Posts Tagged: bankruptcy

A Very Old Company leads to Disruption in a Valentine’s Day tradition

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What do you remember about Valentine’s Day in elementary school? Cards and Valentine’s Day candies with different sayings? But not this year! The cute, chalky little inscribed hearts will not be produced or sold this year after a 153-year tradition. Questions: 1. According to Kyle, how old was the company that made the Valentine’s candy… Read more »

An Age of Trust and Undying Loyalty

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According to the New York Times, Sears may be struggling to survive after filing for bankruptcy in October, since its rundown and empty stores symbolize a has-been company that failed to adapt. But across the country, legions of former Sears workers like Mr. Atwood, a retired truck driver, gather regularly to reminisce about their long… Read more »

The End is Near

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The fall of Sears has been well documented. But who else is feeling the grip of Amazon on their once thriving retail business and who will be next to declare bankruptcy? Questions: 1. According to the article, what is the toxic combination that will take the eight named retail companies out of the game? 2…. Read more »

A Sad Day for Dividend Income Stocks

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Last week signaled a sad turn for the “widows and orphans” stocks — classic income providers that were once bread-and-butter favorites of investors. Questions: 1. Why was it a sad time for “widows and orphans” stocks? 2. What did Anheuser-Busch do that also signaled bad times? 3. Why does dividend income matter? 4. How many… Read more »

Something to look forward to? Bankruptcy in Retirement!

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According to a recent study, the rate of people 65 and older filing for bankruptcy is three times what it was in 1991. Questions: 1. What are some of the main reasons that this is happening? 2. What is happening to the next generation nearing retirement age and why is this happening? 3. In 2016,… Read more »

Sudden Resignation

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Fiat Chrysler on Saturday announced the sudden resignation of longtime CEO Sergio Marchionne, who is stepping down due to complications from surgery. Questions: 1. Who will be replacing Sergio? 2. When Chrysler emerged from bankruptcy in 2009, what happened? 3. What’s the outlook for Dodge and Chrysler? 4. What’s going on with current Fiat sales?… Read more »

A World without Stores? Where will we hangout?

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According to CNN, America’s long-standing love affair with shopping at malls and department stores may be nearing an end. Questions: 1. Compare the drop in jobs at shopping mall retail stores Between 2001 and 2016 and those jobs at coal mines. What does this say? 2. What are the demographics of workers at shopping mall… Read more »

Puerto Rico is Bankrupt!

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Puerto Rico has been facing huge debts and population loss for some time. However, in a historic move that will likely trigger a fierce legal battle, the island territory declared bankruptcy. Questions: 1. According to the article, what were the main debts it listed in its filing? 2. How many jobs and what amount of… Read more »

Is this Really a Good Thing?

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According to the New York Times, private equity firms have increasingly been taking over public services, like emergency care and firefighting, often with dire effects. Questions: 1. What are the factors that private equity firms apply to public services that put these arrangements into jeopardy? 2. About how many Americans work for companies owned by… Read more »

Cher sues to recover from financial firm over “rosy projections!”

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Cher claims Sail Venture Partners and several of its principals defrauded investors to rake in millions in management fees, according to a lawsuit filed Wednesday in L.A. County Superior Court. Questions: 1. When did this happen? 2. What did the managers do with the money? 3. Based on the information in the article, what do… Read more »