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Tribune Co. has hired two investment banks to manage offers to buy its newspapers, executives said Tuesday, adding that no decisions have been made about whether to sell any properties. JPMorgan Chase and Evercore Partners will oversee a process to...
The possibility that the Tribune Co. will sell its newspapers after an imminent exit from bankruptcy has set off a new round of speculation about The Baltimore Sun's future ownership — along with expressions of interest from potential buyers....
The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next...
The Web economics argument of the day is whether Romney's and Warren Buffett's tax rates are really 15 percent or lower. Last night Obama reiterated Warren Buffett's argument that Buffett's tax rate is lower than that of Buffett's secretary. Mitt Romney's...
In 2009, President Barack Obama lifted the $400 billion cap off the bailout money that Freddie Mac and Fannie Mae could pass on to the taxpayers. Apparently, $400 billion wasn't enough. Fannie and Freddie are publicly owned. You and I own them and all the...
Constellation Energy Group Inc. will lay off as much as 8 percent of its work force, or more than 800 people, mostly from the commodities trading division that propelled the company to the brink of bankruptcy this year and forced it into a proposed...
From Wire ReportsALEXANDRIA, Va. - A former executive at Berkshire Hathaway's General Re insurance unit pleaded guilty yesterday to helping American International Group concoct a sham transaction that made AIG's finances appear better than they were. As part of a plea...
Constellation Energy Group sealed an agreement yesterday allowing Warren Buffett's MidAmerican Energy Holdings to buy the company for $4.7 billion, even as the Baltimore firm's largest shareholder was reported to be weighing a higher bid for the company....
Baltimore's Constellation Energy Group and MidAmerican Energy Holdings Co. said yesterday that the two companies filed an application with the Federal Energy Regulatory Commission requesting approval of their proposed $4.7 billion deal. Warren Buffett's...
From Wire ReportsNEW YORK - An executive for Berkshire Hathaway Inc.'s General Re insurance unit has agreed to plead guilty to a federal criminal charge of helping American International Group Inc. use reinsurance to distort its finances, his lawyer said yesterday. Under...
Tags: Trials, Stamford, Warren Buffett, Lawyers, Justice System
Warren E. Buffett's MidAmerican Energy Holdings Co. said yesterday that it is moving forward with a planned $4.7 billion acquisition of Baltimore-based Constellation Energy Group after completing a review of the BGE parent's retail and wholesale...
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