Friendlys

Not So Friendly's: Bankrupt Chain Lays Off 1,260

The 63 restaurants Friendly's closed on Wednesday resulted in about 1,260 layoffs -- more than 12% of the company's 10,300 person workforce. Everyone from managers to dishwashers were told Tuesday evening that the following day would be their last at Friendly's.

Sad to See Friendly's Fail, But It Was Inevitable

This ice cream lover is sure she's not alone in harboring affection for Friendly's, which started out as a Depression-era ice cream shop. But when its parent company filed for Chapter 11 bankruptcy protection Wednesday, she certainly wasn't surprised.

Businesses That Win When the Weather Gets Hot

As the Northeast wilts under a heatwave, sales in the ice cream, air conditioner, pools, sea-shore-related and bowling center segments have spiked with the temperature. The hot sales are a welcome relief for the industries that have been burnt by the recession.