Tag: bankruptsy


Saab calls it quits

Swedish automaker Saab has filed for bankruptcy after months of struggle to stay alive. Saab's owners have turned the company's assets over to a Swedish court-appointed receiver. General Motors (GM, Fortune 500), Saab's former owner, had objected to a recently proposed deal under which the company would have been sold to Chinese investors including carmaker…

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American Airlines files bankruptcy

A bankruptcy hurts everyone. It besmirches the reputation of the CEO. It destroys stockholders’s faith in the company. It threatens the livelihood of employees. It disrupts the lives of customers, and it is a harbinger for hassles that children of the future will face. So how could a company that was the first to offer…

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