Tuesday, January 22, 2008

 

Bankruptcy of the Day

Quebecor World, the second-largest commercial printer in the world, filed for bankruptcy protection in Canada and the United States on Monday.

The Montreal-based company, which prints a wide variety of publications at plants in the United States, including Time and Parade magazines as well as catalogs for Victoria’s Secret and Williams-Sonoma, made the move after its banks failed to approve a rescue plan valued at 400 million Canadian dollars ($390 million).

—Ian Austin reporting in "Major Printer in Canada Files for Bankruptcy Protection"

There are going to be a lot of these. "Bankruptcy of the Day" may begin to sound repetitive.

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