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Syms, Filene's Basement Seek Bankruptcy Liquidation During Holiday Season
(SYMS) and its Filene's Basement LLC affiliate filed for bankruptcy in Delaware, the third time Filene's, the century-old clothing chain, has sought protection from creditors. The company listed assets of $236 million, including $97.7 million in real
Updated: 11/02/2011 12:22P
Educated retailers will love Syms' properties
Fate of Vornado Realty Trust's stake in company is unknown. By Adrianne Pasquarelli @SheLikesToBake The bankruptcy filing of Syms Corp. and it's Filene's Basement affiliate will leave open space in the Upper West Side and Union Square.
Updated: 11/02/2011 12:22P
Do I hear one billion? Possible bidders for Dodgers
When the news broke late Tuesday night/early Wednesday morning that embattled Los Angeles Dodgers own Frank McCourt had agreed to sell the franchise in a bankruptcy auction, the speculation began about who would be in the mix to purchase it.
Updated: 11/02/2011 12:20P
US: Syms Corp and Filene's Basement seek bankruptcy protection
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 combined with the economic downturn for the reasons leading
Updated: 11/02/2011 12:20P
MONEY MARKETS-US repo costs elevated on MF Global stress
MF Global's bankruptcy left its clients scrambling to move positions to new brokers, which rushed to the repo market to fund the trades. The bankruptcy meant MF lost the ability to clear trades through its clearing counterparty, The Fixed Income
Updated: 11/02/2011 12:18P
Harrisburg Mayor Optimistic Her City Can Avoid State Takeover
Thompson, who also renewed her opposition to the city council's recent decision to have the city file for bankruptcy, added that she thought Pennsylvania Gov. Tom Corbett's approval of legislation permitting a state takeover of the city's finances was
Updated: 11/02/2011 12:10P
Xamax escapes bankruptcy ruling
Neuchtel's troubled football club Xamax escaped being declared bankrupt at a court hearing on Wednesday. The judge turned down an application submitted by lawyer Ralph Isenegger who claims that Xamax owes him SFr400,000 ($454000).
Updated: 11/02/2011 12:09P
Frank McCourt Divorces Himself from the LA Dodgers
He owned the Dodgers for seven years before becoming embroiled in legal troubles, filing for bankruptcy protection and enduring a messy divorce that involved ownership of the team. A joint statement said there will be a "court-supervised process" to
Updated: 11/02/2011 12:03P
Frank McCourt Agrees to Sell, Fans Look Ahead to Change
The agreement came just before a showdown in bankruptcy court scheduled for later this month. The Dodgers filed for bankruptcy protection in June. The real question among Dodgers fans: Who will buy the team? Major League Baseball would like to have an
Updated: 11/02/2011 12:01P
Syms and Filene Basement seek bankruptcy protection, will close their stores
SECAUCUS, NJ (AP) — Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for Chapter 11 bankruptcy protection and plan to liquidate their operations. In Westchester, Syms and Filene's Basement have a combined store at 295
Updated: 11/02/2011 11:57A
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