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NEWS ABOUT: mattress

Simmons Bankruptcy: Study in Private Equity Run Amok

Buyout firms profited as mattress maker saw its debt skyrocket

(Newser) - The mattress company Simmons will be filing for bankruptcy protection soon, wiping out bondholders and jeopardizing more jobs at a company that's already fired a quarter of its work force. While Simmons watched its debts balloon nearly tenfold since 1991, a string of private equity firms bought and sold the... More »

Woman Tosses Mattress Stuffed With Mom's $1M

It was her mom's life savings

(Newser) - In hindsight, maybe the bank might've been a better idea: An Israeli woman dumped her mom's life savings when she decided to surprise her with a new mattress—and tossed the old one padded with nearly $1 million, CNN reports. City workers are helping the daughter search, and have... More »

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