News tagged with bankruptcy filing


Simmons plans to file for bankruptcy protection

Technology / Business

created Sep 25, 2009 | popularity not rated yet | comments 0

(AP) -- Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection in a move that will put new owners in charge of the bedding unit and significantly lower the ...


DirecTV sued over ads on Charter's bankruptcy case

Technology / Business

created May 12, 2009 | popularity 3 / 5 (1) | comments 0

(AP) -- Charter Communications Inc. is suing DirecTV Group Inc. over advertisements that try to persuade subscribers to switch TV service by touting Charter's bankruptcy filing.





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AOL to log additional $200M in restructuring costs

Technology / Business

created Nov 12, 2009 | popularity not rated yet | comments 0

(AP) -- New regulatory filings suggest many more layoffs could be coming at AOL LLC as it separates from Time Warner Inc. by the end of the year.


Adobe Systems announced on Tuesday it was cutting some 680 jobs worldwide

Adobe cutting 680 jobs

Technology / Business

created Nov 10, 2009 | popularity 4 / 5 (1) | comments 0

Adobe Systems, known for its Photoshop editing program and Acrobat document software, announced on Tuesday it was cutting some 680 jobs worldwide, about nine percent of its workforce.


EU objects to Oracle's takeover of Sun (AP)

EU objects to Oracle's takeover of Sun

Technology / Business

created Nov 09, 2009 | popularity 5 / 5 (5) | comments 0

(AP) -- European antitrust regulators have formally objected to Sun Microsystems Inc.'s planned $7.4 billion sale to Oracle Corp., escalating a battle over a deal that has already been cleared in the U.S.


Software cos. eye key patent case in Supreme Court (AP)

Software cos. eye key patent case in Supreme Court

Technology / Business

created Nov 08, 2009 | popularity 5 / 5 (4) | comments 2

(AP) -- With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections ...


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Google's desire to scan old books has critics casting it as Goliath

Technology / Internet

created Nov 06, 2009 | popularity 4.6 / 5 (5) | comments 6

Google's ambitious plan to scan millions of old, out-of-print books, many of them forgotten in musty university libraries, has turned into one of the biggest controversies in the young company's history.


Ancestry.com hopes to raise $100 million in IPO

Technology / Business

created Nov 04, 2009 | popularity not rated yet | comments 0

(AP) -- Genealogy Web site Ancestry.com hopes to raise about $100 million when it goes public this week. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenues, ...


FDA won't accept Merck's application for new drug (AP)

FDA won't accept Merck's application for new drug

Medicine & Health / Medications

created Nov 02, 2009 | popularity 3 / 5 (1) | comments 0

(AP) -- U.S. regulators have refused to accept drugmaker Merck & Co.'s application for a new, combination cholesterol pill that includes rival Pfizer's Lipitor, the world's top-selling drug.


Sun CEO's pay package cut by a third in '09 (AP)

Sun CEO's pay package cut by a third in '09

Technology / Business

created Oct 29, 2009 | popularity not rated yet | comments 0

(AP) -- The value of Sun Microsystems Inc. CEO Jonathan Schwartz's latest pay package dropped 37 percent from last year as the company lost more than $2 billion and was in such dire financial shape that it ...


Yahoo! and Microsoft have extended the deadline to finalize an agreement on their partnership

Yahoo!, Microsoft extend talks on Web search agreement

Technology / Internet

created Oct 28, 2009 | popularity not rated yet | comments 0

Yahoo! and Microsoft have extended the deadline to finalize an agreement on their Internet search and advertising partnership, Yahoo! said Wednesday.


FairPoint phone company files for bankruptcy

Technology / Business

created Oct 26, 2009 | popularity not rated yet | comments 0

(AP) -- Telecommunications services provider FairPoint Communications filed for Chapter 11 bankruptcy protection Monday after agreeing on a deal with key lenders that will help lower its debt by about 62 percent.



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