Finance Law

ROCHESTER, N.Y. -The ripple effect from Eastman Kodak’s bankruptcy filing Thursday extends in many directions: Employees are bracing again for layoffs, retirees are fretting over health care coverage, and the photography pioneer’s biggest creditors and stakeholders — from movie studios and big-box retailers to the CEO — are preparing to take the hit financially. Mayor [...]

“In all my courses, I really have to teach the basic messages of my life… that the rewards, the satisfactions, are not in being partner or making a million dollars, but in recognizing evils, recognizing injustices, and standing up and speaking out about them even in absolutely losing situations where you know it’s not going [...]

Workers at cafeterias in the Eastern School District may soon be on strike, parents have been cautioned. (CBC ) Parents of children at schools in eastern Newfoundland have been warned that picket lines may be in place as early as Friday. The Eastern School District distributed a memo Thursday to parents reporting that unionized workers [...]

The bond market has never been more pessimistic on the chances of KKR Co. and TPG Capital being able to salvage the biggest leveraged buyout in history — the $43.2 billion purchase in 2007 of the electricity provider known then as TXU Corp. Since the private equity firms bought the Dallas-based company, now known as [...]

PHILADELPHIA, Jan. 19, 2012 — /PRNewswire-USNewswire/ — Duane Morris is pleased to announce that Wharton Professor of Legal Studies and Business Ethics Kenneth L. Shropshire has joined the firm’s Corporate Practice Group as special counsel in its Philadelphia office. Shropshire’s arrival bolsters Duane Morris’ corporate capabilities, particularly in the areas of sports and entertainment law. [...]

Man Uses Cellphone To Catch Official Breaking Traffic Laws BAKERSFIELD, Calif. — A viewer contacted 23 ABC after he said he captured cellphone video of an official vehicle breaking many traffic laws Wednesday morning. Eddie Garcia said he took out his cellphone camera after he saw an official vehicle with exempt plates speeding down Panama [...]

Well, isn’t this rich? And I do mean rich. President Obama, man of the people, will deliver his presidential nomination acceptance speech at the Bank of America Stadium in Charlotte, N.C. — so that Democratic Party fundraisers can reward big donors with skyboxes and other lavish perks. As usual, the White House and its allies [...]

Jan. 19 (Bloomberg) — The bond market has never been more pessimistic on the chances of KKR Co. and TPG Capital being able to salvage the biggest leveraged buyout in history — the $43.2 billion purchase in 2007 of the electricity provider known then as TXU Corp. Since the private equity firms bought the Dallas-based [...]

PHILADELPHIA, Jan. 19, 2012 /PRNewswire via COMTEX/ – Duane Morris is pleased to announce that Wharton Professor of Legal Studies and Business Ethics Kenneth L. Shropshire has joined the firm’s Corporate Practice Group as special counsel in its Philadelphia office. Shropshire’s arrival bolsters Duane Morris’ corporate capabilities, particularly in the areas of sports and entertainment [...]