Chicago-area investor wants bidding process for Sun-Times reopened

October 15th, 2009 Lanes reopen after Chicago expressway bucklesCHICAGO — A quick repair job has traffic flowing again on the downtown Chicago expressway where a pavement buckle caused major delays during the evening rush hour. Officials with the Illinois Department of Transportation say crews worked through the night to repair the buckle on the Kennedy Expressway, which is also known as Interstate 90/94.

October 6th, 2009 Correction: Sun-Times bankruptcy storyCHICAGO — In a Sept. 30 story about a bid to buy the bankrupt Chicago Sun-Times, The Associated Press reported erroneously that Rupert Murdoch had sold the Sun-Times in 1993 to Hollinger Inc.

September 8th, 2009 Chicago investor group submits bid for Sun-TimesCHICAGO — Struggling newspaper publisher Sun-Times Media Group said Tuesday that a private investor group led by Chicago banker James Tyree will bid $5 million in cash for its assets in a bankruptcy court auction. The group, called STMG Holdings LLC, also would assume about $20 million of Sun-Times' liabilities, the company said.

September 3rd, 2009 Sun-Times closing Chicago-area printing pressCHICAGO — The Chicago Sun-Times' parent company is closing a suburban printing plant, which is expected to cost 70 jobs. Sun-Times spokeswoman Tammy Chase confirms the Sun-Times Media Group plans to close its Pioneer Press printing plant in Northfield.

August 21st, 2009 Report: 2 Boston Globe bidders to tour the paperBOSTON — Two of the three groups bidding to buy The Boston Globe have been invited to a series of meetings at the newspaper in early September. The paper, citing anonymous sources familiar with the process, reported Friday that a group led by Stephen Taylor, a member of the family that sold The Globe to New York Times Co.

July 26th, 2009 Iraq pulls Basra gas field from bidding roundBAGHDAD — Iraq has removed a small gas field in Basra from a list of 11 oil and gas fields being offered for development in its second round of postwar bidding. A top Iraqi official overseeing oil and gas licenses said Sunday that Iraq's state-run South Oil Co.

July 10th, 2009 Sunoco places 4 on leave after investigationPHILADELPHIA — Sunoco placed four employees on administrative leave and said Thursday that it had notified the Department of Justice of what it called improper conduct during a bidding process with an oil producer. The Philadelphia-based oil refiner said it withdrew from bidding immediately after an internal investigation revealed the actions of the employees, though it would not identify the producing company, nor where the bidding took place.

July 10th, 2009 Sunoco puts 4 workers on leave after investigationPHILADELPHIA — Sunoco Inc. said Thursday it has placed four employees on administrative leave after an internal investigation into the bidding for a crude oil processing transaction found that they violated company policy.

June 30th, 2009 Iraq oil auction fizzlesBAGHDAD — The first international bidding process in more than 30 years for development rights to some of Iraq's oil fields has finished, with only one field being awarded. Iraq had offered six oil and two gas fields in a landmark auction the government hoped would help boost output to 4 million barrels per day and generate cash it desperately needs for postwar reconstruction.

June 28th, 2009 Heavy sandstorm blankets Iraq, delays oil biddingBAGHDAD — A heavy sandstorm has blanketed Iraq's capital, closing the Baghdad airport and delaying the country's first oil bidding process in 30 years. Visibility is only a few yards and most of the few people on the streets are wearing surgical masks.

June 2nd, 2009 Judge: Hartmarx bidding to move aheadCHICAGO — Workers at a Chicago-based company that custom-made suits for President Barack Obama say they're happy to see a deal to purchase the company appears to be moving along. A judge on Monday approved a bidding process for Hartmarx Corp., which filed for Chapter 11 bankruptcy protection in January.

May 5th, 2009 Investment bank chief eyes purchase of Sun-TimesCHICAGO — A Chicago investment banker said Monday he is assembling a group to bid on the bankrupt Sun-Times Media Group. James Tyree, chairman of Mesirow Financial Holdings, said he is reviewing the Chicago-based media company's books, though his financial company would not be part of any bid.

May 5th, 2009 Lenders group objects to sale to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker's assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. In an objection filed Tuesday, the lenders group says the proposed bidding procedures only give the appearance of legitimacy and don't maximize the sale price of the assets.

April 13th, 2009 NEW DELLHI - India Inc Monday was full of praise for the manner and speed with which the reconstituted board of Satyam Computer Services found a strategic investor for the beleaguered IT bellwether, and said this would send a strong signal globally that the country can respond well and fast to financial crises. 'This is probably one of the fastest cases where there has been a change in ownership through a structured process,' said Harsh Pati Singhania, president, Federation of Indian Chambers of Commerce and industry (FICCI).

March 24th, 2009 HYDERABAD - Scam-hit Satyam Computer Services Ltd has informed the Securities Exchange Board of India (SEBI) on its bidding process under the market regulator's amended takeover regulations for selecting an investor to buy majority stake in the company, the IT bellwether said late Tuesday. 'A letter relating to the process followed by the company pursuant to regulation 29A of the SEBI takeover regulations to select an investor and the in-principle exemptions/relaxations granted by SEBI from applicable regulations and guidelines has been submitted,' the company said in a statement.