bankruptcy

Friendly's Restaurant Chain Begins Transformation

Paul Tuthill — Tue, 05 Feb 2013 10:50:00 +0000

Just over a year after emerging from bankruptcy, the Friendly’s restaurant chain on Monday introduced redesigned stores and updated menus.

Friendly’s , which lost business over the last decade to casual dining competitors, is hoping to get people back into its booths in renovated restaurants that have a retro-look. A new menu includes classic best sellers and new items. CEO John Maguire says there is an emphasis on better food quality and faster service.

Atari US files for Chapter 11 to separate from parent

Associated Press — Tue, 22 Jan 2013 15:22:38 +0000

NEW YORK (AP) -- Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France.

In a statement, Atari says the move is necessary to secure investments it needs to grow in mobile and downloadable video games.

Schilling Taking Leave of Absence from ESPN

Mon, 18 Jun 2012 11:34:20 +0000

Curt Schilling is taking a leave of absence from his job as an analyst for ESPN after his video gaming company filed for bankruptcy.

ESPN spokesman Mike Soltys says on Twitter that the network and retired pitcher "mutually agreed" to the leave as he works through "his business issues." He says Schilling is expected to return to the air later this season.

Schilling's 38 Studios filed for bankruptcy June 7. Federal and state authorities launched probes into the studios, which received a $75 million loan guarantee deal from the state of Rhode Island.