bankruptcy

The Minnesota Zoo in Apple Valley is on the verge of bankruptcy and possible closure if it does not receive some funding from the state.

It's the last big department store at the Miller Hill Mall, and it will remain open...for now.

The company that owns Perkin's Family Restaurants has filed Chapter 11 bankruptcy and put the chain up for sale.

All remaining Shopko stores to close including 5 in the Northland and 1 in Northern Wisconsin by mid June.

A California pharmaceutical supplier has filed a lawsuit to obtain payment and a restraining order against Wisconsin-based Shopko ahead of the retailers rumored bankruptcy.

Earlier this week reality TV star Marcus Lemonis purchased the struggling St. Paul based outdoor retail chain and plans to close many stores. Looks like the Hermantown store might be one of them, as they have put up a sign suggesting so.

Twinkies are here today, but for how long? Hostess, which has made the Twinkie since 1933,  is facing a labor strike at 23 of its 36 baking plants and is considering to “permanently close certain locations due to our inability to resume full-scale production,”

Hostess - the maker of such sweet-treats as Twinkies - is headed towards bankruptcy again.  This time, the forecast for recovery isn't so good. Hostess Brands, the maker of Twinkies and Wonder Bread, filed today for bankruptcy protection and blamed at least part of its difficulties on outmoded union agreements and work rules...

As we've reported before, Kodak is moving closer to filing bankruptcy. Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fall through, people familiar with the matter said...

Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores. The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.

Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company. Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon...