Brookstone Skips a Beat, Misses a Bond Payment

Brookestone, a seller of gadgets and housewares, has another week to avoid a default after missing a January 15 interest payment. The company has about $1 million in cash but long-term debt of $209 million. Brookstone and its bondholders have already hired big-time advisers and a bankruptcy filing is a real possibility. The Deal's Jeff Kanige has details.