Group says it will seek the removal of CEO Mel Karmazin if the company chooses bankruptcy over a deal with an investor that would allow it to remain solvent.
SCO is being eaten alive. Finally.
Shuttered Bitcoin exchange has asked a Tokyo court for permission to liquidate, citing the complexities in such a rehabilitation process, the Wall Street Journal reports.
The court has ordered the bankruptcy trustee to start liquidating the assets of the embattled bitcoin exchange.
The trustee evaluating the online gaming company's finances tells the San Jose Mercury News that the company had $30 million to $40 million in debt and little cash to pay.
Chinese auto parts supplier Wanxiang plans to offer repurposed Fisker Karma's with V-8 engines capable of bringing the car to 200 mph.
The cloud-gaming company was saddled with debt and was near closing before it received a new lease on life.
Having recently filed plans to start the Winklevoss Bitcoin Trust, the Harvard-educated twins of Facebook lawsuit notoriety plug Bitcoin as a potential currency for economically depressed nations.
Road Trip 2011: King Ludwig II bankrupted his state of Bavaria by building this fairytale castle, which was still under construction at the time of his mysterious death at age 41.
As its founder steps down, an investor and a top manager are taking over the struggling company.