Banking regulators on Monday put off proposing how the government would use its new authority to dismantle large, collapsing financial companies, saying they need more time for industry and other regulators to weigh in, Reuters said. The board of the Federal Deposit Insurance Corp. had tentatively planned to vote on Monday on issuing an interim [...]
Dollar Thrifty Automotive Group on Monday reaffirmed its support for a takeover bid from Hertz Global Holdings, passing on what it described as a more lucrative but riskier offer from the Avis Budget Group. The sticking point, once again, appeared to be Avis’s refusal to match the $44.6 million breakup fee in Hertz’s offer, on [...]
Lehman Brothers asked a federal bankruptcy judge on Thursday to delay 50 lawsuits it had filed while it tried to reach settlements and focused on other parts of its enormous bankruptcy, Reuters reports. Many of the lawsuits were filed this week as Lehman raced to beat a two-year deadline to file cases seeking to undo [...]
Lehman Brothers asked a federal bankruptcy judge on Thursday to delay 50 lawsuits it had filed while it tried to reach settlements and focused on other parts of its enormous bankruptcy, Reuters reports. Many of the lawsuits were filed this week as Lehman raced to beat a two-year deadline to file cases seeking to undo [...]
Former House Republican leader Tom DeLay wants his long-awaited trial on money-laundering charges in a legislative campaign moved from what he sees as the liberal city of Austin to his home turf in the Houston area. DeLay, who was in court in Austin Wednesday, says a trial will clear him of wrong-doing, but he doesn’t [...]
Former Rep. Tom DeLay (R-Texas) has been demanding a trial on his money-laundering indictment since 2005, and on Tuesday a Texas judge granted his wish. At a pre-trial hearing in Austin, Senior Judge Pat Priest said the trial would go forward but he did not set a start date, The Associated Press reported. “I’ve been [...]
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