The struggling electronics retailer is getting a loan from its largest shareholder, which some creditors oppose because it might delay restructuring.
It never happened, of course. But AIG's former CEO Maurice Greenberg believes the federal government didn't have the authority to step in.
The PCAOB alerts auditors that they still have a responsibility to independently evaluate whether a company is a going concern.
The bank's underwriting and sale of leveraged loans may not be in compliance with regulatory guidance issued just last year.
Just seven months into the job, John Feray has had enough. 'He made a mistake going there,' one analyst observes.
Speculative-grade issuers have to give a little more to get investors to buy new bond offerings.
Wedbush Securities lowers its price target on the electronic retailer's stock to $0 and declares that "the ship is sinking."
Covenant protections on highly leveraged loans continue to weaken, meaning lenders will be vulnerable if a borrower experiences financial distress.
The bankrupt city's CFO and CIO testify that Detroit's information systems infrastructure is "fundamentally broken."
A federal judge's ruling on a corporate bankruptcy case could have interesting implications for bondholders of distressed debt.