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Maybe. Kirch's empire, of which KirchMedia is only a part, is foundering under debts of $5.7 billion. Its creditors include some of Germany's biggest banks as well as foreign media empires, such as Rupert Murdoch's News Corp. and Italian Prime Minister Silvio Berlusconi's Mediaset. The law gives new management 90 days to come up with an operating plan under "self-administration," similar to the Chapter 11 bankruptcy provisions in the U.S. "There are more possibilities to save the firm than under the old law," says attorney Peter Neu, who specializes in bankruptcies. "They don't have...
Both Nye and Vogel said in separate e-mail messages that they are not acquainted with either Taiwan Transport Machinery or Yamada International Corp...
...parole; from Drapchi Prison in Lhasa. RELEASED. PETA THORNYCROFT, 57, correspondent for Britain's Daily Telegraph who was detained by authorities in Zimbabwe under a security act for publishing false information; by order of a high court in Harare. RESIGNED. RICK BELLUZZO, president and chief operating officer of Microsoft Corp., after serving little more than a year in the position; in Seattle. Claiming the move was part of restructuring that he designed, Belluzzo announced plans to stay with the company through September and oversee the transition. SENTENCED. MARK STROMAN, 32, Texas stoneworker convicted of capital murder for shooting Indian-born...
...analysis of recreational and athletic space controlled by the Faculty of Arts and Sciences (FAS)—commissioned last year and originally expected on Knowles’ desk last fall—has essentially been completed by consultants at HNTB Corp., a space planning firm, according to FAS Director of Physical Resources Michael N. Lichten...
...losses. Without an adequate tariff, Blecker argues, the U.S. economy stands to lose more than 300,000 jobs. The President should not bow to the pressures of foreign importers who are profiting from steel imported in violation of trade laws. --DAN DIMICCO President and CEO Nucor Corp. Charlotte...