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News tagged with bankruptcy

Kodak patent deemed invalid in fight with Apple-RIM

A US judge on Monday said a Kodak patent allegedly infringed upon by Apple and Blackberry-maker Research In Motion (RIM) was not valid, dealing another blow to the struggling photography pioneer.

Technology / Business

created May 22, 2012 | popularity 1 / 5 (3) | comments 0

Wireless startup LightSquared files for bankruptcy

LightSquared Inc., which hoped to create an independent wireless broadband network in the U.S., filed for bankruptcy protection on Monday.

Technology / Telecom

created May 14, 2012 | popularity 4.8 / 5 (4) | comments 6

News aggregator Ongo to shut down

Online news service Ongo, which launched last year as a paid "aggregator" for various newspapers, said Tuesday it would close down by the end of the month.

Technology / Internet

created May 08, 2012 | popularity 4 / 5 (1) | comments 0

Dish profit down 34 pct, but adds subscribers

(AP) -- Satellite TV provider Dish Network Corp. said Monday that it added subscribers in the first quarter, but net income dropped 34 percent and revenue growth fell short of Wall Street expectations.

Technology / Business

created May 07, 2012 | popularity not rated yet | comments 0

Statistical analysis could predict bankrupt stocks

(Phys.org) -- During the 20-year period from 1989 to 2008, 21% of of all stocks listed in US stock markets became bankrupt. Since bankruptcies affect many investors and have played a large role in the recent ...

Other Sciences / Economics & Business

created May 03, 2012 | popularity 3.3 / 5 (7) | comments 9 | with audio podcast feature

Eastman Kodak 1Q loss widens

(AP) -- Eastman Kodak Co. said Friday that its first-quarter loss widened on hefty charges related to its reorganization under bankruptcy protection and a drop in sales.

Technology / Business

created Apr 27, 2012 | popularity 1 / 5 (1) | comments 0

Shutterfly stock flies on Eastman Kodak deal

(AP) -- Shutterfly's stock climbed after the online photo publishing company emerged as the sole and thus the likely winning bidder for Eastman Kodak's online photo services business.

Technology / Business

created Apr 26, 2012 | popularity not rated yet | comments 0

S. Korea's Hynix bids for Japan's Elpida

SK Hynix, the world's second largest microchip maker, said Friday it has submitted a preliminary bid for its struggling Japanese rival Elpida Memory.

Technology / Business

created Mar 30, 2012 | popularity not rated yet | comments 0

Japan's Elpida to be delisted from Tokyo Stock Exchange

Japan's Elpida Memory, one of the world's top microchip makers, is set to be delisted from the Tokyo Stock Exchange Wednesday in the biggest corporate failure in Japanese manufacturing history.

Technology / Business

created Mar 27, 2012 | popularity 5 / 5 (1) | comments 0

Tax rebates boost bankruptcies and why this isn't a bad thing

Many cash-strapped American families are waiting on their tax rebate to file for bankruptcy, and this trend has gained steam as costs related to filing for bankruptcy have gone up.

Other Sciences / Economics & Business

created Mar 22, 2012 | popularity not rated yet | comments 0

Kodak agrees to sell online gallery to Shutterfly

(AP) -- Eastman Kodak Co. said Thursday it plans to sell its online photo service business to online photo publishing company Shutterfly Inc. for $23.8 million.

Technology / Business

created Mar 01, 2012 | popularity 1 / 5 (1) | comments 0

Social responsibility of businesses questioned

When the Icelandic banking system was privatised in 2003, it inaugurated a period of furious expansion of both loans and risky investments. The bubble burst in 2008. At that time, the nominal assets of the three largest banks ...

Other Sciences / Economics & Business

created Feb 28, 2012 | popularity not rated yet | comments 0

Japanese chipmaker Elpida files for bankruptcy

(AP) -- Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last ...

Technology / Business

created Feb 27, 2012 | popularity 4 / 5 (2) | comments 1

Los Angeles Times to begin charging for online access

The Los Angeles Times said Friday that it will begin charging online readers next month, the latest major US newspaper to require a subscription to its website.

Technology / Internet

created Feb 24, 2012 | popularity 2 / 5 (2) | comments 7

Myths and shame keep many from seeking bankruptcy protection

(PhysOrg.com) -- Two interesting facts that may counter modern ideas about bankruptcy: The overwhelming majority of U.S. filings belong to individuals rather than corporations or entities, and most of these ...

Other Sciences / Economics & Business

created Feb 13, 2012 | popularity 3.7 / 5 (3) | comments 8

Bankruptcy

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).

For more information about Bankruptcy, read the full article at Wikipedia.
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