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Bookstores that depended on hardcover sales — from Barnes & Noble and Borders (which liquidated its business in 2011) to Rainy Day Books in Kansas City — glimpsed their possible doom.
In the same year, Goodyear Tire & Rubber Company, after having built more than 300 airships since it entered the business in the 1920s, sold its lighter-than-air operations to electronics manufacturer Loral, which liquidated the assets shortly thereafter.
John S. Koppel Bethesda, Md., Sept. 8, 2008 To the Editor: Re "Mortgage Giants Taken Over by U.S.: A Costly Bailout" (front page, Sept. 8): To limit the cost to taxpayers, the government should form an entity similar to the Resolution Trust Corporation, which liquidated the assets of the failed S.&L.'s during the 1990s.
At the Treasury and the Federal Reserve, career officials have talked for a long time about the need to set up an equivalent of the Resolution Trust Corporation, which liquidated insolvent savings and loan institutions in the 1980's and sold their assets, often at fire-sale prices.
Carrollton, Tex.-based drug distributor FoxMeyer Corp., which liquidated and was absorbed by McKesson, says a three-year project for a $5 million SAP system run by Andersen Consulting put it out of business.
Carrollton, Texas-based drug distributor FoxMeyer Corp., which liquidated and was absorbed by McKesson, says a three-year project for a $5 million SAP system run by Andersen Consulting put it out of business.
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Fidelity's 14 income-replacement funds, which liquidate by future dates at two-year intervals from 2016 to 2042, have been largely shunned by investors, attracting combined net assets through August of less than $45 million since their start in 2007.
After a multimillion-dollar lobbying effort by the credit industry, this measure made it very difficult for middle-class people to file for bankruptcy using Chapter 7, which liquidates debt.
Two multi-employer pension plans in the textile industry have already failed: the Japan Cotton Spinners' Industry Pension Fund, which was liquidated in November 1994, and the Hyogo Prefectural Textile Pension Fund, which followed in November 1995.
Among them were the Steadman funds, which were renamed the Ameritor funds, and the Lipper funds, which are not related to the fund analysis service, and which were liquidated last year.
It is the very desk he used at Drexel, which was liquidated in 1996.
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