Company's secured lender and key supplier, Picea, to acquire iRobot through court-supervised chapter 11 process.

Roomba maker iRobot filed for Chapter 11 bankruptcy Sunday and will turn over its business to a pair of Chinese companies and go private, capping a years-long fall from grace.

In an odd marketing campaign, Fruit Corners Fruit Bars touted the slogan, "Made from real fruit so your taste buds shout, look so ugly they're gonna knock you out!" Apparently, the fruit bars were, indeed, too ugly. Once Fruit Roll-Ups were released, Fruit Bars disappeared.

Robot Corporation, which is known for its consumer robots, is officially going into Chapter 11. The company has entered into a Restructuring Support Agreement with its main lender and contract manufacturer,