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Home > News > Tags > bankruptcy
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Stories about: bankruptcy |
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Elpida has been in treacherous waters for some time now, having filed for bankruptcy and putting itself up for auction, but those willing to buy it get fewer and fewer each month.
Elpida used to be quite an important name among the makers of semiconductors, especially NAND and DRAM chips.
Unfortunately, the memor... |
4 May 2012
08:06 GMT |
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People may or may not have heard about all the trouble Kodak has been dealing with. The company filed for bankruptcy and had to let go of its image sensor business. It even backed out of the camera market altogether, even though it used to be a legend.
As if all that wasn't enough, the corporation ended up los... |
27 April 2012
11:10 GMT |
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Heads are starting to roll in the recent pink slime controversy. After several campaigns brought to parents' attention the fact that it was used in meat served to kids in schools, meat factories are seeing a downturn in revenue.
AFA Foods Inc. is just one of the many affected and it too blames the fake &ldq... |
3 April 2012
14:31 GMT |
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Elpida tried to negotiate with the Japanese government, hoping to be granted protection to repay the $5.6 billion debt, but it had to file for bankruptcy instead.
Elpida is Japan's only maker of dynamic random access memory (DRAM) and used to be one of the most powerful memory players in the world.
Now, thou... |
28 February 2012
16:01 GMT |
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The first glimmer of hope in a long time has shown itself to Kodak in the form of an approval to borrow close to $1 billion in bankruptcy financing.
Kodak filed for bankruptcy around this time last month (January, 2012), when it became obvious that it had not done a good enough job of keeping up with the changes on... |
16 February 2012
02:50 GMT |
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Singer and actress Whitney Houston is broke as a joke, says a new report. Various sources claim she's squandered her impressive fortune, estimated at $100 million (€76.7 million), and is now forced to borrow money for her most basic needs.According to unnamed spies speaking to Radar Online, Whitney is curre... |
25 January 2012
03:03 GMT |
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Kodak used to be one of the strongest brands on the photo camera market, but its current position is very slippery, enough so that it had to file for Chapter 11 Bankruptcy.
It appears that Kodak simply did not move fast enough to catch the digital camera and camcorder trend, ending up in a precarious financial posi... |
19 January 2012
16:41 GMT |
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The world was shocked to hear late last year that multi-Grammy winner Toni Braxton was not only bankrupt but she also had debts in excess of $50 million. In a candid interview to promote her upcoming reality show, “Braxton Family Values,” Toni explains what happened. When word got out of her financial pro... |
9 April 2011
15:04 GMT |
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Thomas Beatie became a household name when he appeared on Oprah and was dubbed the “first ever pregnant man.” That was, of course, because Beatie was born a woman and he had agreed to carry the couple’s child. He and wife Nancy are now preparing for the fourth.
Speaking with Radar Online, Thomas... |
28 March 2011
08:34 GMT |
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Toni Braxton is one of the best-selling artists in the music industry, but she’s again in financial trouble twice in 12 years, having filed again for bankruptcy and saying she may be over $50 million in debt. The diva has just filed bankruptcy papers, saying her worth is now somewhere between $1 million to $10 ... |
8 October 2010
03:48 GMT |
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Aaron Carter, the younger brother of Nick Carter of the Backstreet Boys fame, is now a wanted man – and not in a good way, as the IRS has just filed papers against him for tax evasion. One week after being booted from Dancing With the Stars with much hubbub, Carter is now seeing himself in troubled waters with ... |
18 November 2009
05:44 GMT |
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Nicolas Cage, arguably one of the most bankable actors in Hollywood at the present moment, is severely in debt, as we reported a while back. While the actor is saying that his finances are this bad because of his manager’s inattention to all the details, the manager himself has just filed a lawsuit against Cage... |
18 November 2009
04:00 GMT |
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Former “Baywatch” bombshell Pamela Anderson is in troubled waters right now, being sued by a construction company and a moving firm for outstanding bills. She’s also behind with her taxes, reports say, but it’s the bills that have literally brought her on the verge of financial ruin. In a new ... |
24 October 2009
06:00 GMT |
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Hollywood A-lister Nicolas Cage, who made an estimated $40 million between June 2008 and June 2009, is in major debt. Court documents reveal he owes the IRS over $6 million in unpaid taxes, while also defaulting on a $2 million loan, as we also reported. Nevertheless, Cage is not bankrupt: he was simply ill advised b... |
