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Reader's Digest Faces Bankruptcy: Assets Sold, No Layoffs Planned
The 72-year-old pocket-sized Reader's Digest magazine, is on unsteady financial ground after filing for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 %.....
created by Paulette Sedgwick | 2 years ago | updated 1 year ago
522 views | 8 recommendations | 5 comments
522 views | 8 recommendations | 5 comments
Tavern on the Green Restaurant in NYC Files for Chapter 11
Tavern on the Green, a famous restaurant in the middle of Central Park, has filed for Chapter 11 Bankruptcy protection. It will have to yield its license to another operator. "In a statement, the current license... Fontainebleau Las Vegas resort files for Chapter 11 bankruptcy
The $3 billion Fontainebleau Las Vegas resort project filed for Chapter 11 bankruptcy protection late on Tuesday, after a group of lenders pulled out of an $800 million loan that was needed to finish the... Goody's Family Clothing Goes Out of Business
Goody's Family Clothing will liquidate next week, despite months of attempts to keep the US retail chain alive. "The retailer filed for bankruptcy protection on June 9, saying it had been hurt by high gasoline and food prices that had forced consumers to cut back on...
created by Terri Potratz | 3 years ago | updated 3 years ago
2126 views | 1 recommendation | 1 comment
2126 views | 1 recommendation | 1 comment
Times Mirror Exec Payoffs Revealed in Tribune Bankruptcy Filing
In the wake of Monday morning's announcement that the Tribune Co. is filing for Chapter 11 bankruptcy, the company revealed many of its financial details, including a long list of hefty 'golden parachute' payouts to former top execs of Times Mirror.And to think that this...
created by Jarrett Martineau | 3 years ago | updated 3 years ago
808 views | 2 recommendations | 1 comment
808 views | 2 recommendations | 1 comment
Air America Radio files for Chapter 11 : AP
"NEW YORK -- Air America Radio, a liberal talk and news radio network that features the comedian Al Franken, has filed for Chapter 11 bankruptcy protection, a network official told The AP. The network had denied...Is Delphi the Oracle of things to come?
"Delphi not only halts production, breaks its union contract and lays-off workers, but it also bails on its underfunded pension liabilities. Awash in money GM seperated out Delphi for exactly those liablities. Now they come back to bite both companies in the ass. "NowPublic on Facebook
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