News Tag: filing
December 29, 2009
Shares in troubled Japan Airlines (JAL) plummeted by 11% today to a record low of 85 yen amid reports that the carrier could be forced to file for bankruptcy.
The stock has lost almost 60% of its value this year.
The airline, which is Asia’s largest carrier, has been struggling amid the global economic downturn which has led to ...
Japan Airlines shares hit record low amid bankruptcy rumours
by Kay Murchie
June 1, 2009
US car giant General Motors (GM) has today declared itself bankrupt, symbolising the largest collapse of an industrial company in US history.
The move, which has the support of the US Government, was widely expected in the wake of plummeting car sales.
According to the Obama Administration, the US Government will take a 60% stake in the car maker, but according to ...
General Motors files for bankruptcy protection
by Kay Murchie
May 31, 2009
Many reports over the weekend have speculated that General Motors (GM) is expected to file for Chapter 11 bankruptcy tomorrow.
The century-old car maker, which was once the biggest company in the world, reaches its deadline tomorrow of restructuring the business in order to achieve a multi-billion dollar loan from the Government to avoid bankruptcy protection.
So far, the company ...
General Motors expected to file for Chapter 11
by Kay Murchie
April 8, 2009
According to a report in the Daily Mail, the world’s largest carmaker General Motors (GM) is preparing for bankruptcy.
While the company is hoping to win concessions from its creditors, the threat of going bust puts 5,000 jobs at risk at Vauxhall in Ellesmere Port, Cheshire and Luton as well as 60,000 supply jobs.
GM wants its creditors to ...
UK jobs under threat as GM prepares for bankruptcy
by Kay Murchie
