Highlights
A collection of news and information related to Corporations published by Tribune Company sources.
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On top of stock declines, endowments and pension funds face losses on alternative investments
AP Business WritersNEW YORK (AP) _ College endowments and state pension funds plowed billions of dollars into hedge funds and private-equity investments as a way to balance their stock holdings, and for a time they got supercharged returns. Those days are over. From...Tags: Wages and Pensions, Pension and Welfare, Colleges and Universities, University of Virginia, Business Enterprises
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Alternative holdings sour for endowments, pensions
AP Business WritersCollege endowments and state pension funds plowed billions of dollars into hedge funds and private-equity investments as a way to balance their stock holdings, and for a time they got supercharged returns. Those days are over. From Harvard University to...Tags: Pension and Welfare, Wages and Pensions, Colleges and Universities, University of Virginia, Investments
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LA Live opens Thursday
Los Angeles Times Staff WriterDowntown's new LA Live entertainment campus makes its play for Angelenos' hearts with the Thursday debut of a nightly light-show extravaganza called Light of the Angels, bringing a big new player to the annual cavalcade of holiday light displays. The...Tags: Antonio Villaraigosa, Pete Carroll, Football, Religious Festivals, Times Square
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Storied Nile Hilton hotel readies for transformation to Cairo's first Ritz Carlton
AP Business WriterCAIRO, Egypt (AP) _ The Nile Hilton — a Cairo landmark that for half-a-century hosted leaders and stars like Frank Sinatra — will undergo a 350 million Egyptian pound ($63 million) renovation before debuting as the capital's first Ritz...Tags: Hilton Hotels Corp., Renovation, Trips and Vacations, Hotel and Accommodation Industry, Tourism and Leisure
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Big Three Have Good Reason To Fly Corporate
I have been dismayed to read and hear news reports about the shots being taken at executives from the Big Three automakers — Chrysler, Ford and General Motors — for having flown on corporate aircraft to Washington to give their recent...Tags: Business Trips, Bradley International Airport, Automotive Equipment, San Diego (San Diego, California), Trips and Vacations
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Redstone sells Midway Games stake at a huge loss
AP Business WriterBillionaire media mogul Sumner Redstone and his holding companies have sold his family's 80.3 million shares in Midway Games Inc. for less than a penny each, according to a Monday securities filing. The sale means a loss of hundreds of millions of...Tags: Casino and Gambling, Bank of America Corp., Viacom Inc., Sales, Midway Games Incorporated
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Report: Redstone sells stake in Midway Games
Tribune staff and wire reportMedia mogul Sumner Redstone has sold his 87.2 percent stake in Chicago-based video game publisher Midway Games to another investor, according to a Monday filing with the U.S. Securities and Exchange Commission. Redstone, who has put millions of dollars...Tags: Casino and Gambling, Viacom Inc., Loans, Casino and Gambling Industry, Midway Games Incorporated
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EU regulators do a U-turn and spark debate on new rules for hedge funds
AP Business WriterBRUSSELS, Belgium (AP) _ The European Union will this week take the first step toward new rules governing high-risk hedge funds, the EU's financial services chief said Monday. EU Commissioner Charlie McCreevy, long opposed to regulating the funds, is...Tags: Parliament, Financial and Business Services, Sales, European Elections, Financial Services
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Redstone sells Midway Games stake as holding company works on debt restructuring
NEW YORK (AP) _ Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. Redstone, the family's holding company National...Tags: Casino and Gambling, Bank of America Corp., Viacom Inc., Casino and Gambling Industry, Midway Games Incorporated
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New tax rules add to anxiety for small businesses
Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head.
Many also are unaware of new federal tax rules -- some...Tags: Small Businesses, Hermosa, Banking, Earnings, Credit and Debt
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United Way: Your contributions help our neediest residents
The holidays are when we take stock of all that we have — our family and friends, our health, our jobs, our country — and despite our challenges, there is always something for which to be thankful. This is also the season when we...Tags: Health and Safety at School, Broward County, Charity
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'Hardship exemption' only out when board rules against rentals
Special to the TribuneQI bought a new condo seven years ago in a development with the intent of leasing it to supplement my retirement income. I was able to successfully rent the unit for three or four years. The board then initiated a rule not to allow any more rental units...Tags: Illinois, Rentals, Condos and Houses, Homes, Housing and Urban Planning
Dec 3, 2008
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Nov 30, 2008
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Nov 30, 2008
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