Sentences with phrase «nearly bankrupt company»
Judge Rakoff had this to say at the time: «The notion that Bank of America shareholders, having been lied to blatantly in connection with the multibillion - dollar purchase of a huge, nearly bankrupt company, need to lose another $ 33 million of their money in order to «better assess the quality and performance of management» is absurd.»
https://dealbook.nytimes.com/ Not exact matches
Piëch took the helm of the entire company, Volkswagen Group, in 1993, when it was nearly bankrupt.
This system has never made me pass up an opportunity — in fact, it's helped me strengthen my cash flow so much that I've been able to contemplate all kinds of growth options, including a recent $ 325,000 bid on a bankrupt company whose assets were worth nearly 10 times that much.»
He started with a nearly bankrupt transportation company that belonged to his grandfather and expanded into other lines of work.
Suniva, Inc., a bankrupt solar module company based in Georgia and owned by a Chinese conglomerate, has filed a rare petition under the 1974 Trade Act that could cost nearly 90,000 American jobs across the U.S. solar industry.
Obama's reign began with him having to deal with one costly disaster after another, SARS, the Gulf Oil Spill, Mortgage collapse, banks and huge car companies nearly going bankrupt and wars in Afghanistan and Iraq.
«The last time the state imposed rates this high was in the 1970's — a decade in which the city lost half its Fortune 500 companies, about a million residents, and nearly went bankrupt.
But the failure of nations to craft a new global pact has caused demand for the CO2 offsets generated under the U.N.'s carbon markets to dry up, sending prices crashing and nearly bankrupting many of the companies that invested in the schemes.
BMW had nearly gone bankrupt when industrialist Herbert Quandt invested in the company in late 1959 and helped bring the successful Neue Klasse, or New Class, to life.
As a result of Ark restaurants» reliance on tourist locations and an overleveraged balance sheet, the company nearly went bankrupt.
Given that nearly all the major US coal companies are now bankrupt, and that coal - fired electricity is declining rapidly, I'd have expected a lot of «wrecking ball» pieces on the supposed damage to the economy (in reality, the effects are small and mostly offset by the expansion of renewables) now that mitigation policies of various kinds are taking effect.