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{ Tag Archives } the-bankrupt

WaMu says tax refund may double, shares soar (Reuters)

Reuters – Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday. See more here: WaMu says tax refund may double, shares soar (Reuters) View original post here: WaMu says …

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Sam Zell resigns as Tribune CEO, remains chairman

NEW YORK (Reuters) – Sam Zell is resigning as chief executive of Tribune Co after two years at the helm of the bankrupt media company whose $8.2 billion buyout he engineered in 2007. Continued here: Sam Zell resigns as Tribune CEO, remains chairman View original post here: Sam Zell resigns as Tribune …

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Sale of Coyotes to NHL closes

PHOENIX – (AP) Final papers have been signed closing the sale of the bankrupt Phoenix Coyotes to the NHL. Notification of the closure was filed Tuesday in U.S. Bankruptcy Court. Attorneys signed final papers on Monday and $13.3 million was transferred into an account that w View original post here: Sale …

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No more Chicago Sun-Times suitors before deadline

CHICAGO – (AP) No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that’s rapidly running out of the cash it needs to stay in business. The standing offer for the parent company, More here: No …

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Sun-Times bid blocked, private equity manager says

NEW YORK (Reuters) – A private equity manager who wanted to buy the Sun-Times Media Group said on Tuesday that his attempt to bid on the bankrupt newspaper publisher was blocked, and that he wants the court to reopen the sale process. Read more: Sun-Times bid blocked, private equity manager …

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Sun-Times bid blocked, private equity manager says (Reuters)

Reuters – A private equity manager who wanted to buy the Sun-Times Media Group said on Tuesday that his attempt to bid on the bankrupt newspaper publisher was blocked, and that he wants the court to reopen the sale process. Read more: Sun-Times bid blocked, private equity manager says … The …

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Judge doesn’t show his hand in Coyotes case

PHOENIX – (AP) The auction of the bankrupt Phoenix Coyotes enters its second and final day Friday and, after four months, the judge is offering few hints on his decision. Judge Redfield T. Baum threw out the possibility Thursday that he might reject both bids and simply have no sale. …

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Ice Edge CEO says bid alive, Coyotes auction nears

PHOENIX – (AP) More documents flooded the U.S. Bankruptcy Court in Phoenix on Friday, and the head of Ice Edge insisted his bid is still alive and will viable when the bankrupt Coyotes are sold at auction next week. “We remain confident we will finalize everything that needs to be …

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Nortel loss balloons, CEO to step down

TORONTO (Reuters) – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. More: Nortel loss balloons, CEO to step down More here: Nortel loss balloons, CEO to step down

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Nortel loss balloons, CEO to step down (Reuters)

Reuters – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. The rest is here: Nortel loss balloons, CEO to step down (Reuters) Follow this link: Nortel loss balloons, CEO …

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