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.
Despite reluctance from three major carriers, creditors have agreed to extend Pantech's deadline for debt repayment by two years, keeping the South Korean company alive for the time being.
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 third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers.
The defeated Bitcoin exchange, which claims to have lost nearly $400 million to hackers, is ordered to hand over any remaining bitcoins to US and Canadian customers.
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.
The cloud-gaming company was saddled with debt and was near closing before it received a new lease on life.
Chinese auto parts supplier Wanxiang plans to offer repurposed Fisker Karma's with V-8 engines capable of bringing the car to 200 mph.