Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

CPI gets temporary reprieve Portrait studio operator CPI Corp. has entered into a forbearance agreement with its lenders, giving it a reprieve until later this month after defaulting on the terms of a credit agreement. In a public filing on Friday, the St. Louis-based company said its lenders have agreed to give it until Jan. 18 before possibly exercising its rights and remedies such as to pursue collection from the company. The agreement, however, did not amend or increase the amount of the revolving commitment, nor did it cure or waive the existing defaults. The company said earlier this week that if it is unable to secure such additional amendments, it may be forced into liquidation or bankruptcy. (Kavita Kumar)

New search engine The makers of Blekko believe they've built a great alternative to Google, but they're also realistic. They know their 2-year-old Internet search engine won't ever supplant Google as the most popular place to search on laptop and desktop computers. But Web surfing on tablet computers is a different matter, creating an opportunity that Blekko hopes to exploit with a new product called Izik a search engine designed especially for Apple Inc.'s iPads and tablets running Google's Android software. Izik, whose name is a riff on 17th-century scientist Isaac Newton, debuted Friday with the release of free apps for the iPad and Android tablets.

PNC Bank fights cyber attacks PNC Bank has warned customers its websites are getting hit with high traffic consistent with computer attacks. In an email sent to nearly 5 million customers, PNC Bank says the traffic is meant to cause delays for legitimate online banking customers. It says other banks are experiencing similar traffic spikes but did not identify them. PNC Bank says that for several weeks, it has worked to block the traffic and maintain online and mobile banking access for the vast majority of its customers. …

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