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Start Over Topic liquidity (economics) Publication Type Newspapers Region alabama
2 results

1. New York Times Sells Asset.

Author

ADAMS, RUSSELL

Subjects
*SALE of business enterprises, *NEWSPAPERS, *LIQUIDITY (Economics)
Abstract

The article reports on the decision of New York Times Co. to sell the "TimesDaily," a newspaper based in Florence, Alabama and part of the Regional Media Group. It mentions that vice chairman Michael Golden was appointed president and chief operating officer of the group. It cites that the buyer of the paper is Tennessee Valley Printing Co., but terms of the sale were not disclosed. It notes that Times has been trying to sell assets to improve liquidity as it faces declining profit and looming debt payments.

Published
2009

2. Alabama Candidates Tout Bankruptcy.

Author

Sigo, Shelly

Subjects
MUNICIPAL bankruptcy, LIQUIDITY (Economics), MONEY supply, POLITICAL candidates, ECONOMICS
Abstract

The article reports on the call of two Republican candidates for Jefferson County, Alabama to file the largest municipal bankruptcy. According to the author, the advice shapes up due to the ineffectivity of the county to access the bond market as an avenue to help resolve its 3.2 billion dollars sewer debt crisis. Moreover, a call for Republican Governor Bob Riley to step down as the top negotiator with the county's creditors, including banks and bond insurers, is also mentioned.

Published
2009