Star Tribune emerges from bankruptcy protection with new ownership, reduced debtSeptember 30th, 2009 Star Tribune emerges from bankruptcy protectionMINNEAPOLIS — The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co.
Freddie Mac chief financial officer to receive signing bonus, salary of up to $5.5 milionSeptember 25th, 2009 Freddie Mac CFO to receive $5.5M pay packageWASHINGTON — Freddie Mac's new chief financial officer, lured from the banking industry this month, is receiving a pay package worth up to $5.5 million. The government-controlled mortgage finance company tapped Ross Kari for the position on Sept.
Tribune executive defends proposed bonuses of up to $70 million in bankruptcy hearingSeptember 25th, 2009 Tribune exec defends bonus plan in Ch. 11 hearingWILMINGTON, Del.
Tribune, bondholders reach agreement on access to buyout recordsSeptember 24th, 2009 Tribune, bondholders agree on records accessWILMINGTON, Del. — Attorneys representing Tribune Co.
Judge approves Star Tribune reorganization, company to emerge from Chapter 11 by month's endSeptember 17th, 2009 Judge approves Star Tribune reorganizationNEW YORK — A federal judge in New York has cleared the Star Tribune of Minneapolis to emerge from bankruptcy protection by the end of the month. As anticipated, Judge Robert D.
Government announces bonus for railway employeesSeptember 17th, 2009 NEW DELHI - Around 13.05 lakh railway employees will get productivity-linked bonus, equivalent to 75 days of their wages, for 2008-09, the government said Thursday. The decision, taken in a cabinet meeting chaired by Prime Minister Manmohan Singh Thursday, will cost the government Rs.889 crore.
AP Source: NY Attorney General preparing charges against BofA execs over Merrill Lynch dealSeptember 14th, 2009 AP Source: Cuomo preparing charges against BofANEW YORK — The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's alleged failure to disclose details about its acquisition of Merrill Lynch, according to a person familiar with the investigation. Attorney General Andrew Cuomo's office is likely to file civil charges against the executives over their role in failing to alert shareholders to mounting losses as well as accelerated bonus payments at Merrill, said the person, who requested anonymity because no charges have been filed yet.
Bank of America defends $33M Merrill Lynch bonus settlementAugust 24th, 2009 BofA defends Merrill bonus settlementCHARLOTTE, N.C. — Bank of America Corp.
Judge says more details, names needed in $33 million Bank of America bonus settlementAugust 11th, 2009 Judge: More details needed in BofA bonus caseNEW YORK —A federal judge says he needs more time and additional details before making a decision on a $33 million settlement between Bank of America and the Securities and Exchange Commission over executive bonuses. In a hearing in New York on Monday, U.S.
Bankruptcy judge gives newspaper union access to Tribune bonus informationAugust 11th, 2009 Newspaper union to see Tribune bonus informationWILMINGTON, Del. — A federal bankruptcy judge in Delaware says a union representing newspaper workers can see details about the Tribune Co.'s proposal to give bonuses totaling up to $70 million to the company's top managers.
Federal judge says documents in Blagojevich corruption case must remain mostly under sealJuly 29th, 2009 Judge: Blagojevich papers to remain mostly sealedCHICAGO — A federal judge says he'll largely turn down media requests for access to sealed documents in former Illinois Gov. Rod Blagojevich's (blah-GOY'-uh-vich-is) political corruption case.
Sun-Times asks judge to delay consideration of proposed bonus planJune 10th, 2009 Consideration of Sun-Times bonus plan on holdWILMINGTON, Del. — The Sun-Times Media Group has asked a bankruptcy judge to delay consideration of proposed bonuses of up to $1.8 million for certain employees in the event of a successful sale of assets.
IRS auditing Tribune Co. employee stock ownership planMay 13th, 2009 IRS auditing Tribune employee stock planCHICAGO — The Internal Revenue Service is auditing a Tribune Co. deal involving its employee stock ownership plan, a major piece of Sam Zell's plan to take his media company private.
Bankruptcy judge approves Tribune request for permission to pay $13M in employee bonusesMay 12th, 2009 Judge approves Tribune bonus paymentsWILMINGTON, Del. — The Tribune Co.
Rights to Dick Tracy character among pending issues in Tribune bankruptcy caseApril 30th, 2009 Hearing scheduled in Tribune bankruptcyWILMINGTON, Del. — Attorneys are headed to court to discuss Tribune Co.'s assertion that it owns the television and movie rights to comic book character Dick Tracy.
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