Discount Retailer Loehmann’s Files for Bankruptcy Protection

Loehmann’s Holdings Inc., filed for bankruptcy after failing to exchange $110 million of bonds, Bloomberg News reported.

“The decline in economic conditions in several markets in which Loehmann’s stores are concentrated, mainly California, the Northe…

Private College Presidents Rake in Millions of Dollars

Bernard Lander, founder of Touro College, received compensation of more than $4 million in 2008, making him the top-paid private college president that year.

Touro trustees awarded the money to Lander after deciding he had been underpaid during his t…

Lowe’s Earnings Top Estimates as Sales Disappoint

The world’s second-largest home improvement retailer reported that its earnings rose 17% in the third quarter. While the profit beat analysts’ estimates, sales came in lower than expectations.
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EMC to Buy Data Storage Company Isilon for $2.25 Billion

Data storage firm EMC Corp. (EMC) will buy scale-out storage company Isilon Systems for $2.25 billion, the companies announced Monday.

The deal, which values Isilon at a price of $33.85 per share, is expected to complete before the end of this year, …