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A collection of news and information related to Corporations published by Tribune Company sources.
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Redstone sells Midway Games stake at a huge loss
AP Business WriterBillionaire media mogul Sumner Redstone and his holding companies have sold his family's 80.3 million shares in Midway Games Inc. for less than a penny each, according to a Monday securities filing. The sale means a loss of hundreds of millions of...Tags: Debt Market, Casino and Gambling, Viacom Inc., Credit and Debt, Bank of America Corp.
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EU regulators do a U-turn and spark debate on new rules for hedge funds
AP Business WriterBRUSSELS, Belgium (AP) _ The European Union will this week take the first step toward new rules governing high-risk hedge funds, the EU's financial services chief said Monday. EU Commissioner Charlie McCreevy, long opposed to regulating the funds, is...Tags: Sales, Parliament, Financial and Business Services, Financial Services, Mutual Funds
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Redstone sells Midway Games stake as holding company works on debt restructuring
NEW YORK (AP) _ Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. Redstone, the family's holding company National...Tags: Debt Market, Casino and Gambling, Viacom Inc., Credit and Debt, Bank of America Corp.
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Report: Redstone sells stake in Midway Games
Tribune staff and wire reportMedia mogul Sumner Redstone has sold his 87.2 percent stake in Chicago-based video game publisher Midway Games to another investor, according to a Monday filing with the U.S. Securities and Exchange Commission. Redstone, who has put millions of dollars...Tags: Debt Market, Casino and Gambling, Viacom Inc., Loans, Credit and Debt
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New tax rules add to anxiety for small businesses
Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head.
Many also are unaware of new federal tax rules -- some...Tags: Hermosa, Advice, Credit and Debt, Riverwoods, Business
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United Way: Your contributions help our neediest residents
The holidays are when we take stock of all that we have — our family and friends, our health, our jobs, our country — and despite our challenges, there is always something for which to be thankful. This is also the season when we...Tags: Health and Safety at School, Charity, Broward County
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'Hardship exemption' only out when board rules against rentals
Special to the TribuneQI bought a new condo seven years ago in a development with the intent of leasing it to supplement my retirement income. I was able to successfully rent the unit for three or four years. The board then initiated a rule not to allow any more rental units...Tags: Interior Policy, Retirement, Condos and Houses, Homes, Rentals
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California commission to decide on safety of L.A. rail line
A state authority is set to decide next week whether transportation planners have done enough to make the Expo Line safe as it passes two South Los Angeles schools. Some residents and school officials want the rail line to either be put underground or on...Tags: Transportation, Los Angeles Unified School District, Health and Safety at School, Railway Transportation, Heavy Engineering
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Council kills plan to give agency more power
247-4536— This week, the four women on the City Council — for the first time — emerged as a cohesive voting block. They shot down a proposal that would have asked the General Assembly in January to allow the city's Economic Development Authority...Tags: Internal Revenue Service, Local Authority, Economic Policy
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Downey Financial files for Chapter 7 liquidation
BANKING Downey files for liquidation Downey Financial Corp., the parent company of the California savings and loan seized by regulators Friday, filed a bankruptcy petition to liquidate itself. The Newport Beach holding company for Downey Savings &...Tags: American International Group, U.S. Bancorp, Bankruptcy, Quarterly or Semiannual Financial Statements, Englewood
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Utilities' surcharge proposal arrives at wrong time
Three of California's largest utilities are proposing something so heavy-handed, it almost seems like a prank. But this is no laughing matter. Southern California Gas Co., San Diego Gas & Electric Co. and Pacific Gas & Electric Co. -- which...Tags: Natural Resources, Jeff Smith, Energy Resources, Bank of America Corp., San Diego Gas & Electric Company
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Nassau developer including women and minority businesses
sid.cassese@newsday.comOfficials at the Nassau Health Care Corp. have announced that, for the first time, minority- and women-owned businesses will get a significant part of one of their sizable construction projects. "About 23 percent of the $2.8 million project to renovate...Tags: National Government, Medical Services, Business Enterprises, Government, House Building
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Chicago Tribune
Dec 1, 2008
|Story| Los Angeles Times
Nov 30, 2008
|Story| South Florida Sun-Sentinel
Nov 30, 2008
|Story| Chicago Tribune
Nov 28, 2008
|Story| Los Angeles Times
Nov 27, 2008
|Story| Hampton Roads Daily Press
Nov 25, 2008
|Story| Los Angeles Times
Nov 23, 2008
|Column| Los Angeles Times
Nov 25, 2008
|Story| Newsday
