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Quiznos Gives Up Control To Stave Off Bankruptcy

Quiznos once boasted 5,000 restaurants, but a slumping economy, higher supply-chain costs and tough competition from Subway have left the sandwich chain in tough straits. After seeing hundreds of its stores close, Quiznos gave up control to one of its biggest creditors to avoid bankruptcy.

Growing Pressures Prompt Plunge In Iranian Currency

Faced with new economic sanctions from the U.S. and Europe, Iran's currency, the rial, seems to be in free fall. Several factors seem to be at work, and analysts say one of them could be government manipulation of the currency market.

No, Hedge Funds Can't Foreclose On The Acropolis

There's no blueprint for a country to declare bankruptcy, so Greece's creditors are sort of making things up as they go along.

Shoe Company Practices Insourcing For The Sole

In his State of the Union address, President Obama talked about bringing jobs back to the U.S. Oregon shoe maker Keen is doing its part. The company opened its first American factory in 2010, and while it still produces most of its shoes in Asia, Keen's CEO says manufacturing in the U.S. has been a "giant leap" for the company.

Treasury Secretary Geithner Doesn't Expect To Be Part Of A Second Term

Geithner say she's confident President Obama will be re-elected. And, Geithner's also confident "he's not going to ask me to stay on." He spoke with Bloomberg Television today.

Antitrust Official Gets Stampeded By Big Beef

President Obama's appointee for antitrust issues in the meat industry wanted to give cattlemen more clout against big meatpackers. But he's quitting his job on Thursday. His reform efforts ran into fierce opposition from the country's packers and big cattle producers.

Fed Keeps Short-Term Interest Rates Low

Federal Reserve officials said they expect short-term interest rates to stay close to zero "at least through late 2014." The Fed has been trying to give more explicit guidance on what it expects in the future as part of a broader move to greater transparency.