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.