Entries tagged "wrap-up"
The rumor that kept our mill busiest this week was the prospects of troubled retailer Linens 'n Things Inc. filing for Chapter 11 bankruptcy protection. The first publication to report the possibility was the New York Post, and despite the murky sourcing of the Tuesday story, it quickly caught fire as the rest of the business media jumped on board. Despite weak evidence for a prepackaged bankruptcy filing on Tuesday, the press coverage may ultimately expedite the Clifton, N.J.-based retailer's fall. A slew of follow-up stories appeared throughout the week. The press reports may have prompted the ratings agencies to...
