going concern
| 5:50AM 8/18/2010
Here's news from the business world and other money matters to watch out for Wednesday (last updated at 7:59 a.m. Eastern time):
FCC Bungling Propelled 'Net Neutrality' Deal: Efforts by the Federal Communications Commission in recent years to maintain a level playing field for Internet traffic may...
| 7:00AM 4/07/2009
Most companies are close to death when they receive a "going concern" letter from their accountants. The missive means that there is a great deal of risk that the firm will not be in business in a year. Blockbuster (BBI) recently got its letter.
In its 10-K, the company said that "While we believe...
| 1:30PM 3/19/2009
Pummeled by falling sales and shrinking profit margins, outdoorsy retailer Eddie Bauer (EBHI) said in a regulatory filing that it could receive a vote of no confidence from its auditors unless it can rework the terms of a $225 million loan.
Like many retail chains, Eddie Bauer has had to slash...