WILMINGTON , Del. – (AP) A federal bankruptcy judge on Tuesday denied a request by Washington Mutual Inc
Tagged certain-asset, chapter, federal-bankruptcy, judge-on-tuesday, keep-details, mutual-inc-, sales-secret-, tuesday, which-filed(AP) The lackluster holiday season and deepening recession will take a toll on retailers around the country. Experts are predicting the worst rash of store closings in 35 years. Already, Circuit City is operating under bankruptcy protection.
Tagged all-announced, are-predicting, around-the-country, country, going-out, season-and, the-country, the-worst, things, toll-on-retailers, will-takeHAMBURG , Germany – (AP) Gimotive/Stankiewicz GmbH, a supplier of soundproofing insulation used by auto makers, has sought bankruptcy protection, the district court where it was filed said Tuesday.
Tagged auto-makers, bankruptcy-protection, district, font, gimotive, has-sought, insulation-used, size, the-district, tuesdayRICHMOND , Va.
Tagged 485-million-, bankruptcy-protection, chapter, chesapeake, has-filed, investors-for, sell-itself, specialtyNEW YORK – (AP) The financial whirlpool created by Bernard Madoff continued to churn Tuesday as the price tag of liquidating his old firm rose, and duped investors including the actors Kevin Bacon and Kyra Sedgwick struggled to accurately estimate how much they lost. A publicist for the celebrity couple co
Tagged accurately-estimate, actors, and-duped, celebrity, firm-rose, how-much, including-the-actors, kevin, kevin-bacon, publicist-for, sedgwick, the-price(AP) The good news for retailers reeling from the holiday sales season is that 2008 is almost over. The bad news: The fallout in 2009 could be worse. This year’s retailing slide when stores were forced to cut prices to convince wary consumers to spend promises to have a lasting impact ….
Tagged a-lasting-impact, almost-over-, bad-news, cut-prices, for-retailers, from-the-holiday, good-news, holiday, reeling-from, retailing-slide, sales-season, spend-promises, the-holiday, were-forced, yearLONDON – (AP) British children’s clothing retailer Adams Childrenswear Ltd. is on the brink of a form of bankruptcy protection, a spokeswoman for the 75-year-old company said Monday, which would make make Adams the latest well-known British retailer to fall victim to the economic downturn.
Tagged adams, adams-childrenswear, bankruptcy-protection, british, clothing-retailer, div-style, economic, fall-victim, for-the, latest, monday, the-economicLONDON – (AP) British clothing company USC filed for a form of bankruptcy protection Monday, as the economic downturn claimed another major UK retailer. Edinburgh, Scotland-based USC, a retailer t
Tagged another-major, downturn-claimed, economic, filed-for, major, scotland-based, the-economic, usc(AP) Retailers have come under growing pressure as consumers cut their spending because of the drop in home values, worries about job security, eroding credit and higher food costs.
Tagged after-holiday, and-higher, become-unable, consumers-cut, drop, eroding-credit, food, have-come, home-values, retailers, tallied-and, their-spending, weaker-playersSHANGHAI , China – (AP) U.S. car parts maker Delphi Corp. has suspended work at a factory in Suzhou due to shrinking demand amid the global economic slump, a media report an
Tagged a-media-report, amid-the, amid-the-global, car-parts, delphi-, delphi-corp-, global, global-economic, has-suspended, media-report, shrinking-demand