Do you have gift cards lingering in your wallet from RadioShack or Deb? If so, put down the device you’re reading this post on and head over to the store right now to spend that card. That’s only slightly hyperbolic, but card holders will need to get to RadioShack before March 5 and to Deb before March 8 to cash in their cards before they’re worthless. [More]
The SkyMall catalog has always been good for a chuckle when you have absolutely nothing else to read during a flight and you just can’t sleep. Some people have presumably even bought stuff through the publication, as it’s difficult to sustain a business for 25 years if the only revenue is punchlines. But apparently not enough of us are doing our inflight shopping through SkyMall, as the company has filed for Chapter 11 bankruptcy protection. [More]
Like my Great Uncle Aloysius always used to say — if at first you don’t succeed at restructuring your failing pizza chain under Chapter 11 bankruptcy protection, try, try again. After its first round with Chapter 11 didn’t work out so well, Sbarro is reportedly planning to file for bankruptcy again. [More]
If you watch daytime TV or have been stuck watching daytime TV while visiting your parents, surely you’re familiar with The Scooter Store. The power wheelchair vendor has had some trouble lately, including accusations of Medicare and Medicaid fraud, a raid by the FBI, and even a lawsuit from the company’s hometown, of New Braunfels, Texas. The company laid off most of its employees, and plans to deal directly with health care providers, rather than blanketing the airwaves and selling directly to consumers.
Bankruptcy Court Signs Off On US Airways/American Merger, But Not On $20 Million Payout To Outgoing CEO
Yet another hurdle in the race to the altar for American Airlines and US Airways has been cleared, with the bankruptcy court giving its blessing on the matter, but reserving judgment on a proposed $19.9 million payout to outgoing CEO Tom Horton. [More]
Back in January, Hostess Brands Inc., makers of the Twinkie and lots of other snacks (but mostly the Twinkie) declared bankruptcy. Yesterday the company finally filed its plan to get out of bankruptcy, which basically amounts to telling its equity owners, “Thanks for all the money, now go away.”
Kodak, the company whose name was once synonymous with photography, announced today that it will phase out its digital cameras, pocket video cameras and digital picture frames during the first half of this year, as it fights to crawl out from under Chapter 11 bankruptcy protection.
The new year isn’t getting off to a good start for the photo folks at Eastman Kodak Co., which is reportedly preparing to file for Chapter 11 bankruptcy protection if it can’t unload a pile of its patents on buyers in the next few weeks.
The third-largest airline in the U.S. has more to worry about than delays and baggage fees. Earlier today, American Airlines announced that it and its parent company are filing for Chapter 11 bankruptcy protection, and that its CEO has stepped down.
Marie Callendar’s may be known for warm pot pies, but patrons and employees of Marie Callendar’s restaurants in Washington got a cold bit of news last night: The eatery’s parent company told restaurant managers they needed to shut down and tell customers — some in the middle of their meals — to get out.
American Apparel, the store perhaps better known for the barely legal, oft-undressed models in its ads, and the peccadilloes of company founder Dov Charney, than for its actual clothing, has alerted the Security and Exchange Commission that it may need to file for Chapter 11 bankruptcy protection.
Lovers of lukewarm pizza, despair. Troubled pizza chain Sbarro is getting ready to file for Chapter 11 Bankruptcy. The slice slingers are $365 million in debt and made the move after missing their interest payments. Part of the reason Sbarro has been suffering is because it has a lot of shops tied up in malls. Traffic to those dying down with the recession and the rise of online shopping has meant fewer patrons hitting the food court. The other reason is that their pizza is just sad.
Ultimate Electronics, a Colorado-based chain, took on a nationwide expansion in 2010, opening new stores, entering new markets, and taking over a lot of empty retail space abandoned by Circuit City. Now the big-box dream is over: the company filed for Chapter 11 bankruptcy in late January, and announced this week that it will liquidate and close all 46 stores.
Extended car warranty company US Fidelis already stopped selling new car service contracts and laid off over half of their staff at the end of 2009, and has now filed for Chapter 11 bankruptcy protection.