Banks Optimistic About UAL Buyout: Banks are...
- Share via
Banks Optimistic About UAL Buyout: Banks are generally optimistic on financing a $4.4-billion employee buyout of UAL Corp., although the talks are in their initial stages, a spokesman for the buyout group said. Gerald Greenwald, the executive leading the buyout effort, has had talks with about six banks, said the spokesman for United Employee Acquisition Corp., the buyout group formed by UAL’s three major unions. The group has until Aug. 9 to line up financing for its bid for UAL.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
