Tribune Co Emerges From Bankruptcy With New Ownership
Tribune Co. leaves Chapter 11 after more than four years with a restructured plan. New owners include Oaktree Capital Management Angelo Gordon and JPMorgan Chase. A $1.1 billion secured loan funds the plan and a $300 million revolver supports operations. About 100 million shares will be issued to former creditors with warrants.
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Chicago — Tribune Co
Oaktree Capital Management
Angelo, Gordon and Co
Jpmorgan Chase and Co
Tribune
Washington minimum wage rises to 9.19 an hour in 2013
Washington state raises its minimum wage to 9.19 an hour for 2013, edging pay gaps with Idaho and other states. The change, part of automatic inflation adjustments, will give workers like 16 year old Miranda Olson at Wagner's European Bakery a small weekly and yearly boost while lawmakers discuss broader implications.
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Olympia
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Miranda Olson
Olson
Wagner
Washington State
Idaho
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Paul Sonn
National Employment Law Project
Sonn
Washington
Fragmented Stock Footnotes Reveal Fee Structures
The readable bits reference stock market notes and fees, including divisions, SEC references, and past year activity. The text mentions 20 percent, dividends, and bank-related fees, suggesting a summary of disclosures and distribution costs in a financial report.
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