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Framestore Opens L.A. Branch Amid VFX Industry's Troubles
ReutersLOS ANGELES (TheWrap.com) - Framestore is a pioneer, at least when it comes to where it sets up shop. The visual effects company is bucking a trend by moving into Los Angeles at a time when the industry can't get out of the city fast enough. Over the...Tags: Bankruptcy, Economy, Business and Finance, Iron Man 3 (movie)
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Legg Mason's new CEO sees compensation more than double
The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based...
Tags: Economy, Business and Finance, Proxy Filings, New Products, Harbor East, Corporate Officers
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Bain Capital's Guitar Center hits rough patch
ReutersNEW YORK, June 12 (Reuters-BUYOUTS)-Standard & Poor's cut its debt rating on Bain Capital-owned Guitar Center Holdings Inc late last month, as the music retailer purchased during the height of the 2007 buyout boom struggles with "weak operating trends."...Tags: Ratings, Music, Bain Capital, LLC, Loans, Entertainment
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Clearwire urges shareholders to accept Dish offer
ReutersNEW YORK (Reuters) - Clearwire Corp's board urged shareholders on Wednesday to accept a tender offer from Dish Network Corp over an earlier deal with majority owner Sprint Nextel Corp to buy out the minority shareholders of the wireless service provider....Tags: Marketing, Economy, Business and Finance, Shareholders, Intel Corp., Politics
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Offshore tax strategies may have fewer individual takers
Orlando lawyer Scott G. Miller says he used to field lots of calls from rich doctors and business owners who wanted to know how to fend off taxes and protect their assets from creditors by placing at least some of their money in an offshore account....
Tags: Orlando, Internal Revenue Service, Taxation, Crime, Law and Justice, Rand Paul
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MOVES-GE Capital, Raymond James Financial, Deutsche Bank
ReutersJune 12 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email to moves@thomsonreuters.com. RAYMOND JAMES FINANCIAL INC The company expanded its adviser force in...Tags: Marketing, Morgan Stanley Dean Witter & Company, Economy, Business and Finance, General Electric Company, Raymond James Financial Incorporated
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GM targets investment grade rating 'within the year'
ReutersDETROIT (Reuters) - General Motors Co on Wednesday said it is targeting an investment grade credit rating "within the year" as the automaker works to distance itself from the stigma of its 2009 bankruptcy. GM disclosed the goal in slides posted online...Tags: Ratings, General Motors Corp., Bankruptcy, Financially Distressed Companies, Credit Ratings
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Madoff's UK unit was "warehouse for stolen money" -liquidators' representative
ReutersBy Laurence Fletcher LONDON, June 12 (Reuters) - U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme and buy luxury items for himself, a court heard on Wednesday. The...Tags: Bankruptcy, Economy, Business and Finance, Financially Distressed Companies, United Kingdom, Theft
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Cosi CEO Carin Stutz resigns
Tribune staff reporterCosi Inc., the beleaguered Deerfield-based fast casual restaurant chain, has lost another chief executive. The chain said in a statement late Tuesday that Carin Stutz resigned and that chairman of the board Stephen Edwards would take her place....Tags: Burger King, Cosi Incorporated, Panera Bread Company, Economy, Business and Finance, Stock Market
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BBX Capital settles for $44 million from Catalfumo
Fort Lauderdale-based BBX Capital Corp., formerly BankAtlantic Bancorp., announced a settlement on litigation over loans made to Palm Beach County builder Daniel S. Catalfumo, members of his family and related entities. The $44 million settlement calls...Tags: Real Estate Sellers, Bankruptcy, BankAtlantic, Economy, Business and Finance, Palm Beach County
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Fleetwood Mac, Clear Channel sign revenue-sharing deal
Clear Channel Media & Entertainment has signed an agreement with the veteran band Fleetwood Mac to share performance royalties from songs played on the radio, the company said Wednesday. The agreement to let the performers collect revenue from plays...
Tags: Radio Industry, Music, Economy, Business and Finance, Clear Channel Communications Inc., Entertainment
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UPDATE 3-Duke's Edwardsport coal-fired power plant enters service
ReutersBy Scott DiSavino June 10 (Reuters) - Duke Energy Corp's 618-megawatt (MW) Edwardsport coal-fired power plant in Indiana has entered service, the power company said on Monday, one year late and $1.5 billion over budget. Edwardsport is the largest U.S....Tags: Global Warming, Metal and Mineral, Environmental Politics, Mining, General Electric Company
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Jun 12, 2013
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