It also says its CFO resigned, effective immediately. It is looking for a new CFO.
Qiao Xing Universal (XING) eases after it says it expects to file its 2010 financial results in May.
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.
The company filed for its IPO with the SEC on January 27th, and it usually takes about 2 months for the SEC to complete its review.
The website was founded in May of 2003, and had 71.5 million unique visitors in February 2011, up 55% from February 2010, according to comScore.
Over half of LinkedIn's users, 56 million, are based outside the United States.
LinkedIn, the social-networking website for professionals, said it reached 100 million members Tuesday, as it gears up for its much-anticipated IPO.
Shares of the company are currently trading 2.95% higher at $12.20.
BBVA Banco Frances has a potential upside of 5.2% based on a current price of $12.20 and an average consensus analyst price target of $12.83.
Morgan Stanley initiated coverage of BBVA Banco Frances (NYSE:BFR) with an overweight rating and a $16 price target.
The four companies revealed in mid-December their plan to set up CPTN Holdings LLC, a holding group to jointly acquire 882 Novell patents for $442 million, while the rest of Novell was to be sold to Attachmate for $2.2 billion upo
However, the filing with German regulators to create the joint group looks to have bee
AppleInsider is reporting that a plan by Microsoft (MSFT), Apple (AAPL), Oracle (ORCL) and EMC (EMC) to acquire hundreds of Novell's (NOVL) patents worth half a billion dollars has been withdrawn due to complaints from open source
Under the terms of the definitive agreement, each common share of the company will be transferred to Magnum Hunter for the right to receive 0.0846 of a share of Magnum Hunter common stock.
NGAS Resources (NGAS) announced a definitive agreement with Magnum Hunter Resources Corporation (MHR) providing for NGAS Resources to be acquired by Magnum Hunter in an all-stock transaction. NGAS Resources is a British Columbia c
CMCSA bid/ask gap remains wide so far this morning. GE is down 0.6% at last check.
According to the WSJ, Genachowski wants Comcast to observe ""net neutrality"" rules in giving competitors' videos the same treatment as its own for customers using its Internet service.
FCC Chairman Julius Genachowski has told the FCC's other commissioners that he supports Comcast's (CMCSA) offer to buy a controlling interest in General Electric's (GE) NBC Universal, subject to certain conditions, the Wall Street
When Comcast (NASDAQ:CMCSK) reported earnings 17 days ago on May 1st, 2013, analysts, o ...
A week ago on May 6th, 2013 Liberty Global (NASDAQ:LBTYA) reported earnings and analyst ...
When Kelly Services (NASDAQ:KELYA) reported earnings a week ago on May 8th, 2013, analy ...
When Liberty Media (NASDAQ:LINTA) reported earnings a week ago on May 8th, 2013, analys ...
A week ago on May 8th, 2013 Central Garden and Pet (NASDAQ:CENTA) reported earnings and ...
When Comcast (NASDAQ:CMCSA) reported earnings 17 days ago on May 1st, 2013, analysts, o ...
A week ago on May 7th, 2013 Discovery Communications (NASDAQ:DISCA) reported earnings a ...
11 days ago, on May 7th, 2013, Jazz Pharmaceuticals (NASDAQ:JAZZ) reported its earnings ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...