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Unfortunately, the company faced financial challenges and filed for bankruptcy in the spring of 2022. By July 2022, ION announced the sale of parts of its assets and ceased operations during the bankruptcy procedure. However, the company successfully completed its bankruptcy reorganization and exited Chapter 11 bankruptcy by September 20221.
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Willbros was founded by Williams Brothers Company, founded by Miller & David Williams, in 1908. It is organized under the laws of Panama. It was reorganized as a public company in 1996. Originally headquartered in Tulsa, Oklahoma, the company moved to Houston, Texas, in 2000.
The largest freight bankruptcy in history punched a $5 billion hole in the economy, cost 30,000 jobs, and left the taxpayer holding the bag for a COVID bailout Irina Ivanova November 2, 2023 at 10 ...
In 2006 the company acquired a 20% interest in the Westinghouse Electric Company, the rest majority owned by Toshiba. In September 2011, Toshiba was reported to be in talks to acquire the Shaw stake. [1]
A sign adorns a Billabong store in Sydney' s CBD on August 28, 2014, as the embattled Australian surfwear firm posted a 218.2 million USD net annual loss.
The Houston plant was authorized in 1942 as part of the United States Rubber Reserve Program, [2] and opened in 1944 operated by Sinclair Rubber. It was subsequently purchased by a joint venture of Tenneco and FMC Corporation in 1955, and the joint venture was named Petro-Tex Chemical Corporation, also known as PTC Corporation, until sold to Texas Olefins in 1984.
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...