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Teamsters sue UPS, alleges violations over driver buyout program
The International Brotherhood of Teamsters, the union representing more than 300,000 UPS workers nationwide, is suing UPS, the shipping and logistics giant, alleging the company has violated the 2023 labor contract with its most recent employee buyout option.
Judge won’t fast-track Icahn claim against Dell
WILMINGTON, Del. — A Delaware judge on Friday dealt a blow to activist investor Carl Icahn’s effort to stop CEO and founder Michael Dell’s $24.8 billion buyout offer for the […]
Icahn signs confidentiality agreement with Dell
Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell’s plan to take the struggling company private, has entered a confidentiality agreement that would give him access to […]
FedEx officers, directors accept buyout plan
NEW YORK — FedEx Corp., the world’s second biggest package delivery company, said Wednesday that it will lose more than 10 percent of its U.S.-based executives under a voluntary buyout […]
Verizon offering buyouts to 1,700 wireline workers
NEW YORK — Phone company Verizon Communications Inc. is offering buyouts to 1,700 workers, mainly call-center employees and technicians, as it continues to shrink its wireline business. The offer applies […]
Tribune Co. to offer new bankruptcy plan
WILMINGTON, Del. — Tribune Co., whose plan to exit bankruptcy was rejected by a judge late Monday, will file a new proposal by Nov. 22, Chief Restructuring Officer Don Liebentritt […]
Blackboard to be taken private in $1.64B deal
WASHINGTON — Educational software maker Blackboard is being taken private for $1.64 billion in cash by an investor group led by affiliates of Providence Equity Partners. Under the deal’s terms […]
Private equity firms to take over BJ’s Wholesale
NEW YORK — BJ’s Wholesale Club is being acquired by two private equity investors for roughly $2.8 billion in a widely expected deal. The nation’s third-largest wholesale club said Wednesday that […]
Hertz boosts buyout offer for Dollar Thrifty
NEW YORK — Hertz is raising the stakes in its pursuit of Dollar Thrifty Automotive Group Inc. in hopes of besting rival Avis’ efforts to acquire the Oklahoma-based car rental […]
Attorneys argue merits of Tribune reorganization plans
WILMINGTON, Del.— Attorneys for Tribune Co. and a rival group of creditors argued the merits of their competing reorganization plans for the media conglomerate Monday before a Delaware bankruptcy judge […]
Tribune creditors seek buyout info
WILMINGTON, Del. — Attorneys for creditors who oppose the Tribune Co.’s proposed reorganization plan are seeking more information related to the 2007 leveraged buyout that left the media conglomerate saddled […]
Week in review: December 10, 2010
2 city fires cause damage, closings A five-alarm fire damaged several buildings Monday on The Block, Baltimore’s adult-entertainment district. The next morning, about a mile away, another fire destroyed businesses, including […]
