Interest Rate Roundup

Friday, May 02, 2008

More housing slump fallout: LNT files for Chapter 11

Linens 'n Things became the latest casualty of the housing slump, filing for Chapter 11 bankruptcy protection this morning. The home furnishings retailer was acquired by the private equity firm Apollo Management in 2006. LNT plans to close 120 of its 589 stores as part of the bankruptcy reorganization.


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