Word: closing
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...drug dealer. Another Globe staffer, perky bloggista Della Frye (Rachel McAdams), is digging for sexual dirt attending the relationship of a Capitol Hill researcher, dead in a train accident, to her boss, Congressman Stephen Collins (Affleck). Cal muscles in on Della's story because in college he was close to the budding politician - and even closer to Stephen's wife, Anne (Robin Wright Penn). As Cal and Della form an uneasy alliance, they begin trying to weave a coherent pattern out of dozens of threads: Stephen's affair with the dead woman; his estrangement from his wife; his chairing...
...engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is that the car company's retired workers are blaming the firm's creditors for dragging their feet and pushing GM closer to bankruptcy. On the one side is a group that wants its money back and on the other are the people who worked on the assembly line for decades and don't want to spend their golden years without healthcare or a pension...
...bondholders would not get a penny under the plan being proposed. The GM shares they would receive may be worthless in a year if the car company cannot mount a furious comeback against both the economy and more well-financed and adroit competitors from Asia. GM is so close to being put into Chapter 11, effectively at the hands of the federal government, that its offer of equity-for-debt will probably by-pass the powerful committee that represents the firm's bondholders in negotiations. The company has made the correct calculation that it is out of time and that...
...future in these final weeks of negotiation will be decided by old men who have retired from years of blue collar living pitted against old men in business suits who have legions of attorneys trying to redeem their bonds at close to face value. The interests of each side are precious enough that neither side is likely to back down...
...eliminating productivity bonuses due this year and next, to changes in the way overtime pay is computed, and to the elimination of the traditional cost-of-living allowances as well as to cuts in the special supplemental unemployment benefits for employees with less than 20 years seniority. Sources close to the negotiations tell TIME that the union has not yet agreed to the changes in funding Chrysler's health-care trust, which was established...