SCO Group files for bankruptcy protection
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A month after a devastating legal ruling, The SCO Group says it's filed for Chapter 11 bankruptcy protection while it reorganizes.
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The airline industryâs financial crisis deepened yesterday as cash-strapped US Airways Group Inc., the nationâs seventh-largest carrier, filed for bankruptcy protection for the second time in two years.
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McLean-based furniture maker Rowe Cos. filed for bankruptcy protection yesterday and announced plans to sell Storehouse, the company's home furnishings retail outlet, to focus on its manufacturing business.
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The San Francisco-based retailer filed for Chapter 11 bankruptcy protection, saying declining sales and three straight years of losses led to a shortage of liquidity.
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US Airways Group Inc., the nation&#39;s seventh-largest airline, filed for bankruptcy protection Sunday for the second time in two years.
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InfoWorld - With its cash reserves running out and its legal case against IBM unravelling, The SCO Group now says there is doubt that it will remain afloat.
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Russian oil group YUKOS has filed for bankruptcy protection in a US court in an attempt to stop the Russian government from auctioning off its main production unit on Dec.
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Tower Automotive Inc. , a large supplier of truck frames and body structures that has been struggling with a cash shortage, on Wednesday filed for bankruptcy protection from creditors.
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(InfoWorld) - Following its bankruptcy filing, The SCO Group may be booted off of the Nasdaq stock exchange as early as next week, the Unix vendor said Wednesday. The stock exchange informed SCO on Tuesday that "the Company's securities will be delisted from Nasdaq on September 27, 2007, pending an appeal," SCO said in a statement . This comes as a result ofÂ SCO's recent filing for Chapter 11 bankruptcy protection,Â the companyÂ said. SCO has asked for a hearing to appeal the decision, so it may be able to stave off delisting if it can present the Nasdaq's Listing Qualifications Panel -- a group of independent industry experts -- with a viable business plan, said Wayne Lee, a Nasdaq spokesman. The delisting notice is the latest in a series of bad news for the company, stemming from its August 10 legal defeat to Novell. In a series of rulings,Â a federal judge found that Novell and not SCO owned copyright to the Unix operating system. In addition to putting SCO in a position where it may have to pay millions of dollars in compensation to Novell, the ruling also underminedÂ SCO's legal battle with IBM, which relates to IBM's support of the Linux operating system. "As a result of both the Court's August 10, 2007, ruling and the Company's entry into Chapter 11, there is substantial doubt about the Company's ability to continue as a growing concern," SCO said in its most recent U.S. Securities and Exchange Commission filing. SCO's stock (SCOX) has been pounded since August 10, when it opened at $1.49. On Wednesday it closed at $0.20.
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InfoWorld - Following its bankruptcy filing, The SCO Group may be booted off of the Nasdaq stock exchange as early as next week, the Unix vendor said Wednesday.
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Yukos, the embattled Russian oil company, has filed for bankruptcy protection in an American court in an attempt to halt the sale of its Yuganskneftegas oil unit.
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In documents filed Friday with the U.S. District Court for the District of Utah, IBM sought the dismissal of a major component of the lawsuit filed against it last year by The SCO Group.
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The SCO Group has asked the Utah district court overseeing its $5 billion suit against IBM to postpone any decision on any IBM dispositive motions - like the one the court is supposed to hear on Wednesday seeking a partial summary judgment in IBM&#39;s favor
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Tower Automotive Inc. TWR.N, a large  supplier of truck frames and body structures that has been  struggling with a cash shortage, on Wednesday filed for  bankruptcy protection from creditors.
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$1.20 to go SCO Group shares went south in a hurry during Friday's trading, as investors reacted to the company's legal misfortunes.â¦
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ARLINGTON, Va. - US Airways Group Inc., the nation's seventh largest airline, filed for bankruptcy protection Sunday for the second time in two years...
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Russian oil group YUKOS has filed for  bankruptcy protection in a U.S. court in an attempt to stop the  Russian government from auctioning off its main production unit  on Dec. 19, it said on Wednesday.