News tagged with bankruptcy filing
Simmons plans to file for bankruptcy protection
Sep 25, 2009 |
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(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
May 12, 2009 |
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(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
Nov 12, 2009 |
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(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 cutting 680 jobs
Nov 10, 2009 |
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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
Nov 09, 2009 |
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(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
Nov 08, 2009 |
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(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 ...
Google's desire to scan old books has critics casting it as Goliath
Nov 06, 2009 |
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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
Nov 04, 2009 |
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(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
Medicine & Health / Medications
Nov 02, 2009 |
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(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
Oct 29, 2009 |
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(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!, Microsoft extend talks on Web search agreement
Oct 28, 2009 |
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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
Oct 26, 2009 |
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(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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