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Patriot, UMWA continue wrangling over bankruptcy

2013-04-13 14:21:19| Energy - Topix.net

CHARLESTON, W.Va. -- Bankrupt Patriot Coal's latest offer to a union angry about the possible loss of retirees' pension and health care benefits includes a 35 percent equity stake in the reorganized company.

Tags: continue bankruptcy patriot wrangling

 

Fisker Auto founders, fires furloughed employees, preps for bankruptcy

2013-04-08 22:28:12| Extremetech

Fisker Karma has laid off 75% of its workers and is examining its bankruptcy options. It's lights-out for a manufacturer that never managed to reliably deliver its questionably priced product.

Tags: auto employees bankruptcy fires

 
 

US: CEDC heads for bankruptcy as Russian Standard takes over

2013-04-08 14:03:00| Daily beverage news and comment - from just-drinks.com

Central European Distribution Corporation (CEDC) has proceeded with a bankruptcy filing in the US, as it prepares to be taken over by the owner of Russian Standard.

Tags: over standard takes russian

 

Fisker terminates 75% of workforce in effort to stave off potential bankruptcy

2013-04-05 22:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Fisker, the struggling, US government-backed hybrid sports car maker, terminated most of its rank-and-file employees on Friday, in a last-ditch effort to conserve cash and stave off a potential bankruptcy filing, sources said. In a statement, Fisker confirmed that it let go about 75% of its workforce. The automaker said it was "a necessary strategic step in our efforts to maximize the value of Fisker's core assets." A Fisker representative could not immediately answer questions on the company's...

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Tesla Motors expects first profit; Fisker Automotive eyes bankruptcy

2013-04-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: The contrasting narratives are not unusual in an electric car industry marked by highs and lows. Fisker shut down production of its plug-in hybrid Karma last November after its battery manufacturer declared bankruptcy. It has struggled, and failed, to restart production of the luxury sedan ever since. Tesla is no stranger to hiccups either. A calamitous February test drive by a New York Times reporter created a public relations headache. The ensuing spat between Tesla and the Times raised questions...

Tags: eyes automotive profit motors

 

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