Schwebel Baking Company shutting down after 120 years

Schwebel’s, which sells bread at grocery stores across western Pennsylvania, is closing after 120 years. Citing years of “significant operational and financial constraints,” Youngstown-based Schwebel Baking Company announced in a press release that it has no other option but to wind down operations and pursue a formal liquidation in the coming weeks.  Schwebel’s said it…

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Suraksha Asset Reconstruction Company: ED Raids 17 Locations in Major Corporate Insolvency Case Linked to YES Bank, ETRealty

MUMBAI: The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Delhi as part of a money laundering investigation into alleged irregularities related to a corporate insolvency resolution process, officials said. They said a total of 17 locations related to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters,…