News

Claire’s jewelry retailer for teens files for Chapter 11 bankruptcy

Claire’s filed for bankruptcy in Delaware on Wednesday, marking the second time the jewelry accessories chain geared toward adolescents has entered Chapter 11 proceedings. “This decision is difficult, but a necessary one,” said Chris Cramer, CEO of Claire’s in a company statement. “Increased competition, consumer spending trends and the ongoing shift …

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Italy OK’s $15.5 billion construction of world’s longest suspension bridge, from Sicily to mainland

A long-delayed and debated bridge linking the Italian mainland with Sicily cleared a major hurdle Wednesday, allowing work to begin on what would be the world’s longest suspension bridge, despite concerns over earthquakes, environmental impacts and the threat of mafia interference. An interministerial committee with oversight of strategic public investments …

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