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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: mattress

mattress stories: 2 news summaries

Simmons Bankruptcy: Study in Private Equity Run Amok

Buyout firms profited as mattress maker saw its debt skyrocket

Oct 5, 09 7:30 AM CDT
(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 »

MORE ABOUT:
private equity • bankruptcy • Thomas H. Lee Partners • credit market • buyout firms • mattress

Woman Tosses Mattress
Stuffed With Mom's $1M

It was her mom's life savings

Jun 10, 09 1:59 PM CDT
(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 »

MORE ABOUT:
Israel • garbage • missing money • Tel Aviv • daughter • mother • mattress

2 Stories


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