April 18, 2012 |
Ailing Twinkies maker Hostess Brands Inc. is going toe-to-toe with its workers' unions in a courtroom clash that the company said may lead to its liquidation. Hostess is trying to persuade a federal bankruptcy judge in New York to allow it to reject existing collective bargaining agreements with the Teamsters and bakers' unions. The maker of Ho Hos, Ding Dongs and Wonder Bread filed for Chapter 11 bankruptcy protection in January, three years after emerging from its last bankruptcy.
February 24, 2012 |
Acer's Liquid Glow smartphone, announced Friday, is bringing Google's Android Ice Cream Sandwich operating system and a bit of an odd name to market this summer. The Liquid Glow smartphone will be detailed at the Mobile World Congress event in Barcelona, Spain, next week, but for now, Acer says that the new handset will bring a "balance between style, performance and affordability -- ideal for today's fun-seeking, social-networking youth. " With a pitch like that, it's likely that the Liquid Glow will be a lower-cost, entry-level handset.
February 3, 2012 |
Shares of video game maker THQ Inc. tumbled 30% after an analyst said the Agoura Hills company might need to draw on a revolving line of credit. THQ declined to 53 cents, its lowest close since July 1995, and on a day the stock market rose strongly. The company has a $50-million revolving credit facility, according to a Nov. 9 regulatory filing. Todd Mitchell, an analyst with Brean Murray Carret & Co. in New York, said the cancellation of the uDraw game tablet has created "a liquidity crisis for the company that puts its viability in question.
December 31, 2011 |
A federal judge has approved a plan to liquidate the estate of Alfred J.R. Villalobos, former board member of the California Public Employees' Retirement System, the state's biggest public pension fund. The action by a U.S. Bankruptcy Court judge in Reno, Nev., ended an 18-month bankruptcy proceeding and cleared the way for the state to pursue a fraud lawsuit against Villalobos, who the state alleges plied pension fund officials with luxury trips and gifts to influence investment decisions.
December 19, 2011 |
Saab no more. Saab Automobile, the quirky Swedish automaker that liked to advertise its heritage as a fighter jet producer, filed for bankruptcy Monday, ending a two-year effort to revive the business after it was spun off by General Motors Co. "Some enthusiasts in the U.S. will lament its end," said Aaron Bragman, an analyst with IHS Automotive. "Back in the 1970s and 1980s it was an innovative brand with some unusual power trains. They did turbocharging of small engines long before others did. The cars also had all-weather, good-handling capability.
October 23, 2011 |
Question: Please clarify the Transportation Security Administration's limitations on volume of fluids allowed in a single container to be carried onboard in the 1-quart plastic bag, which raised the issue of 3-1-1 (3 ounces, 1-quart bag, 1 bag per person). I was in Italy and wanted to bring back a vial of Modena's famed balsamic vinegar. In Europe, volume is expressed in metric, and the smallest container I could find was 100 milliliters, which is 3.3 ounces. I chose not to bring anything back.
August 18, 2011 |
It's a typically Western irony that a well-researched and thoughtful book about water and its scarcity would be published during a spring that left every river from the Mississippi to the Colorado brimming, and water managers facing the unusual task of optimizing nature's largess. But Mark Twain had it right when he said climate is what you expect; weather is what you get. The West largely got strange weather this year. In its climatic history, the bulk of the West beyond the 100th meridian is constrained by aridity.
July 23, 2011 |
Book lovers across Southern California lined up for bargains at Borders bookstores as the nation's second-largest bookseller began a massive going-out-of-business sale. When workers opened the doors in El Segundo and rolled out shelves stocked with colorful, discounted books, a waiting crowd Friday made its way into the sprawling superstore, hungry for bargains. What they found as they worked their way through the 22,000-square-foot store were signs proclaiming, "Nothing held back!"
July 22, 2011 |
Giant bookseller Borders Group Inc. will begin liquidating its 399 stores nationwide, including huge sales at its 18 remaining stores in Southern California. Books, DVDs and furniture valued at more than $700 million will be discounted up to 40% starting Friday, liquidators said. The sales are expected to wrap up in September. Up to 10,700 chain employees nationwide, including 524 in Southern California, will lose their jobs after liquidation. Still up in the air is a possible sale of up to 35 locations to an Alabama company.