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WorldCom allowed to borrow $1.1B
The Associated PressTelecommunications giant WorldCom Inc. won approval Tuesday to borrow up to $1.1 billion to continue operations while it sorts out a plan to emerge from bankruptcy protection, and indicated that its financial health had improved significantly. WorldCom,...Tags: Hunt Valley, Finance, WorldCom Incorporated, JPMorgan Chase & Co., Financially Distressed Companies
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Exec lifts Kmart's stock into blue yonder
Tribune staff reporterJune was a wheeling-and-dealing kind of month for Kmart Holding Corp. Chairman Edward Lampert. In two separate deals, his discount chain sold 78 stores to Sears, Roebuck and Co. and Home Depot Inc. for nearly $1 billion. Not a bad start to the summer...Tags: Stock Market, Berkshire Hathaway Incorporated, Citigroup Incorporated, Financially Distressed Companies, Board of Directors
Oct 15, 2002
|Story| Associated Press
Jul 11, 2004
|Story| Chicago Tribune
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