Posts Tagged ‘stake’
Citi in Talks With Government
Sunday, February 22, 2009 21:54 1 CommentThe WSJ is reporting that the US government is in talks with Citigroup in a deal which would include the government buying a 40% stake in the troubled bank. ChartingStocks.net was the first to report that the government would be taking Citigroup and Bank of America over.
Financial Times said Citigroup is pressing the U.S. government [...]
Tribune Co. Going Bankrupt
Sunday, December 7, 2008 23:06 2 CommentsTribune Co. may be filing for Chapter 11 Bankruptcy next week, as advertising revenues tumbled.The company has $1.5 billion due in interest payments on debt due over the next 8 months and won’t have the cash to make good. Tribune has hired Lazard to prepare the bankruptcy filings.
Tribune has been in trouble for a while. [...]





















