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Tag Archives: Bankruptcy

MF Global files for bankruptcy protection

WASHINGTON (AP) — MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss. MF Global shares plunged 66 percent ...

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Kodak: A snapshot of an icon’s fall

Buffeted by fierce foreign competition, then blindsided by a digital revolution, photography icon Eastman Kodak Co. is teetering on a financial precipice after a quarter-century of failed efforts to find its focus. The 131-year-old company that turned picture-taking ...

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Harry & David files for Ch. 11 protection

Fruit basket and gift seller Harry & David filed for Chapter 11 bankruptcy protection Monday, brought down by a weak economy and a proliferation of competitors. The 75-year-old Medford, Ore., company agreed with a majority of its senior creditors ...

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Borders files for Ch. 11 bankruptcy protection

NEW YORK CITY — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.

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