Search results
Results From The WOW.Com Content Network
It was nationalised, and then sold to Virgin Money in 2012. IndyMac: United States: 11 July 2008: Banking: IndyMac invested heavily in Alt-A mortgages and reverse mortgages. After many of these loans failed and couldn't be sold during the U.S. subprime mortgage crisis the company had to file for Chapter 7 bankruptcy. Lehman Brothers: United ...
Famous for its mascot, Baby Bob, the company lost $19 million in 1999 on revenues of less than $1 million. [18] Gadzoox: A storage area network company, its shares tripled on its first day of trading giving it a market capitalization of $1.97 billion; the company was sold 4 years later for $5.3 million.
Blockbuster Music – sold to Wherehouse Music in 1998; [125] some locations converted to Wherehouse Music; majority were closed; Blockbuster Video – sold to Dish Network in 2011; [126] all company-owned stores were closed January 12, 2014, but 1 franchise store remains open in Bend, Oregon. [127] Bookstop
Let’s look at five big companies that suddenly went out of business, and explore why they tanked so abruptly. Blockbuster Some of us nostalgic for the good old days miss seeing Blockbuster in town.
For more companies, head on over to 5 Biggest Failed Companies Due To Poor Management. The allure of the corporate world results in thousands of fresh graduates flocking to the corporate sector ...
Then there's the list of "companies that had license agreements with President Trump [that] have failed": "Trump Shuttle, Inc., launched by President Trump in 1989, defaulted on its loans in 1990 ...
The collapse of SVB had significant consequences for startup companies in the U.S. and abroad, [13] with many briefly unable to withdraw money from the bank. [14] Other large technology companies, media companies, and wineries were also affected. For a number of founders and their venture capital backers, this was the bank of choice. [15]
This article originally appeared on GOBankingRates.com: 14 Top Companies That Lost Big Money in Lawsuits. Major companies have the resources to pay for top-of-the-line legal teams and financially ...