Also: Barneys files for bankruptcy, and more of the week’s top stories in business and tech. Source: NYT > Business – Charlotte Cowles
Dean & DeLuca Sinks Further Into Debt
The chain has closed additional stores in the United States as it expands abroad, and told former employees that they will not be paid. Source: NYT > Business – Julia Moskin
Dean & DeLuca Closes Stores as Debts Pile Up
The luxury food chain, which has closed locations in New York and California and let shelves in remaining stores grow bare, has stopped paying many of its vendors. Source: NYT > Business – Julia Moskin
Britain’s big squeeze: ‘This Is All We Can Afford’: Shrinking Lives in the English Countryside
In Cumbria, a bucolic landscape masks growing poverty and isolation. As bus lines are cut and services dry up under austerity, older people are feeling new constraints. Source: NYT > Business – CEYLAN YEGINSU and LAETITIA VANCON
Three Mile Island Nuclear Power Plant Is Shutting Down
The Pennsylvania facility, site of a disaster in 1979, has been struggling financially. It will close by the end of September, according to the company that owns it. Source: NYT > Business – JACEY FORTIN
As Mainstays Depart, Charleston Asks Where Its Restaurant Scene Is Headed
Hominy Grill has closed. Sean Brock is gone. Tourism and prices are booming. What does all that portend for this influential food city? Source: NYT > Business – KIM SEVERSON