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Vick to repay $416,000 to pension plan

WASHINGTON – (AP) Philadelphia Eagles quarterback Michael Vick has agreed to repay at least $416,000 that he is accused of illegally withdrawing from a pension plan. The Labor Department said Wednesday the payment settles a lawsuit against Vick for making transfers from the plan sponsored by Originally posted here: Vick to repay …

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Economists Debate ‘Public Option’ On Health Care

The idea of creating a government-run health care plan to compete with regular insurance companies has received mixed grades among economists. The debate is over whether the plan would eliminate waste in the system as advertised. » E-Mail This      » Add to Del.icio.us

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CIT amends debt offer to attract creditors

NEW YORK (Reuters) – CIT Group Inc amended a debt restructuring on Friday to lure more bondholders to tender their notes early, but the lender to 1 million companies said it could file for bankruptcy if the plan failed. Originally posted here: CIT amends debt offer to attract creditors View post: CIT …

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Delphi creditors vote to reject Platinum deal

NEW YORK – (AP) The majority of Delphi Corp.’s creditors have voted against a deal that would allow the auto supplier to be acquired by private-equity firm Platinum Equity and possibly emerge from bankruptcy protection. Of the 17 classes of creditors, 10 voted against the plan, two Visit link: Delphi creditors vote …

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Bankruptcy judge confirms plan for big Cal project

LOS ANGELES – (AP) A U.S. Bankruptcy Court judge in Delaware has confirmed a deal that allows a massive Southern California residential development to emerge from bankruptcy protection. Lennar Corp. announced Monday that Judge Kevin J. Carey’s confirmation of the plan allows the See the article here: Bankruptcy judge confirms plan for …

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Bankruptcy Hearing For General Motors

General Motors is back in court Tuesday. It’s expected to ask a judge to approve a plan to create a healthy “new” GM — financed by the government. Under the plan, GM would be able to shed its bad assets

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