The Tribune Company said Tuesday that it reached agreement with more parties to its bankruptcy as it attemps to bring its publishing and broadcasting business out of Chapter 11, Reuters reports. JPMorgan Chase and unsecured creditors joined a settlement the company previously reached with two hedge funds that hold a large part of it senior [...]
Rep. Eddie Bernice Johnson (D-Texas), who said she “unknowingly” broke Congressional Black Caucus Foundation rules by awarding thousands of dollars in scholarship money to four relatives and a top aide’s two children, will repay the money, the New York Times reports. Members of the Black Caucus are given $10,000 every year to award scholarships. They [...]
Benihana said Tuesday that it would back Coliseum Capital Management co-founder Adam Gray for election at its annual meeting next month in a move intended to stifle a brewing shareholder revolt, The New York Post reported. The Japanese steakhouse chain further said it would reimburse Coliseum for up to $250,000 in costs and offered Mr. [...]
Banking supervisors published draft rules on Friday that will force banks around the world to build up extra capital in good times, but gave no hint of what level of funds banks would be required to hold, Reuters reported. The global committee said it was on track to deliver a complete package of capital and [...]
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