Bed Bath & Beyond misses more than $28 million in interest payments on bonds: report [Yahoo! Finance News]
Bed Bath & Beyond Inc. (BBBY)
Last bed bath & beyond inc. earnings: 4/15 04:15 pm
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Source: Yahoo! Finance News
Beleaguered retailer Bed Bath & Beyond Inc. has missed interest payments on its bonds,the Wall Street Journal reported,On Friday, the company saidit was in default on loans that had been called init may need to declare bankruptcyThe Journal has previously reported that Bed Bath & Beyond is expected to file for Chapter 11 bankruptcy protection soon, and has been making preparations for weeks.On Monday, the company saidit was closing more than 140 additional storesBed Bath & Beyond stock slid about 2% in after-hours trading Wednesday after the Journal’s report was published. Its shares have tumbled 13% over the past five trading days and are down 83% over the past 12 months.
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