Italy works on extending Alitalia loan deadline: source
ROME (Reuters) – Italy is working on an extension of as much as six months to a Dec. 15 deadline for Alitalia to repay a 900 million euro ($1 billion)…
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
(Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some…
Fitbit’s six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) – Six former and current employees of Fitbit Inc (FIT.N) were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from…
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in a move likely to result in 6,000 job losses. FILE…
U.S. gunmaker Remington emerges from bankruptcy
(Reuters) – Remington Outdoor Co Inc FREDM.UL, one of the largest U.S. makers of firearms, has emerged from Chapter 11 bankruptcy after completing a debt-cutting deal with creditors, the company…
A bid to save $300 million at HCR ManorCare, and disrupt U.S. healthcare
CHICAGO (Reuters) – Thomas DeRosa is making a $4 billion bet that he can build a national, low-cost healthcare network for America’s aging population that will succeed where so many…
Bank of America’s loan to Remington tests its firearms pledge
WILMINGTON, Del./NEW YORK (Reuters) – Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said…
U.S. gunmaker Remington files for bankruptcy
(Reuters) – Remington Outdoor Co Inc , one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid…