Canadian Business Network

Subscribe:

Magazine

Newsletters

Read Magazine

Home
News & Markets
News & Markets
- Recent Articles IMF calls for more UK action to promote demand, inflation down to 3 pct in April,
- Australia's Qantas to separate domestic business from loss-making international arm
- Peninsula Airways selects Discovery Air Technical Services to do maintenance
- Canadarm on space station plays key role in first visit by commercial spacecraft
- Nissan's luxury Infiniti brand opens HQ in Hong Kong to get closer to China auto market
- Vodafone full-year profit down 11 pct as Italy, Spain drag on European operations
- Topics
- Daily News Headlines
- Stocks, Bonds, Commodities
- Joe Castaldo's Blog
- Industries
- Energy
- Financial
- Consumer Goods
More from News & Markets
Blogs & Analysis
Blogs & Analysis
- Recent Articles WestJet answers some in-flight tablet questions
- Newly public, Facebook faces new public responsibilities
- Facebook: the Internet's Rocky Balboa
- Out with the old, in with Ackman—and good riddance
- Facebook face-off
- Our Authors
- Larry MacDonald
- Chris MacDonald
- Jacqueline Nelson
- Jeff Beer
- Peter Nowak
- Richard Branson
- James Cowan
- Samson Okalow
- ALL AUTHORS
More from Blogs & Analysis
Strategy
Strategy
- Recent Articles Tim Hortons' new coffee cup: why the supersize?
- CEO Poll: How high gas prices affect business
- Google Drive accelerates shift to cloud computing
- Quiz: How well do you know Canada's housing market?
- Q&A: Brian Scudamore, founder/CEO, 1-800-Got-Junk
- Baseball ticket sales mirror consumer confidence
More from Strategy
Technology
Technology
- Recent Articles RIM attempts turnaround
- Are location-based apps the future of dating?
- Microsoft sets sights on SKorean digital education
- Facebook stock slide deepens on 3rd trading day
- Google completes Motorola Mobility acquisition
- Topics
- Technology Blog
- RIM
- Energy Industry
- Samson Okalow's Blog
- Jeff Beer's Blog
More from Technology
Investing
Investing
- Recent Articles Investing in sin stocks
- Facebook: Press the 'like' button, soon
- Facebook stock up slightly in public debut
- Facebook: Steer clear of the hype
- Fred Green CEO of CP steps down, 6 directors won’t stand for re-election
- Retirement planning is easier in small chunks
- Topics
- Investing Blog
- Financial
- Daily News Headlines
- Real Estate
- Larry MacDonald's Blog
- Thomas Watsons' Blog
More from Investing
Lifestyle
Lifestyle
- Recent Articles Tim Hortons' new coffee cup: why the supersize?
- Subliminal: How Your Unconscious Mind Rules Your Behavior
- Q&A: Alan Bell, open water swimmer
- When should you leave the office and go home?
- Extreme Trust: Honesty as a Competitive Advantage
- The End of Growth
More from Lifestyle
Lists & Rankings
Lists & Rankings
- Lists & Rankings
- Investor 500
- Rich 100
- Portraits In Leadership
- Puck Money
- Canada's Richest Neighbourhoods
- MBA Guide
- 2012 TSX Venture 50
- Outlook 2012
- Best Jobs 2012
More from Lists & Rankings

Hot Topics:

Print Text: A A

Topics AP

Ahern Rentals files for Chapter 11 protection

By AP | December 23, 2011

Chat Email

LAS VEGAS (AP) — A Nevada-based construction equipment supplier has filed for bankruptcy protection to reorganize more than $500 million in debt.

Ahern Rentals Inc. said in a Chapter 11 filing Thursday in U.S. Bankruptcy Court in Reno that its debts and assets each were valued at between $500 million and $1 billion.

The Las Vegas Sun reports (http://bit.ly/uBbfrO ) the company, with headquarters in Las Vegas and Reno, has 74 locations in 22 states.

It rents and sells construction equipment including scissor lifts, front-end loaders, backhoes and excavators.

Company CEO Don Ahern says in a statement that the company has sufficient liquidity to meet commitments to customers, vendors and employees, and he expects no interruption in operations.

A company says existing lenders have agreed to about $50 million in financing pending bankruptcy court approval.

Print Text: A A

Topics AP

Comments

Comment Anonymously Login to Comment

User name:
User email: Your email will not be displayed
Title:
Comment
Share to Facebook

Cancel

Sort

Loading comments - please wait...

1 of 1 Back Next

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

TOOLS:

Stock Quote / Mutual Funds / Portfolio

Market News

More Market News

Popular
Commented

House prices in Canada

9 reasons why you don't need to panic.

Poll

View the results from recent polls

twitter From Twitter

Connect

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

Rankings & Awards

More Awards & Rankings

More from the Canadian Business Network

Canada's Best Jobs 2012: Wondering who's hiring, what they're paying and whether their industry is booming or dwindling? Our rankings will help you plot a practical course through today's job market.

Emerging markets offer investment upside: Beaten down in 2011, emerging markets are now offering a lot of upside—and the risk is overstated.

House prices: 9 reasons not to panic: Like stocks, buy and hold beats timing the housing market.

Thieves of Bay Street: Book review: Muckraker Bruce Livesey delves into how the Canadian government bailed out corporations in the latest recession.

Index funds offer retirement riches: Just two index funds and a once-a-year portfolio rebalancing can make you rich.

ISSUE: June 2012

PROFIT: Issue - March 2012

Issue: April 30, 2012

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

Blogs & Analysis: CSR; /; Business Ethics; /; Consumer Insight; /; Sales & Marketing; /; Performance; /; Tech; /; Business Briefings; /; Investing

Multimedia: CBN Podcasts; /; CBN Videos; /; CBN Galleries

Tools: My Portfolio; /; Discussions; /; Stock Quotes; /; Mutual Fund Lookup