According to an article in the Bloomberg, Six Flags Inc. noteholders presented a competing bankruptcy plan to reorganize the bankrupt Six Flags theme park, accusing the Six Flags’ management team of creating a plan that only looks out for their interests.
The article said:
“Noteholders, who are collectively owed $1.3 billion, would split the company among themselves [...]

Several household-name companies are falling victim to the current economic downturn.
According to CNNMoney.com, some big name companies have either headed to bankruptcy court or are about to.  You may have seen some of them on the news already, but grouping them all together puts a different feel to it.  Check out the following list of [...]

Six Flags continuing relationship with Chrysler, while Kimberly Clark plans for job cuts.
According to the Dallas Morning News, Irving based, Kimberly Clark, Inc., announced today that it would be cutting 1,600 non-production jobs.  The jobs represent about 3% of their total workforce.  The article states:
“These actions, while difficult, are necessary to help us emerge from [...]