April 23, 2009
The automaker will reportedly close most of its plants in the United States for several weeks.
Wired PR News – General Motors is reportedly planning to temporarily close most of its plants in the US during the summer. As reported by the Associated Press (AP), the automaker giant will close the plants for up to nine […]
April 14, 2009
The number of bankruptcies is rising due to the recession.
Wired PR News – The number of bankruptcy filings for businesses and individuals in the U.S. is said to be on the rise, despite a fairly recent law designed to limit their numbers. As reported by the Associated Press (AP), an estimated 1.2 million debtors initiated […]
April 11, 2009
A judge ruled on Friday that investors could force Bernard Madoff into bankruptcy.
Wired PR News – A judge in New York ruled on Friday that investors scammed by ex-financier Bernard Madoff could try and recover lost funds by forcing him into bankruptcy. As reported by the Associated Press (AP), U.S. District Judge Louis L. Stanton’s […]
April 1, 2009
The Supreme Court heard arguments for an asbestos case on Monday.Wired PR News – The Supreme Court heard arguments in the case of Travelers Indemnity Co v. Bailey on Monday. As reported by Legal Times on Law.com, the case packed a full house of legal professionals including insurance and bankruptcy attorneys.As noted in the report, […]
April 1, 2009
General Motors and Chrysler rush to make necessary changes to meet the Obama administration deadline for proving sustainability.Wired PR News – General Motors and Chrysler are rushing to meet impending deadlines to make necessary changes to receive further government assistance. As reported by the Associated Press (AP), the auto giants have until June 1, to […]
March 9, 2009
Circuit City closes its doors after 60 years in business.
Wired PR News.com – What once grew to be the second largest retailer of electronics in the country has now closed its doors. As reported by the Associated Press (AP), Circuit City closed shop for good on Sunday after 60 years. Liquidators for the company have […]
January 15, 2009
An Indiana man is charged after intentional aircraft crash.
Wired PR News – An Indiana money manager has been criminally charged after it was discovered that he intentionally crashed his aircraft as part of a con, which resulted in a search by the Coast Guard to save him after receiving a phony distress call. As reported […]
December 20, 2008
Bush gives automakers short-term assistance, while many foresee turning to the Obama Administration for long-term help.
Wired PR News.com – Bush recently announced that he would give troubled carmakers $17.4 billion in emergency loans topping the $14 billion assistance package bill killed in Congress days prior. As reported by the Associated Press (AP), the President stated […]
December 19, 2008
The current administration is looking at an orderly bankruptcy as a possible solution for auto industry troubles.
Wired PR News.com – The White House announced on Thursday that the current administration is considering an ‘orderly bankruptcy’ to assist automakers in need of a financial bailout. As reported by the Associated Press (AP), as automakers await approval […]
December 11, 2008
The Tribune Co. filed for bankruptcy on Monday, making it the first major company in its industry to do so since Internet based news sharing widely increased in popularity, as reported by the Associated Press (AP). The Tribune Co. owns The Chicago Tribune, Los Angeles Times, and other daily news publications.
As quoted of analyst Ken […]
