British Steel Goes Insolvent, Blaming Brexit
"There are a number of reasons why [British Steel's] turnaround has been very badly blown off course but the main one is Brexit,” its owner says.
PBGC Deficit Shrinks by One-Third to $51.4B
While the agency's overall financial health improved in 2018, its multiemployer program faces a "tremendous wave of insolvencies."
Collapsing Prices Force SolarWorld Insolvency
The German firm says it can no longer operate as a going concern due to a wave of cheap Chinese exports that has slashed solar panel prices.
Fed Changes Rule to Limit Emergency Lending
The final rule narrows the definition of "broad-based eligibility" to avoid bailouts of insolvent firms.
PBGC Finds Holes in Safety Net for Multiemployer Plans
A greater percentage of employees in multiemployer plans that go insolvent will have their benefits cut, says the PBGC.