Sinclair faces bankruptcy risk if Cunningham groups fails
Sinclair Broadcasting warned Wall Street Tuesday that a Cunningham Broadcast Group bankruptcy could trigger a debt refinancing squeeze and revenue loss. The firm sells about 26 million yearly under local marketing agreements and could suffer synergies and loan impacts if Cunningham collapses. Shares fell to 1.10 on Nasdaq amid the turmoil.
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Sinclair Broadcasting
Cunningham Broadcast Group
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Iowa Receives 1.4 Million for Farm Conservation Aid
The Agriculture Appropriations Bill allocates 1.406 million to Iowa for conservation and environmental management. Funds support the Watershed Demonstration Project and Soap Creek Watershed Project, plus programs with the Iowa Soybean Association for environmental systems and watershed management. U S Rep Dave Loebsack praised the effort as boosting farm operations and land protection. Additional allocations include 288000 for Certified Environmental Management Systems and 134000 for Watershed Management and Demonstration Program.
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Iowa
Iowa Soybean Association
Soap Creek
Soap Creek Watershed Board
All-pet airline launches first flight from New York
Pet Airways, the all-pet carrier started by Alysa Binder and Dan Wiesel, launched its first flight from Republic Airport in Farmingdale New York. The service will operate five aircraft to five cities including New York Washington Chicago Denver and Los Angeles with a $250 one way fare.
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Pet Airways
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SEC chief outlines reform after Madoff crisis
SEC Chair Mary Schapiro told the House panel the agency is revamping itself after the Bernard Madoff scandal and the financial crisis. Proposals include restricting short selling in down markets, tougher mutual fund oversight, tighter adviser scrutiny, and easier shareholder director access.
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Ginsberg Will Turn Downtown Retailer With Homelike Market
The Ginsbergs plan a Market Place store designed to feel homelike and showcase extended bridal rings. Groundbreaking is set for 4 p.m. July 21 by Aspect Architecture and Hunter Cos. of Cedar Rapids. four spaces remain open. The family history spans Sedalia and Cedar Rapids with regional stores.
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NAI
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Rozen
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Okinow’s
Second Ave. SE
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