Financially Distressed Companies

Fiat weighs shifting its HQ to the U.S.

2013-05-17 00:00:00

Fiat, the century-old Italian automaker, appears poised to move its headquarters to the U.S. after its planned merger with Chrysler Group. The move would be unprecedented in the automotive industry, experts said, because of Fiat's deep roots. "To...

Developers buy Rhythm & Hues' ex-headquarters in El Segundo

2013-05-09 14:41:00

The former El Segundo headquarters of the visual effects studio Rhythm & Hues has been sold for $25 million to real estate developers who plan to upgrade it and turn it into an office campus for creative firms. Rhythm & Hues was acquired in March in a...

Rhythm & Hues effects house in search of a new home

2013-05-09 15:02:00

Rhythm & Hues, the Oscar-winning visual effects house that recently emerged from bankruptcy protection, is now looking for a new home. As Times writer Roger Vincent reports, the company's 200,000-square-foot El Segundo headquarters has been sold for $25...

Chrysler's first-quarter profits dip, expenses for new models rise

2013-04-29 07:41:00

Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million. The automaker’s earnings were hurt by higher expenses to launch new models and slower business in Europe and South America.� Revenue fell 6% to $15.4 billion...

GM first-quarter profits dip on losses in Europe, South America

2013-05-02 05:45:00

General Motors Co. reported lower first-quarter profits Thursday as it struggled with the continuing economic slump in Europe and a dip in earnings in North America. Profit for the nation’s largest automaker profit fell 14% to $865 million...

San Bernardino police officers criticize city officials on billboard

2013-05-03 13:24:00

The San Bernardino police officers' union took a very public shot at several of the bankrupt city's elected officials with a billboard proclaiming, "Congratulations! You've made San Bernardino the WORST run city in America!" The billboard featured...

Fiat said to mull IPO after buying Chrysler

2013-04-24 16:58:55

Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. The plan to sell shares of a combined company is among several options being...

New Orleans asks judge to seize troubled prison from sheriff

2013-04-10 07:00:00

Conditions have gotten so bad at a New Orleans prison that city officials have asked a judge to appoint a replacement for the sheriff in charge, according to a federal court filing. For years, the Orleans Parish Prison has been criticized by the�U.S....

Ernie Schneider dies at 66; chief administrative officer of O.C. when it declared bankruptcy

2013-04-15 00:00:00

Ernie Schneider, the chief administrative officer of Orange County when it declared bankruptcy in 1994 because of its disastrous investment practices, died Saturday at his home in San Juan Capistrano. He was 66. His death, related to liver and kidney...

American Airlines' flights grounded by computer problems

2013-04-16 12:05:00

Computer problems have forced American Airlines, one of the nation's largest air carriers, to keep hundreds of its flights from departing across the country. The Fort Worth-based airline said it has been struggling with intermittent computer problems...

American Airlines expanding LAX service with eight new destinations

2013-04-10 10:17:00

This post has been corrected. See the note at the bottom for details. For a carrier whose parent company is still in bankruptcy, American Airlines doesn’t show signs of retrenching. The airline announced plans Wednesday to expand to eight new...

Casey Anthony asks bankruptcy court to block sale of life story

2013-04-06 09:00:00

Lawyers for Casey Anthony have filed suit in bankruptcy court to prevent one of her creditors from selling her life story. Bankruptcy trustee Stephen Meininger considers Anthony’s story an asset akin to any other and is seeking the rights in...

Dionne Warwick has filed for bankruptcy. The "Walk On By" singer owes more than $10.7 million in taxes and fees to the Internal Revenue Service and the state of California, according to Reuters. She filed her petition on March 21 in U.S.

2013-03-29 11:26:05

Rhythm & Hues, which recently filed for bankruptcy protection, won an Oscar for the digital effects work on "Life of Pi."

2013-03-28 11:48:08

Artists from the visual effects house Rhythm & Hues won the Oscar for visual effects for "Life of Pi," marking an important moment in the company's tense recent history (it filed for bankruptcy protection earlier this month).

2013-02-24 00:00:00