• DATVF.ATLPHL
    1.814
    0.044
    2.5%
  • DATVF.CHIATL
    2.034
    0.018
    0.9%
  • DATVF.DALLAX
    0.921
    0.071
    8.4%
  • DATVF.LAXDAL
    1.502
    -0.092
    -5.8%
  • DATVF.SEALAX
    0.962
    -0.053
    -5.2%
  • DATVF.PHLCHI
    1.091
    -0.038
    -3.4%
  • DATVF.LAXSEA
    2.146
    -0.004
    -0.2%
  • DATVF.VEU
    1.647
    0.009
    0.5%
  • DATVF.VNU
    1.471
    -0.010
    -0.7%
  • DATVF.VSU
    1.211
    -0.011
    -0.9%
  • DATVF.VWU
    1.554
    -0.028
    -1.8%
  • ITVI.USA
    9,689.350
    14.490
    0.1%
  • OTRI.USA
    7.650
    -0.020
    -0.3%
  • OTVI.USA
    9,678.010
    13.740
    0.1%
  • TLT.USA
    2.730
    0.000
    0%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
  • DATVF.ATLPHL
    1.814
    0.044
    2.5%
  • DATVF.CHIATL
    2.034
    0.018
    0.9%
  • DATVF.DALLAX
    0.921
    0.071
    8.4%
  • DATVF.LAXDAL
    1.502
    -0.092
    -5.8%
  • DATVF.SEALAX
    0.962
    -0.053
    -5.2%
  • DATVF.PHLCHI
    1.091
    -0.038
    -3.4%
  • DATVF.LAXSEA
    2.146
    -0.004
    -0.2%
  • DATVF.VEU
    1.647
    0.009
    0.5%
  • DATVF.VNU
    1.471
    -0.010
    -0.7%
  • DATVF.VSU
    1.211
    -0.011
    -0.9%
  • DATVF.VWU
    1.554
    -0.028
    -1.8%
  • ITVI.USA
    9,689.350
    14.490
    0.1%
  • OTRI.USA
    7.650
    -0.020
    -0.3%
  • OTVI.USA
    9,678.010
    13.740
    0.1%
  • TLT.USA
    2.730
    0.000
    0%
  • WAIT.USA
    156.000
    -2.000
    -1.3%
American Shipper

Veg-O-Matic maker’s finances sliced and diced, files Chapter 11

Veg-O-Matic makerÆs finances sliced and diced, files Chapter 11

Famed TV retailer Ronco Corp., which has shipped $1.4 billion worth of gadgets like the Veg-O-Matic and the Fishin' Magician over the past 50 years, has filed for Chapter 11 bankruptcy protection.

   The Simi Valley-based firm, founded by 72-year-old entrepreneur Ron Popeil, declared in the U.S. Bankruptcy Court filing Thursday that it has $32.7 million in debts and $13.9 million in assets.

   Popeil, who sold the company two years ago to the current owners, is still owed $11.8 million from the $55 million sale and is listed as the major creditor. The Food Network, Court TV and the QVC home-shopping network are also listed as creditors.

   Ronco, which visited bankruptcy court previously during the 1980s, said in the filing that the initial $40 million payment to Popeil seriously depleted the firm's cash reserves. The documents also revealed that a nonbinding agreement has been reached with an unnamed party to purchase the retailer.

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