DENVER (AP) - Denver-based Quiznos filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million. The toasted sandwich chain said Friday that it voluntarily filed to reorganize to implement a pre-packaged restructuring plan.
In a regulatory filing, the retailer said it expects claims from card companies and a long road to restore consumer confidence. hide.
The value of U.S. government bonds held by foreign central banks at the Federal Reserve shrank by a record amount this week, causing a stir in the Treasury market.
The Chinese version of Twitter, Weibo, filed a preliminary prospectus on Friday for an initial public offering in the U.S. to raise $500 million.
NEW YORK--Oil futures rose Friday but ended lower for the week as traders who had bet on lower prices closed out their positions due to concern that tensions between Russia and Ukraine could worsen over the weekend.