Finance, Credit and Loan Information

January, 2016

Stocks Rise after Weak China GDP Growth Report

Fears about a slowdown in China, and how abrupt and painful it might be, has helped knock oil prices to 12-year lows. Fall in oil prices pulled mostly energy stocks to the red territory across Asian markets. Chesapeake Energy lost 27 cents, or 7.6 per cent, to $3.29. Santos Ltd stock fell 7.46% on Australian […]

A Bankrupt Coal Company Plans Huge Executive Bonuses — And Steep Cuts to Employee Benefits

Less than six months after Virginia-based coal company Alpha Natural Resources filed for bankruptcy in federal court, the feds have issued an official objection to a company announcement that they intend to pay executive bonuses of $11.9 million in 2016. This Tuesday, theUS Trustee division ofthe Department of Justice, whichoversees Chapter 11 filings, issued an […]

Asian stocks sink on US turbulence, weak China growth

The full-year expansion of 6.9 percent, the least since 1990, was in line with the governments target of about 7 percent, and higher than forecasts for as low as 6.5 percent in a Bloomberg survey of economists. In afternoon trade WTI was down 3.3 per cent at US$27.52 and Brent was off 1.9 per cent […]

Verso prepares bankruptcy filing according to reports

There are reports that Verso Paper is on the verge of filing for bankruptcy protection. Bloomberg News reports the paper maker has missed payments owed to two sets of creditors this month. The five day grace period for payment expires Friday. According to Bloomberg News, the proposed bankruptcy plan calls for fully merging Verso and […]

Trending Stocks: Electro Scientific Industries Inc. (NASDAQ:ESIO), BioLineRx …

Electro Scientific Industries, Inc. (NASDAQ:ESIO), announced that CEO Edward C. Grady is scheduled to participate in the 18th Annual Needham Growth Conference taking place January 12-14, 2016 at the New York Palace Hotel in New York City. Electro Scientific Industries Inc. (NASDAQ:ESIO) belongs to Technology sector. Its net profit margin is -22.80% and weekly performance […]

Bankruptcies Decline for 6th Consecutive Year | CA & Service Industry Lead Filing Counts

2,072 Getting back to overall business bankruptcy trends, California once again generated the largest percentage of overall bankruptcies with 15.30% in Q4 and 13.31% for the full calendar year. California was followed by Texas, which leap-frogged over New York and Florida as the state that generated the 2nd highest percentage of overall bankruptcies for the […]

Potsdam’s Barstow Motors making progress with new service center

POTSDAM #x2014; By summer, Barstow Motors#x2019;s new service center will open to the public, bringing the look of the dealership in line with the goals of General Motors, and expanding square footage to accommodate its growing repair business. Dealer/operator John M. Barstow said Thursday that the majority of the new 19,188-square-foot building will be committed […]

Coal supplier files for bankruptcy protection

The supplier of half the coal burned in Minnesota power plants, Arch Coal Inc., filed for bankruptcy protection but pledged no interruption in mining and shipments to customers like Xcel Energy and Minnesota Power. The nations second-largest coal producer filed for Chapter 11 reorganization on Monday and said a majority of its primary lenders had […]

Paradise Canteena closes, files for bankruptcy

The bar closed at the start of this year and owners Chris and Melanie Fierro have filed for bankruptcy. Their business, over time, built up debt that they couldnt service so they made the decision that it was no longer profitable and there was no way of saving it, Fred Schill, the Fierros bankruptcy attorney, […]

Cab Company Claims Uber Helping Drive It Toward Bankruptcy

Yellow Cab Co-Op, San Francisco’s largest taxi company with about 530 medallion-holding drivers, is filing for bankruptcy, the San Francisco Examiner reported earlier this week. News of the bankruptcy is perhaps the clearest indication of the growing dominance of ride-hailing apps Uber and Lyft in the city. Thanks to the apps from Silicon Valley that […]

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