protection

The chain has suffered since consumers reduced spending in the recession. It was also hurt due to the fact that many restaurant locations are in retail malls, which shoppers avoided during the economic downturn.

Sbarro is also hurt by debt that it took on when private-equity firm MidOcean Partners bought it in January.

It has total assets of about $471 million and about $486.6 million in debt, according to the bankruptcy filing.

Sbarro Inc. said that it is filing for Chapter 11 bankruptcy protection as it looks to restructure.

Shares of American Apparel (APP) are down after the Los Angeles-based clothing company said the shortfall in its cash may force it to seek bankruptcy protection, Bloomberg reported. Two American Apparel board members from lender L

The agency said that 15% ethanol blended with gasoline is safe for cars and light trucks manufactured between 2001 and 2006, increasing the radius of vehicle models that can take the combination fuel from an October decision that

The fuel blend is popular in farming regions because most ethanol is derived from corn and grains.

The Environmental Protection Agency approved the use of more corn-based ethanol in fuel for vehicles on Friday.

Bank of America (NYSE:BAC) will give its retail customers the choice of more financial transactions through the company or a monthly fee as pressures mounted from U.S.