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Epix, a struggling biotechnology firm working with British drug maker GlaxoSmithKline PLC to develop an Alzheimer's disease drug, says it is winding down its operations and selling off assets to pay off creditors.
Arthur Samberg's Pequot Capital Management Inc. is liquidating its core hedge fund amid an investigation into potential insider trading, according to a letter to investors obtained by The Wall Street Journal.
A Delaware bankruptcy judge has agreed to the liquidation of Fresno, Calif.-based Gottschalks, which operates 55 department stores and three specialty apparel stores in six states.
Discount clothing chain Goody's Family Clothing will begin liquidating its stores on Friday as the retailer becomes one of the year's first victims of the worsening economy.
Steve & Barry stores and its parent company have abandoned plans to keep stores open during bankruptcy protection and will liquidate them over the next few months, according to a bankruptcy court filing.
Ailing department store chain Mervyns LLC, which had been operating for almost five decades, has become the latest merchant headed for extinction.
Specialty retailer Linens 'n Things, which filed for bankruptcy protection in May, plans to begin liquidation sales at its stores as early as Thursday after failing to find a buyer that wanted to operate the company.
Ten steps to liquidate US bases However ambitious United States President Barack Obama's domestic plans, one unacknowledged issue has the potential to destroy any reform efforts he might launch.
Seized banks' odds and ends can wind up on auction blockWhoa, the taxpayers stand to recover quite a bit of loose change as assets of failed banks go to online auctions.
Liquidation nationEarlier this month, Circuit City, the 567-store electronics retailing giant that filed for bankruptcy protection in November, announced it was going to liquidate. It's closing all its stores and laying off its 34,000 workers.
Circuit City to liquidate, shutter storesBankrupt electronics retailer Circuit City Stores said on Friday it will liquidate its assets and shutter hundreds of U.S. stores after failing to reach a deal to sell the company.
Circuit City seeking to liquidateBankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 U.S. stores and sell all its merchandise.
Stores with the Biggest After Christmas BargainsThis holiday season has been ripe with sales, but the biggest of all will come Dec. 26.
Concerned Citizen Helps Cold Workers Warm UpWorkers stood outside on Louise Avenue in Sioux Falls Sunday morning, holding signs advertising the "going out of business" sale at Linens N' Things in sub-zero temperatures. But one citizen drove by the store and was concerned about their well-being.
Liquidated Overture fund had investments connected to Madoff scandalThe arts district had nearly 20 percent of its trust fund, or some $18 million, still invested in Fairfield Sentry as recently as April. It was forced to convert the trust fund to government securities in September, however, after the balance dipped below lending limits.
Circuit City to Close 155 Stores, in 28 StatesBut analysts say the moves announced Monday renewed the specter of bankruptcy hanging over the nation's No. 2 consumer electronics retailer heading into a holiday shopping season that could determine its future.
Embattled Californians cry out for a fresh start as they line up behind ObamaSenator Obama is poised to win California by the biggest margin in modern history, according to poll projections. Young people, Latinos and swing voters are expected to deliver a landslide victory for the Democrat.
Mervyns will shut down remaining storesRetailer Mervyns LLC said it will close its remaining stores and wind down its business by selling off inventory at discounts as the holiday season approaches.
Leaks: CompUSA's Going-Out-Of Business Discount ListWe've got the CompUSA internal discount list for their going out of business liquidation sale. The discounts are mainly 10% and 20%, with some 5% and 30% in there.
Ring around the crisis. That's paraphrasing an article at Inman Real Estate News about the national foreclosure hotline, similiar to the local hotlines that are currently popping up all over the U.S. The phones are ringing off the hook.
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