Among the companies whose shares are expected to see active trade in Tuesday's session are Daimler, Hasbro, Marvel, Satyam, Sirius, Teva and Wal-Mart. Wall Street was closed Monday for Presidents' Day.
TEL AVIV (MarketWatch) -- Among the companies whose shares are expected to see active trade in Tuesday's session are Wal-Mart Stores Inc., Medtronic Inc. and Chesapeake Energy Corp. Wall Street is closed Monday for Presidents' Day.
A Feb. 15 MarketWatch article on Young Broadcastingâ??s filing under Chapter 11 of federal bankruptcy law misstated the timing of a plan to sell its San Francisco affiliate. That plan was announced in January 2008.
In January I predicted (see Notable Bankruptcies of 2008) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 90 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 360 bankruptcies. I fully expect the filing pace to quicken as the year goes on, and as the economy continues to deteriorate. Below you can find an updated list of what I see as the “noteworthy” bankruptcies of 2009, as reported by <a[More...]
Get daily news and insights for the advertising, automotive, energy, financial services, food, health care, media, pharmaceutical, retail, technology, and travel industries.
