July 10, 2009
The automaker plans major changes as it prepares to leave bankruptcy.
Press Release Service – Wired PR News – General Motors Corp. (GM) is reportedly planning major changes within the company as it prepares to exit being under bankruptcy protection. As reported by the Associated Press (AP), included on the list of changes is a bigger […]
July 5, 2009
The body and home care retailer has filed for Chapter 11.
Press Release Service- Wired PR News – Body and home care retailer Crabtree and Evelyn Ltd. has announced its filing for Chapter 11 bankruptcy protection. As reported by the Associated Press (AP), the company was forced into filing due to mounting debt and mismanagement.
Crabtree and […]
June 19, 2009
The retailer has reportedly filed for Chapter 11 bankruptcy protection.
Wired PR News – Eddie Bauer has been added to the list of companies resorting to filing for Chapter 11 bankruptcy protection due to financial strain linked to the recession. As reported by the Associated Press (AP), the retailer made the filing on Wednesday. However, a […]
June 11, 2009
The Italian automaker has taken over a significant portion of the company’s assets.
Wired PR News – Fiat has now taken over the majority of Chrysler’s assets as part of a major deal. As reported by the Associated Press (AP), the Italy based company closed the deal with Chrysler Wednesday, which facilitated the creation of Chrysler […]
June 9, 2009
The Supreme Court makes decision to put Chrysler’s sale to Fiat on hold.
Wired PR News – The Supreme Court blocked the sale of Chrysler’s assets to Italian automaker Fiat on Monday. As reported by the Associated Press (AP), Justice Ruth Bader Ginsberg issued an order blocking the sale pending further review.
As noted by the AP, […]
June 2, 2009
The two corporations are taken out of the stock index on Monday.
Wired “PR News – A surprising move was made by the Dow Jones industrial average Monday. As reported by Reuters, once well respected corporations General Motors (GM) and Citigroup have been removed from the index and will be replaced by Cisco Systems Inc. and […]
May 27, 2009
The automaker is seeking permission to sell assets despite objections.
Wired PR News – Financially struggling Chrysler will appear in bankruptcy court Wednesday. As reported by the Associated Press (AP), the automaker will request permission to sell many of its assets to a Fiat headed group to prevent having to resort to liquidation. The move has […]
May 25, 2009
Despite a flailing economy, several industries are still seeing steady profits.
Wired PR News – Some industries have remained highly profitable despite a recession that has brought many businesses to the brink of bankruptcy. As reported on CNN Money.com, some industries have benefited from individuals changing their focus from shopping as a pastime to spending their […]
May 20, 2009
Dealerships offer more deals on vehicles due to time constraints for selling their inventory.
Wired PR News – With limited time to sell their vehicle inventory, many Chrysler dealerships are offering bargains on thousands of vehicles. As reported by the Associated Press (AP), the dealerships, recently spurned by the financially struggling Chrysler corporation, have been left […]
May 1, 2009
The automaker filed for bankruptcy protection on Thursday.
Wired PR News – The third largest automaker in the United States has filed for Chapter 11 bankruptcy protection. As reported by the Associated Press (AP), Chrysler resorted to filing on Thursday as part of an effort to restructure and become a more self-sufficient company. A bankruptcy court […]
