Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings.
WBZ NewsRadio 1030’s Joe Mathieu says there have been 36 municipal bankruptcies in the past 5 years.
According to a Fidelity survey, they warn us that out-of-pocket health care costs in retirement for a couple will add up to almost a quarter of $1 million dollars.
According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
A company owned by former Massachusetts candidate for governor and convenience store magnate Christy Mihos has filed for bankruptcy after racking up as much as $10 million in debt.
The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union.
Hostess attorneys wanted permission to close down operations and start laying off more than 18,000 employees across the company.
About 300 jobs have reportedly been eliminated in Massachusetts as Hostess Brands Inc. goes out of business.
Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.
The move comes just days after a trustee was appointed to oversee the bankruptcy filing of the company. The decision leaves 170 people without work.