Gulp…

Fifteen companies that might not survive 2009. Some – Chrysler, Blockbuster Video, Rite Aid – have been in trouble for years, but I didn’t know Dollar/Thrifty Car Rental and Sbarro were struggling so badly.
This could make the next season of The Celebrity Apprentice a bit awkward:

Trump Entertainment Resorts Holdings. (TRMP; about 9,500 employees; stock down 94%). The casino company made famous by The Donald has received several extensions on interest payments, while it tries to sell at least one of its Atlantic City properties and pay down a stack of debt. But with casino buyers scarce, competition circling, and gamblers nursing their losses from the recession, Trump Entertainment may face long odds of skirting bankruptcy.

Via Hit & Run. GM and Ford are not on the list – yet.
Damian P.

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2 thoughts on “Gulp…

  1. Hasn’t the Trump empire – or parts of it – been in serious financial trouble before? And recovered by negotiations with creditors? If my recollection is correct, this is not the first time the Atlantic City properties have been close to default. Maybe this go-round the creditors are fed up.

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