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Will Smith nervous about daughter dating
LOS ANGELES, Oct. 30 (UPI) -- Famed U.S. film studio Metro-Goldwyn Mayer Inc. said it had received enough votes for a reorganization plan that would permit it to enter bankruptcy soon.
The studio said MGM creditors "overwhelmingly" approved what amounts to a prepackaged bankruptcy plan, The Wall Street Journal reported Saturday.
The plan includes having Spyglass Entertainment co-founders Gary Barber and Roger Birnbaum take over as co-chief executive officers, the Journal said.
The pre-bankruptcy dramatics included a failed bid by activist shareholder Carl Icahn to buy enough shares to turn MGM over to rival Lions Gate Entertainment Corp. rather than Spyglass.
In recent months, Icahn has been trying to gain control of Lions Gate, which filed suit against the investor this week, alleging he had bungled the MGM bid by secretly purchasing MGM shares after first coming out against an MGM-Lions Gate merger.
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WINSTON-SALEM, N.C., May 27 (UPI) --
Bluegrass legend Arthel "Doc" Watson was in critical condition following colon surgery at a hospital in Winston-Salem, N.C., his representative said.
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MIAMI, May 27 (UPI) --
Tropical Storm Beryl was expected to make landfall Sunday night on the Southeast Coast of the United States, U.S. forecasters said.
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To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets – including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks – to secure $23.5 billion in credit.
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ANCHORAGE, Alaska, May 27 (UPI) --
A black bear didn't go over a river but went to the woods after scampering through residential and industrial areas of Anchorage, Alaska, police said.
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