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Harry and David files for bankruptcy; CEOs earmark cash reserves for takeovers; Who will be the new spokesduck?; Loans to problem lenders continue; Santa Fe Springs' claim to fame

Harry and David files for bankruptcy

Christmas may never be the same. Harry and David, the purveyor of gourmet food baskets, has filed for bankruptcy-court protection. While the company tries to renegotiate its approximately $500 million in debt, it will continue to take catalog orders and operate its 70 retail stores.

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