(LOS ANGELES) Metro-Goldwyn-Mayer Inc., an iconic Hollywood studio that has fallen on hard times, said Monday it has received several offers from suitors wanting to acquire it or keep it operating as a standalone company. MGM said it will take several weeks to evaluate the offers, which cam
Also tagged bankruptcy law center, fallen-on-hard, hard-times, has-fallen, keep-it-operating, mayer-inc-, mgm, offers, said-it-will, several-offersNEW YORK-(AP) New York bankruptcy judge has rejected a legal challenge by Bernard Madoff’s victims over how they should be compensated. The investors in Madoff’s firm had argued that they are owed $64.8 billion reflected on fictitious account statements. Judge Burton Lifland on Monday uphel
Also tagged 64-8-billion, bankruptcy law center, bernard-madoff, fictitious-account, firm-had, has-rejected, lifland-on-monday, new, victims-over, yorkNEW YORK- (AP) You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that takes effect Monday was supposed to prevent banks from employing tactics that yanked borrowers deeper into debt. Yet an array of loans and cards with crushing terms
Also tagged bankruptcy law center, card-law, cards-with, crushing-terms, finances, get-credit, loans-and, sweeping-credit, yanked-borrowers, york, your-financesSAN JUAN, Puerto Rico – (AP) Lenders have assumed ownership of a stalled luxury resort in Anguilla that has the tiny tourism-dependent island’s only golf course and was codeveloped by a U.S. media mogul, officials said Monday. Victor Banks, Anguilla’s minister of finance and touris
Also tagged a-stalled-luxury, anguilla, bankruptcy law center, banks, course-and, finance-and, have-assumed, officials-said, puerto, sanPORTLAND, Maine – (AP) The telecommunications company FairPoint Communications Inc.’s debt would be cut by nearly two-thirds under its bankruptcy reorganization plan filed Monday. The plan outlined in a filing in U.S. Bankruptcy Court in New York, where FairPoint filed for Chapter 1
Also tagged bankruptcy law center, bankruptcy-reorganization, chapter, communications, court, filed-for, maine, nearly-two-thirds, plan-filed, plan-outlined, point-communications, under-itsFORT MILL, S.C. – (AP) Muzak Holdings LLC said Monday that it has completed its financial restructuring and has emerged from bankruptcy protection. The company, which provides background music programming is heard in stores, office buildings and on-hold phone systems, filed for Ch
Also tagged and-has, and-on-hold, bankruptcy law center, fort, has-completed, llc, office-buildings, which-providesBRUSSELS – (AP) Britain’s plans to wind up mortgage lender Bradford & Bingley and restructure Dunfermline Building Society won European Union approval on Monday, the final hurdle for the last of a raft of British bank bailouts. Britain has pledged 18.6 billion pounds to comp
Also tagged bank-bailouts, bankruptcy law center, british, building-society, european-union, final, has-pledged, lastNEW YORK – (AP) The financially troubled owners of two massive apartment complexes that sold for a record $5.4 billion a few years ago said Monday they’re turning them over to their creditors. The joint venture ownership team led by Tishman Speyer Properties and BlackRock Realty, h
Also tagged ago-said, bankruptcy law center, joint-venture, new, properties, tishman, troubled-owners, two-massive, yorkAP – Texas Instruments Inc. said Monday its fourth-quarter profit soared as factories that use its chips for a wide range of consumer gadgets and industrial products hummed straight through the typically slow December holidays. Continued here: TI 4Q profit, revenue soar on broad chip demand …
Also tagged a-wide-range, broad-chip, consumer-gadgets-, demand, its-fourth-quarter, products-hummed, profit-soared, soar-on-broad, texas, typically, use-itsAP – Fears about President Barack Obama’s health care overhaul increased significantly in December, according to a new poll released as the legislation’s future hangs in doubt. The monthly poll out Monday from the nonpartisan Robert Wood Johnson Foundation measured consumers’ views of how a remake would affect their …
Also tagged a-new-poll, affect-their, fears, from-the, johnson, new-poll, the-legislation