August 12, 2004
* Motorola Inc. said the Internal Revenue Service claims the cellphone maker may owe $500 million in additional tax liability for the years 1996 through 2000. * Leucadia National Corp. won government antitrust clearance to bid for control of MCI Inc., the telephone company that exited the largest bankruptcy filing in U.S. history in April. * Citigroup Inc. won dismissal of a lawsuit claiming the firm helped Enron Corp., Dynegy Inc. and WorldCom Inc. disguise loans. * A U.S.
October 26, 2009 |
Capmark Financial Group Inc., the lender owned by firms including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion. The company listed consolidated debt of $21 billion and consolidated assets of $20.1 billion as of June 30 in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington, Del. Horsham, Penn.-based Capmark is one of the largest U.S. commercial real estate finance companies, with more than $10 billion in originations, according to Moody's Investors Service.
April 11, 1992 |
Three new groups submitted offers to buy failed First Capital Life Insurance Co. of San Diego, insurance regulators said Friday. Pacific Mutual Insurance, Transamerica Occidental Life and a group led by Leucadia National Corp. filed formal buyout offers moments before the final bidding deadline set by California officials two months ago. These offers are added to the initial $50-million bid for First Capital submitted by Shearson Lehman Bros. in February.
April 18, 1992 |
Three of the four groups bidding for control of failed First Capital Life Insurance Co. of San Diego amended their offers Friday, sweetening their buyout proposals just before the deadline for revisions set by California officials. Shearson Lehman Bros., Pacific Mutual Insurance and Transamerica Occidental Life made moderate revisions to their bids for the insurance firm, which was seized by regulators last May after its parent company--junk bond-laden First Capital Holding Corp.
April 9, 1992 |
First Capital Holding Corp.'s creditors committee announced Wednesday that it had teamed up with Leucadia National Corp., the parent of Colonial Penn Life Insurance Co., to submit a buyout bid for troubled First Capital Life Insurance of San Diego. Details of the bid were not disclosed. But the group said its bid will provide more value to First Capital Life policyholders than a competing offer previously made by Shearson Lehman Bros.
December 22, 1998
* Allstate Corp. agreed to buy the two insurance units of Leucadia National Corp. for undisclosed terms, buttressing its individual life insurance and retirement savings businesses. Northbrook, Ill.-based Allstate, the largest publicly held insurer of U.S. homes and autos, is also among the top life insurers. * Bernard Chaus Inc., a maker and designer of women's apparel, fired Chief Executive Andrew Grossman and replaced him with Josephine Chaus, effective immediately.