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You are here: Home / Archives for bankruptcy

GT Advanced Technologies, Apple’s Recent Acquisition, Files for Bankruptcy

October 6, 2014 Posted by Editor

Last year, Apple purchased GT Advanced Technologies for $578 million, after strenuous negotiations concerning the ultra-hard sapphire material producer. On Monday, GT filed for bankruptcy in a federal court, a move that comes only a few weeks after the tech giant revealed that it was no longer using sapphire as a cover for its newer iPhone models displays. Today’s bankruptcy filing is, however, … [Read more...]

Filed Under: Business, Technology Tagged With: Apple, bankruptcy, GT advanced technologies, iPhone, iphone 5, iPhone 6, iPhone 6 Plus, iphone producers, iphone sales, iphone sapphire, Samsung Galaxy S5, Smartphones, weekend sales

Final Settlement Reached by Bond Insurer in Detroit Bankruptcy Case

September 15, 2014 Posted by Staff

A final settlement has been reached in the case concerning the Detroit municipal bankruptcy case, after claims that could have influenced the city’s exit from bankruptcy protection. According to the court filing on Monday, a comprehensive settlement had been reached that would have the bond insurer end its objection to the debt-cutting plan proposed by the city. Lawyers from Syncora Holdings … [Read more...]

Filed Under: Business, National News Tagged With: bankruptcy, bankruptcy settlement, Case, claims, detroit bankruptcy, detroit municipality

Crumbs is Shutting Down Its Stores: America Is Over Cupcakes, It Seems

July 8, 2014 Posted by Staff

Over the course of this week, the Crumbs Bake Shop which seemed to have such promising odds has shut down all of its 48 stores. The chain had been planning, a while back, to open over 200 new locations nationwide, but expanding beyond its New York territory proved to be difficult. After struggling for some time with this expansion, Crumbs announced that it is shutting down its stores, since it … [Read more...]

Filed Under: Business Tagged With: baked goods, bankruptcy, Crumbs, cupcakes, dessert, food trends, popularity, restaurant

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