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Resources Connection is buying Sitrick, Brincko

The Irvine consulting firm is buying the high-profile Century City public relations firm and the Riverside consulting shop that advises bankrupt companies. An Irvine-based consulting firm is buying two Southland consulting shops, including high-profile Century City public relations firm Sitrick and Co., which has represented a raft of bankrupt corporations …

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CIT Group says CEO Peek plans to resign

NEW YORK – (AP) CIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign at the end of the year. It is widely believed that the commercial lender, which has received $2.3 billion in federal bailout money, m

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The founder of Vizio envisions a wide-screen, flat-panel TV in every home

The job : Wang, 45, is the founder and chief executive of Vizio Inc., which has its headquarters in Irvine. Read the original: The founder of Vizio envisions a wide-screen, flat-panel TV in every home

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Avaya in $900 million deal for Nortel business

NEW YORK – (AP) Nortel Networks, which has been operating under bankruptcy protection since January, has selected Avaya as the successful bidder for its segment that makes communications systems for businesses. Basking Ridge, N.J.-based Avaya Inc. will pay $900 million in cash for Nortel Ent

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CIT told to submit capital plan to NY Fed (Reuters)

Reuters – Lender CIT Group Inc , which has been struggling to avoid bankruptcy, has 15 days to come up with a capital and liquidity management plan after an order from the Federal Reserve. View original post here: CIT told to submit capital plan to NY Fed …

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Guaranty Bank warns that it’s on the verge of failure

The firm, which has more than 50 branches in California, reports that its capital has been wiped out and that it is unable to raise new funds. Guaranty Bank, which has more than 50 branches in California, warned that it could become the biggest financial institution to fail this year. …

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R.H. Donnelley to reorganize under Chapter 11

CARY, N.C. – (AP) Yellow pages publisher R.H. Donnelley Corp., which has been struggling to service its debt as the recession slashes its revenue, said Friday it voluntarily filed to reorganize under Chapter 11 bankruptcy law

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Toys R Us acquires high-end retailer FAO Schwarz

NEW YORK – (AP) Geoffrey the Giraffe became a knight in shining armor for toy retailer FAO Schwarz, as Toys R Us Inc. said it acquired the troubled high-end retailer, which has struggled for years through bankruptcies amid tough competition from discount stores.   Analyst

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Posh Greenbrier seeks bankruptcy, sale to Marriott

CHARLESTON, W.Va.

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RV maker Monaco Coach files for Chapter 11

COBURG, Ore.

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