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Tribune agrees to pay $675000 to ex-chief Randy Michaels
A bankruptcy judge must approve the settlement over Michaels' abrupt resignation in 2010. He had originally sought $900000. By Michael Oneal Tribune Co. agreed to pay former chief executive Randy Michaels $675000 in a settlement stemming from his
Updated: 11/22/2011 11:38P
Nearly $8M In Back Wages, Etc. Recovered From Defunct Silver Spring, Md.-Based
The US Bankruptcy Court for the District of Maryland approved the global settlement allowing the US Department of Labor to recover the $7968744 in back wages, fringe benefits and 401(k) plan for former employees of USProtect Corp.
Updated: 11/22/2011 11:22P
Kzoo postal consolidation plan outlined
Around 80 people showed up to the meeting at the Fetzer Center on Western Michigan University campus, including workers and business owners who depend on the postal service. Nationwide, the US Postal Service is $5.1 billion in debt and must make a $5.5
Updated: 11/22/2011 11:20P
Power to keep flowing, trustee appointed for electric cooperative
BILLINGS - A bankrupt electric cooperative has agreements with suppliers to continue receiving power for its member cooperatives for at least a month, while a bankruptcy judge has agreed to appoint a trustee to oversee Southern Montana Electric's
Updated: 11/22/2011 10:58P
MF Global customers get hope, Corzine asked to testify
Former customers of MF Global Holdings Ltd got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the return of frozen funds. Meanwhile, Jon Corzine, who has been publicly silent
Updated: 11/22/2011 10:50P
It's Time For Jon Corzine To Come Clean At MF Global's Congressional Hearing
A house hearing on the MF Global bankruptcy has been set for December 15, and former CEO Jon Corzine has been called in to testify, Bloomberg reported. The hearing will be conducted with the House Committee on Financial Services's Oversight and
Updated: 11/22/2011 10:42P
MF Global has US$1.2b shortfall: trustee
Former customers of MF Global Holdings got some good news on Tuesday, as the bankruptcy trustee secured more assets and the CME Group Inc expanded a guarantee to speed the return of frozen funds. Meanwhile, Jon Corzine, who has been publicly silent
Updated: 11/22/2011 10:36P
Postal Service raising Express Mail, Priority Mail rates
AP WASHINGTON -- The cash-strapped US Postal Service is raising rates for its more profitable Express Mail and Priority Mail shipping next year as part of its efforts to stave off bankruptcy. The new prices, which take effect Jan.
Updated: 11/22/2011 10:19P
Business news briefs, Nov. 23
Travelport Ltd. Said Tuesday that a federal judge tossed out most of American Airlines' antitrust lawsuit against the flight-information provider and online travel agent Orbitz. Travelport, which owns nearly half of Orbitz, said the judge dismissed
Updated: 11/22/2011 10:19P
Harrisburg Mayor Presents 2012 Budget On The Eve of a Bankruptcy Hearing
But with a looming state takeover, and a bankruptcy court hearing Wednesday morning the question on everyone's mind is does this budget even matter? "Federal law is going to trump state law. Whenever you're in a bankruptcy proceeding formally,
Updated: 11/22/2011 10:18P
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