17 October 2009
05:02 GMT |
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Celebrities are no strangers to financial problems, despite making more money in a month than regular folks make in years. Just recently, Hugh Hefner was forced to sell his mansion, while Nicolas Cage was taken to court twice over unpaid taxes and fees. Rocker Courtney Love has been hit hard too, to the point that sh... |
5 October 2009
10:11 GMT |
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The original Hollywood pneumatic babe Pamela Anderson is reportedly on the brink of bankruptcy, with two companies suing her for unpaid bills and the government asking that she pay backward taxes. In a statement just released to TMZ, the star admits to having some financial issues that would be best explained by some... |
29 September 2009
02:29 GMT |
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Former pin-up and “Baywatch” babe Pamela Anderson is in serious financial trouble, reports in the US media say. The star owes money to a construction company that helped her renovate her Malibu home, but also to the Government, as she’s yet to pay all her taxes, ContactMusic informs, citing several ... |
25 September 2009
10:29 GMT |
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Lady Gaga’s wicked fashion sense has either been praised and hailed as the freshest, most original and shockingly unique appearance of the past decade, or heavily criticized for being nothing but tacky play-pretend, in a vain attempt to cause a stir. Whichever it might be, it has ruined her financially, the sin... |
11 July 2009
05:57 GMT |
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The house of Christian Lacroix, although plagued by financial woes throughout most of its 22-year existence, has come to epitomize the very notion of haute couture. They say creations branded Lacroix are more than just fashion, being situated in the realm of pure art. Unfortunately, since recession has made art a com... |
9 July 2009
16:01 GMT |
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Fashion house Christian Lacroix has never made a profit in its 22 years of existence, but that has never stopped it from being one of the most popular and appreciated haute-couture names in the industry. Financial turmoil has eventually caught up with the designer house because of the decreased demand – especia... |
29 May 2009
15:21 GMT |
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The Midway saga, which has seen the publisher sold once and now again in search for an investor, is far from being over. The creditors of the company, which is now in bankruptcy protection, have filled a law suit against some of the people who have been involved in the downfall of Midway, including Sumner Redstone, w... |
14 May 2009
02:29 GMT |
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It seems that even if it was sold off by its previous owners, Midway is in no better shape when it comes to its finances. The new owner of the company, Acquisition Holdings Subsidiary, has filed some documents estimating that, if the current rate holds in the coming months, Midway could be out of money by July, meani... |
15 April 2009
04:28 GMT |
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Gaming certainly has a lot of iconic companies that have brought great titles to a lot of gamer generations. Midway is one of them, bringing titles like Mortal Kombat, Unreal Tournament or The Lord of the Rings Online, to a variety of gamers who enjoyed them for quite some time. Sadly, the company hasn't been d... |
13 February 2009
11:01 GMT |
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Major newspapers in the US seem, to their praise, less than willing to just submit to the Internet in terms of reaching the masses, and have made that abundantly clear on Monday, when a group titled the “Newspaper Project” featured ads on the front pages of publications such as The New York Times and The ... |
3 February 2009
10:14 GMT |
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It looks like the global low economy has made another victim in the IT industry, as Germany's chipmaker Qimonda has recently filed an application with the local court in Munich to open the necessary proceedings for insolvency. The DRAM maker claims that the insolvency petition is a direct result of the massive d... |
27 January 2009
05:30 GMT |
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Nortel Networks, the largest telephone equipment manufacturer in North America, is reported to have filed for Chapter 11 bankruptcy protection as a result of the economical downturn. Given the fact that its customers turned towards faster technologies, the Toronto-based Nortel has seen dramatically lower demand for i... |
15 January 2009
09:42 GMT |
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According to the latest news on the Web, UIQ Technology has declared bankruptcy, at least this is what the company's CEO Johan Sandber is reported to have said to the Swedish newspaper Sydöstran. It seems that UIQ was unable to secure additional funding from its main owners, Sony Ericsson and Motorola, and ... |
5 January 2009
07:20 GMT |
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Atari, one of the most famous game developers from the eighties is now facing financial collapse, as shown in its quarterly report. Claims like "substantial doubt about our ability to continue as a going concern" have surfaced expressing the Atari representative's impression on the current situation of the comp... |
8 November 2007
03:51 GMT |
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