The parent company of Roomba, which has sold millions of cleaning robots, filed for Chapter 11 bankruptcy on Sunday after 35 years of operation. In a Sunday press release, Massachusetts-based robotics company iRobot said it had filed for bankruptcy protection in the District of Delaware court.The company said that it would be wholly acquired by its main manufacturer and lender, vacuum cleaner maker Shenzhen PICEA. Picea has R&D and manufacturing facilities in China and Vietnam, per the release. The Picea ...

Jefferies Financial Group Inc. moved to soothe a growing fear among investors over the fallout from the bankruptcy of its client, auto-parts seller First Brands, by saying any impact to its finances c... ...