Private Equity
1 min read · 11 October 2011
3 min read · 11 October 2011
3 min read · 10 October 2011
3 min read · 07 October 2011
(Reuters) Apple Inc. co-founder and former CEO Steve Jobs, counted among the greatest American CEOs of his generation, died on Wednesday at the age of 56, after a years-long and highly public battle with cancer and other health issues. Jobs' death was announced by Apple in a statement late on Wednesday. The Silicon Valley icon who gave the world the iPod and the iPhone resigned as CEO of the world's largest technology corporation in August, handing the reins to current chief executive Tim Cook. Jobs, who fought a rare form of pancreatic cancer, was deemed the heart and soul of a company that rivals Exxon Mobil as the most valuable in America.
1 min read · 06 October 2011
4 min read · 05 October 2011
(Reuters) - U.S. burger and ice cream chain Friendly's filed for chapter 11 bankruptcy protection on Wednesday, as the sluggish economy and slowing consumer spending claimed another restaurant chain. As part of the filing, Friendly's will enter a sale process with an affiliate of its current owners, Sun Capital Partners, as the lead or "stalking horse" bidder to quickly restructure the company. Friendly's said it received a commitment for about $70 million in financing, which, along with the company's cash flow, will provide the working capital necessary to meet its ongoing obligations during the restructuring. "The strategic decision to pursue a financial restructuring will allow us to proactively and quickly improve our financial position and ensure we have the resources to build a better and stronger Friendly's," Chief Executive Harsha Agadi said.
2 min read · 05 October 2011
3 min read · 05 October 2011
4 min read · 04 October 2011
2 min read · 03 October 2011
