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This U.S. Supreme Court term has all the makings of a blockbuster, with issues such as the constitutionality of the federal health care reform law, the ability of states to pass tough immigration enforcement laws and same-sex marriage rights all set to fall squarely at the Court's doorstep. And those are just the cases that have not officially been added to the Court's docket -yet.
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Blockbuster Inc., the beleaguered video rental business that filed for bankruptcy last fall, is now up for sale. How the recent fundamental changes within the national company will impact the Dubuque store is not entirely clear, but the company did confirm it is not among those slated for closure.
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SEOUL (Reuters) - SK Telecom, South Korea's top mobile carrier, is considering investing in bankrupt U.S. video rental chain Blockbuster Inc., an official with the operator said on Wednesday [March 30]. Blockbuster in Februaryto a group of creditors for $290 million in a "stalking horse bid," used as a starting bid or minimally accepted offer that other interested bidders must surpass if they want to buy the company.
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EDITOR'S NOTE: This story has been updated throughout with details on sale and auction dates. NEW YORK (Reuters) - Blockbuster Inc. will proceed to a sale auction in April after the bankrupt video rental chain negotiated an agreement with creditors who had called for an immediate Chapter 7 liquidation.
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DALLAS, Oct. 27 /PRNewswire-FirstCall/ -- Blockbuster Inc. (OTHER OTC: BLOKA, BLOKB), a leading global provider of rental and retail movie and game entertainment, today announced that it has received final authorization from the U.S. Bankruptcy Court for the Southern District of New York to obtain $125 million in "debtor-in- possession" (DIP) financing from certain of the Company's senior noteholders. This funding is available to help Blockbuster meet its obligations to customers, suppliers and employees in the ordinary course as it implements a plan to recapitalize its balance sheet and substantially reduce debt. The Court had previously authorized Blockbuster access to $20 million of the DIP financing on an interim basis. Today's final order allows Blockbuster to access the entire $12...
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WILMINGTON, Del. (Reuters) - Bankrupt video store chain Blockbuster Inc. has so little remaining value that its lawyers and advisers should not be paid their outstanding fees and expenses at this time, the U.S. trustee overseeing the bankruptcy said in a court filing. The trustee, Tracy Hope Davis, also questioned whether the law firm Weil, Gotshal & Manges LLP could be compensated nearly $70,000 for work related to the company's plan of reorganization, which ultimately collapsed.
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Will Orchard Park get its revenge on Clarence? Will St. Francis and Akeel Lynch be able to outscore St. Joe's and Chad Kelly? Will Depew be able to wrestle the No. 1 small school spot from Alden? Not only will all of those questions be answered, the most fervent high school football fan will be able to see all of those matchups during what is the weekend of the regular season. Week Five is here, and with it comes those showdowns and many others.
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The Evansville Philharmonic and the Owensboro (Ky.) Symphony orchestras are teaming up this week to build buzz, save bucks and close their classics seasons with a musical blockbuster that would be tough for either ensemble to afford on its own, said Alfred Savia. By combining forces, the two orchestras can present 118 instrumentalists and 32 singers in a program of massive orchestral works - Gustav Holst's "The Planets," Hector Berlioz' "Le Corsaire"and Sergei Prokofiev's "Scythian Suite" - in performances in Owensboro on Saturday night and in Evansville on Sunday afternoon.
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Struggling in the face of increasing competition from Netflix and Redbox, Blockbuster will be closing six San Gabriel Valley stores on April 10, according to corporate sources and store representatives. On Wednesday, the company's corporate communications department confirmed that the Hacienda Heights location, at 2143 S Hacienda Blvd., and the West Covina store, at 2500 S. Azusa Ave., will be closing.
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Joe Dumars, the Pistons' president of basketball operations, declared there were "no sacred cows" following the Pistons' loss to eventual world champion Boston in the Eastern Conference Finals - the team's third consecutive loss in the Eastern Conference Finals. On Monday, however, Dumars pulled the trigger, and changed the face of the Pistons, sending All-Star point guard and team captain Chauncey Billups to Denver for nine-time NBA All-Star and 2001 NBA MVP Alien [ALLEN IVERSON]. Dumars also sent forward Antonio McDyess and reserve center Cheikh Samb to Denver in the four-player trade. He (Iverson) embodies a lot of what Joe has established here over a long period of time," Pistons vice president Scott Perry told reporters, "He's a fierce competitor. He's going to bring tremendous en...
