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Syms-Filene's Basement shutting down
Off-price apparel retailer Syms and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores, including the location in Berlin, The Associated Press reports. Aside from the 267 Berlin Turnpike store
Updated: 11/02/2011 12:55P
Discount retailers Syms and Filene's Basement file for bankruptcy and will
The discount clothing chain, for more than 50 years a staple of New York City's retail scene, filed for Chapter 11 bankruptcy on Wednesday and will close its nationwide stores, including its subsidiary Filene's
Updated: 11/02/2011 12:55P
Filene's Basement, parent file for bankruptcy protection
Syms and Filene's will be jointly administered during the bankruptcy. The companies are seeking court approval to hire someone to handle the merchandise liquidation and for approval to conduct going out of business sales.
Updated: 11/02/2011 12:54P
Possible New Dodger Owner?
Bidders could include Mark Cuban, owner of the NBA champion Dallas Mavericks, who was runner-up when the Texas Rangers were auctioned in Bankruptcy Court last year. Chicago White Sox executive Dennis Gilbert, the former player agent who also bid on the
Updated: 11/02/2011 12:52P
MF Global Files for Bankruptcy and Plunges in First Day of OTC Trading
The futures broker suffered a ratings downgrade and loss of customers after revealing it had investments related to $6.3 billion in European sovereign debt. The night before MF posted its biggest quarterly loss, triggering a 48 percent stock plunge,
Updated: 11/02/2011 12:50P
Are big banks now in the clear for allegedly aiding Madoff?
US District Court Judge Colleen McMahon dismissed Picard's common law tort claims against JPMorgan Chase and UBS (and related defendants), finding that Picard does not have standing. Her ruling expands and reinforces a previous decision on the same
Updated: 11/02/2011 12:50P
No new negotiation on eurozone deal - Germany
Germany has warned that the eurozone plan to save Greece from bankruptcy is not up for renegotiation, ahead of emergency talks with Greece and France. Greek Prime Minister George Papandreou is to meet President Nicolas Sarkozy of France and Chancellor
Updated: 11/02/2011 12:46P
US: Syms and Filene's Basement in bankruptcy filing
Syms Corp and its Filene's Basement subsidiary have filed for Chapter 11 bankruptcy protection today (2 November). The discount retailer cited increased competition, fewer overruns by brands and the economic downturn for the reasons leading to the
Updated: 11/02/2011 12:43P
Syms and Filene's Basement to close all stores
Syms filed for Chapter 11 bankruptcy protection Wednesday and said it would shut down all of its stores by the end of January 2012. "This has been a challenging time for Syms and Filene's Basement," said Marcy Syms, CEO of Syms Corp, in a prepared
Updated: 11/02/2011 12:42P
Righthaven copyright troll's victims send in US marshals to seize its assets
Instead, it filed a flurry of appeals alleging (among other things) that having to pay the money would involve "the very real threat of being forced out of business or being forced to seek protection through bankruptcy." Righthaven contended that it
Updated: 11/02/2011 12:40P
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