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 ...
Bloomberg L.P.

First Brands’ Business 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 Wins Access to Last $600M of Emergency Funds

[Stay on top of transportation news: Get TTNews in your inbox.] First Brands Group won access to $600 million of remaining bankruptcy financing, which company lawyers said was needed to prevent the ...
USA Today

Shae Cornette named full-time 'First Take' host at ESPN with Stephen A. Smith's blessing

Shae Cornette has been named the new full-time host of ESPN's "First Take," joining the popular Stephen A. Smith-led program. Cornette, who joined ESPN in 2020, has previously been a fill-in host for ...
The Economist

First Brands is a painful but necessary warning for Wall Street

In court the firm’s lawyer described it as tremendous. That may have been true once, but today First Brands is a disaster. On October 13th Patrick James, its chief executive, resigned; America’s ...
Variety

Uwe Boll Returns With Parts 2 and 3 of Paramount+ Hit ‘First Shift,’ Eyes Possible Series (EXCLUSIVE)

Uwe Boll has wrapped principal photography on the second and third installments of his hit cop movie “First Shift” in New York City while aiming for a possible series based on the franchise. The 2024 ...
Business Wire

First Brands Group Announces Leadership Transition

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that Charles Moore has ...
The New York Times

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets. By Ryan Mac The embattled chief executive of First Brands, an American auto-parts maker that ...
Seeking Alpha

Red flags at First Brands ignored by creditors

Auto-parts maker First Brands declared bankruptcy a couple of weeks ago and left investors and creditors with billions of dollars in potential losses, yet it remains unclear what exactly went wrong.
Reuters

First Brands obtains bankruptcy judge approval for $500 million rescue financing

NEW YORK, Oct 1 (Reuters) - Bankrupt auto parts supplier First Brands, opens new tab on Wednesday received a U.S. judge's permission to proceed with the first phase of a $1.1 billion bankruptcy loan, ...
U.S. News & World Report

First Brands Files for Bankruptcy, Revealing Billions of Dollars in Liabilities

NEW YORK (Reuters) -U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose rapidly ...