E&Y Settles HealthSouth Case for $109M
Auditor for the scandal-ridden health-care provider will create investor fund as a result of the class-action agreement.
Diebold Probe Costs CFO His Job
Kevin Krakora resigns after receiving a Wells notice from the SEC as it studies the company. Leslie Pierce is named as interim finance chief.
Stanford Financial CFO Will Aid the Feds
James Davis reportedly reverses his decision to plead the Fifth, and says he'll cooperate in an investigation targeting an alleged $8b investment scam.
Led by Citi, Firms Turn to Bonds
After Citigroup's $11 billion in guaranteed notes, the next-largest is Time Warner Cable with $3 billion to help pay for a dividend markeing its split from Time Warner Inc.
Dial-a-Mattress is one of several more consumer-oriented companies to file for Chapter 11 this week, joining Sportsman's Warehouse and Bi-Lo markets.
In Treasury’s Court: GM Bondholders’ Proposal
They urge the U.S. to scrap the automaker's restructuring agreement and avert "dire consequences."
Bankruptcy: Solution for Two More Companies
A casino operator and a Caterpillar and Deere supplier seek protection under Chapter 11.
Ford’s Debt Buyback Is in Overdrive
Ford Credit doubles its loan repurchase program to catch up to oversubscription.
Citi Elevates CFO Crittenden
Gary Crittenden takes the reins at Citi's brokerage and consumer finance units, and will oversee the management of assets linked to the government bailout.
Almost All Is Quiet on the Layoff Front
Caterpillar adds 2,200 more to its head-count cuts, but no other U.S. companies announced four-figure workforce reductions last week.
Ticketmaster Takes Goodwill Hit As Stock Sinks
The recently spun-off company is banking on a merger with a key rival but faces an antitrust battle.