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Friendly's Files for Chapter 11 Bankruptcy; Closes 63 Restaurants
Friendly's announced Wednesday it has filed for Chapter 11 bankruptcy protection due to the country's struggling economy and the rising prices of commodities. The nationwide restaurant chain said 424 locations will remain open for business,
Updated: 10/05/2011 12:00P
Friendly's closes 63 stores nationwide including local Congress Street restaurant
SARATOGA SPRINGS — The parent of the Friendly's restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and said that it has already closed 63 of its stores. Each store employed about 20 people, so about 1260 jobs were lost.
Updated: 10/05/2011 11:59A
Obama jobs event includes struggling Kodak
With a new unemployment report due out Friday, the President's Council on Jobs and Competitiveness plans to meet amid reports that the company of one of its members may be near bankruptcy. Antonio Perez, the CEO of Kodak,
Updated: 10/05/2011 11:58A
Dodgers Seek 'Irrelevant and Confidential' Data, MLB Says
The team is asking for “irrelevant and confidential information about the other MLB clubs and different decisions by the commissioner,” Selig said in papers filed yesterday in US Bankruptcy Court in Wilmington, Delaware. The request “is baseless,” he
Updated: 10/05/2011 11:58A
Ambac Wins Approval of Reorganization, Nears Tax Resolution
US Bankruptcy Judge Shelley Chapman in Manhattan court today approved the so-called disclosure statement, paving the way for creditors to vote on a final Chapter 11 plan. She overruled objections from shareholders who said the plan will improperly give
Updated: 10/05/2011 11:58A
Friendly's Files For Bankruptcy; Will Close 63 Restaurants
According to Reuters, Friendly's filed for Chapter 11 bankruptcy protection, Wednesday October 5, and the company will close 63 of it's iconic restaurants while keeping 424 open. A manger at the Mystic Friendly's on Greenmanville Avenue said the
Updated: 10/05/2011 11:56A
Ailing Friendly's closes Vt restaurant
By WCAX News - bio | email The Friendly's restaurant chain is filing for Chapter 11 bankruptcy protection and has already closed 63 of its restaurants, including one in Vermont. Friendly's operates several restaurants in Vermont, among nearly 500
Updated: 10/05/2011 11:56A
Mass. To Lose 30 Friendly's Locations After Bankruptcy
AP & Staff Reports Almost half of the 63 Friendly's Ice Cream Corp. restaurants closed after the parent company of the struggling casual dining chain filed Chapter 11 bankruptcy are in Massachusetts. A total of 30 Massachusetts locations of the
Updated: 10/05/2011 11:55A
Friendly's ice cream files for Chapter 11 bankruptcy; Pocono restaurants to
Friendly's ice cream firm, which employs roughly 10000 people and operates more than 400 restaurants known for sundaes and hamburgers, filed for Chapter 11 bankruptcy Wednesday. Restaurants in Doylestown and Pottstown are slated to close.
Updated: 10/05/2011 11:53A
Tronox Sells 39% Stake to Exxaro to Gain Mineral Operations
26 (Bloomberg) -- Tronox Inc., the pigment producer that exited bankruptcy in February, agreed to sell a stake to Exxaro Resources Ltd. to gain controlling interests in mineral operations and become the largest integrated maker of titanium dioxide.
Updated: 10/05/2011 11:52A
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