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September 20, 2007 |
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ADELPHIA COMMS: Reaches $167.5 Million Settlement with Deloitte The Adelphia Recovery Trust stated in a press release that that it has reached a $167.5 million settlement of its claims against Adelphia's former auditor Deloitte & Touche LLP in the lawsuit entitled Adelphia Communications Corp. v. Deloitte & Touche... Read More |
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AMERISTAR CASINOS: Completes $675 Mil. Buyout of Resorts East Ameristar Casinos Inc. has completed its acquisition of Resorts East Chicago from Resorts International Holdings LLC for $675 million, plus approximately $10 million of transaction costs.... Read More |
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COUNTRYWIDE FINANCIAL: Plan Seeks to Increase Deposits, WSJ Says Countrywide Financial Corp. plans to double its number of branch offices offering certificates of deposit and money-market accounts over the next four to six months, The Wall Street Journal reports... Read More |
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GENERAL MOTORS: Labor Talks Slows Down Over Planned VEBA Trust Labor talks between General Motors Corp. and the United Auto Workers has slowed down as the parties discuss on a proposal to create a trust that would shoulder more than $90 billion in health-care benefits GM, Ford Motor Co., and Chrysler LLC owe to... Read More |
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LE-NATURE'S INC: Wachovia Capital Faces Suit Over Debtor's Fall A lawsuit was filed Monday in a Manhattan federal court against Wachovia Capital Markets LLC over the downfall of Le-Nature's Inc., the Associated Press reports. The suit also names Gregory J. Podlucky, the Debtor's chairman and chief executive officer... Read More |
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NASDAQ STOCK: Borse Dubai Leads Bid in LSE Stake Sale, WSJ Says Borse Dubai, a stock exchange owned by the government of Dubai emerged as the leading bidder in the sale of Nasdaq Stock Market Inc.'s stake of about 30% in the London Stock Exchange Group PLC and a minority stake in Nasdaq itself, The Wall Street... Read More |
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SAMSONITE CORP: July 31 Balance Sheet Upside-Down by $223 Mil. Samsonite Corporation reported total assets of $759.7 million and total liabilities of $35.6 million, resulting in $223.6 million stockholders' deficit as of July 31, 2007... Read More |
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VIRAGEN INTERNATIONAL: ViraNative Files for Bankruptcy in Sweden Viragen International Inc., a majority-owned subsidiary of Viragen, Inc., disclosed that Umea, Sweden-based subsidiary, ViraNative AB, filed an application seeking protection under the bankruptcy laws of Sweden... Read More |
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