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Sinclair Broadcast Group Inc. offered to restructure the nearly $1 billion planned acquisition of seven ABC affiliates and a Washington-based cable news network, changes it says will satisfy cross-ownership concerns recently raised by the Federal Communications Commission. It also announced that its board approved spending $150 million more to repurchase shares. - Jos. A. Bank Clothiers Inc. said Wednesday it has started buying back up to $300 million worth of its shares at $65 each, a step toward its planned acquisition of retail chain Eddie Bauer.
- Eminence Capital LLC, a shareholder that's suing Jos. A. Bank Clothiers Inc. for rejecting a takeover bid from rival Men's Wearhouse, accused the Hampstead-based men's retailer Tuesday of resorting to "desperate tactics" to protect management jobs by planning to buy outdoor clothing retailer Eddie Bauer.
- Sinclair Broadcast Group Inc. plans to buy back up to $100 million of its common shares.
- Hampstead-based suit seller Jos. A. Bank Friday acquired casual clothing chain Eddie Bauer for about $825 million in cash and stock.
- Legg Mason Inc. reported Friday that it lost $453.9 million in the third quarter due to a previously announced noncash charge of $734 million related to the re-evaluation of certain assets.
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- Baltimore-based FTI Consulting said it increased profits by more than 50 percent last year, driven in part by strong growth in its business consulting divisions in Latin America and Asia.
- The days of honest work at honest pay are long gone in America, and it is crippling our economy.
- Investors traditionally have approached bear markets with an eye for bargains. But market volatility has dampened the enthusiasm of many.
