Bankruptcy said to be a ‘very legitimate risk’ for Sprint
Shares of Sprint stock fell 4.5% Monday morning after an analyst said there is an increasing risk that the nation’s third largest wireless carrier could …
debt
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Employees fight for pay as Modu is forced to close its doors
Modu Ltd., maker of some of the smallest cell phones in the world, will soon be forced to shut its doors according to a pair …
Clearwire plans to shake the money tree, looking to raise $1.1B through sale of debt securities
Last month, we reported on the short-term liquidity problems on the horizon for WiMAX network operator Clearwire, and today, the company has announced measures aimed …
Blockbuster filing for bankruptcy
Via a press release, Blockbuster has announced a “pre-arranged” bankruptcy in order to “recapitalize” and “substantially reduce its indebtedness.” The Chapter 11 filing will take the embattled company’s debt …
Blockbuster to be delisted from the NYSE
Blockbuster continues its downward spiral as it has been suspended from trading and forced to delist from the NYSE effective next Wednesday. Currently trading at …
