Word: debts
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...News The Tribune Co., which owns the Chicago Tribune, the Los Angeles Times, and the Chicago Cubs, among other properties, filed for bankruptcy on Dec. 8, less than a year after billionaire Samuel Zell took the media conglomerate private. Zell's purchase left the company with $13.4 billion in debt, which it was unable to overcome because of the economic crisis and the dire state of the newspaper industry...
...Sale is finalized, tripling the company's debt. Zell names himself chairman...
JANUARY 2007 TO SEPTEMBER 2008 Company eliminates over 1,000 jobs and sells various assets to alleviate debt...
...That leaves FAS administrators with far fewer resources to combat a deficit for the upcoming fiscal year, which will see increased costs from debt and energy payments on new buildings, increased demands from financial aid, and a $25 million shortfall on the current year’s expenditures...
...Last April, credit rating agencies recognized this achievement and gave Brazil’s sovereign debt “investment grade” status. But this was a small reward given the shift the country has experienced since 1994. Brazilian government bonds remain too cheap (currently paying over 500 basis points above the 10-Year Treasury). Charging a sky-high political premium to a country that has had a fiscal revolution, and where Daniel Dantas can be arrested through due process of law, seems to be rather exaggerated. The bonds’ inadequate BBB-rating—barely above speculative...