacle, don’t be surprised. The company is a regional [...]
GM, Peugeot form alliance
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February 29, 2012, 3:22 PM
2February 29, 2012, 3:22 PM
General Motors and France’s Peugeot have announced a plan to form an alliance aimed at annual savings of $2 billion within five years, according to Automotive News (sub required). GM [...]
Signs point to a good year for automakers, dealers
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February 22, 2012, 2:43 PM
0February 22, 2012, 2:43 PM
While 2010 and 2011 held great reversals of misfortune for carmakers and the dealers that sell their products, 2012 may turn out to be even better. Employment figures are mostly [...]
Bankruptcy rumors swirl around Barneys New York
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February 10, 2012, 10:09 AM
1February 10, 2012, 10:09 AM
With full-year department store sales improving and the overall luxury retail industry enjoying a revival, it may come as a surprise to some that Barneys New York recently hired law [...]
Eastman Kodak battles against bankruptcy
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January 6, 2012, 11:08 AM
0January 6, 2012, 11:08 AM
Take a picture. Eastman Kodak — as we know it today — might not be around much longer. The American business icon and inventor of the Brownie camera in 1900 is [...]
Newspaper group Lee Enterprises files for bankruptcy
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December 13, 2011, 1:54 PM
2December 13, 2011, 1:54 PM
Despite the joyous holiday season, maintaining a cheery outlook can be difficult as many businesses continue to face challenges in the current economic climate. Case in point: yesterday Lee Enterprises, the [...]
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