Joann Inc., the parent of hundreds of Jo-Ann fabric and craft stores nationwide, filed for Chapter 11 bankruptcy protection in Delaware on Monday with a so-called "prepackaged" financial restructuring that already is worked out with a majority of its lenders, creditors and shareholders.
The Hudson, Ohio-based retailer expects to halve its long-term debt of $1.1 billion; gain access to new financing of about $132 million; fully repay its obligations to employees, vendors, landlords and other trade…
Spiritus Technologies, the Los Alamos startup that came out of stealth early last fall, said on Tuesday where its first carbon capture facility, dubbed Orchard One, will be built.