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Syms, Filene's Basement File For Bankruptcy; Stock Up - Update
(SYMS: News ) and its wholly owned unit Filene's Basement Llc Wednesday filed for bankruptcy, as the off-price retailer succumbed to increased competition amid tough economic conditions. The news had a salubrious effect on SYMS stock, which gained
Updated: 11/02/2011 01:25P
Syms, Filene's File For Bankruptcy, Plan To Close All Stores
NEW YORK (AP) - Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores. Syms acquired Filene's Basement out of bankruptcy protection in the spring of 2009 for
Updated: 11/02/2011 01:25P
The 10 Best Semiconductor Values
Companies can trade at dirt cheap prices for a number of dire reasons, including low growth prospects, skepticism about earnings, or high risk of bankruptcy. These dangerous stocks can quickly crater. Buy too many of them, and you'll increase your own
Updated: 11/02/2011 01:24P
Filene's parent company seeks 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 01:18P
Richard Muller's global warming research points to the bankruptcy of further
Richard Muller? That's the prominent physicist and climate skeptic who finally decided to do some research on the world surface temperatures. In the wake of the Climate gate "Scandal", Muller felt it appropriate to do some follow up.
Updated: 11/02/2011 01:17P
MF Global's 'spectacular' collapse: Winners and losers
The brokerage firm files for Chapter 11 in one of the biggest bankruptcies in US history. But not everyone is particularly upset Former New Jersey governor Jon Corzine may come out of MF Global's bankruptcy with a $12.1 million severance package,
Updated: 11/02/2011 01:17P
McCourt: Frank McCourt to Sell Dodgers
McCourts decision comes after the embattled owner has fought through legal troubles and his filing for bankruptcy protection. The Dodgers and MLB were scheduled to meet in US Bankruptcy Court in Delaware at the end of November, when mediation for both
Updated: 11/02/2011 01:12P
Syms, Filene's Basement File for Chapter 11 Protection
Delaying liquidation until after the holidays could cost the company at least 10% to 20% in its recoveries on inventory, he said. The retailers have tapped liquidator Gordon Brothers Retail Partners LLC to handle going-out-of-business sales at five
Updated: 11/02/2011 01:10P
MF Global enters insolvency proceedings on both sides of the pond
US entities MF Global Holdings Ltd. and MF Global Finance USA Inc. filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. Also on 31 October, the US Securities
Updated: 11/02/2011 01:09P
Regulators Pushed Corzine's MF Global on Risky Bets
FINRA began conversations with MF Global about whether it was appropriate under Generally Accepted Accounting Principles to consider the exposure to be off balance sheet, according to the source, who was not authorized to speak publicly.
Updated: 11/02/2011 01:08P
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