Transport Topics

First Brands Flails as Customers Don’t Know Who to Pay

As First Brands Group makes its way through bankruptcy court, the auto parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay. As the extent of First ...
Transport Topics

First Brands Enters Mediation as Shutdown Looms

First Brands Group and its main creditors will start confidential mediation sessions to potentially resolve a series of business-crippling disputes that have left the auto parts maker weeks away from ...
Bloomberg L.P.

First Brands Gets $1 Billion in Fresh Cash to Avert Collapse

A broad group of First Brands Group LLC lenders rushed to provide $4.4 billion of rescue funding to save the auto-parts supplier from imploding, lawyers said Wednesday, as restructuring advisers ...
CBS News

First-time homebuyers are an endangered species in the U.S.

The dream of homeownership is fading for millions of Americans. Figures from the National Association of Realtors (NAR) show that only 24% of housing sales last year were by first-time homebuyers — ...