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Adelphia Communications and more than 200 subsidiaries filed for Chapter 11 bankruptcy protection Tuesday night in U.S. Bankruptcy Court in New York, a week after the company missed $96 million in bond interest and preferred stock dividend payments.Adelphia Communications long-awaited bankruptcy filing is being greeted by analysts as a chance for the nation s sixth largest cable television company to keep operating while it tries to unsnarl its finances and get mounting debt under control.Erland E. Kailbourne, chairman and interim chief executive, said the filing would let Adelphia hold onto assets and reorganize while continuing to serve customers in more than 3,500 communities. Entering into these proceedings will enable us to fully evaluate our enterprise without the immediate pressure to s <a href=https://www.stanleycup.cz>stanley termohrnek ell valuable assets that may well benefit the company in the future, he said.Kailbourne also said employees and stanley thermos vendors will continue to be paid, subject to court approval. Joe Galzerano, high-yield telecommunications analyst for CIBC World Markets, said the company still may be able to avoid being drastically downsized or broken stanley cup up. If you remove all that debt they ve got plenty of cash flow, he said. There s probably no need to start liquidating everything. An immediate reorganization challenge is to complete an accounting for the debt and for subscriber and cash flow numbers the company admitted overstating. The first thing is to get their financials in order, said Galzer Vibg We Are Light-Eaters: The Unearthly Art of James Turrell
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The lone survivor of the Sago Mine disaster and the families of two victims filed lawsuits Wednesday against the mine owner and five other companies.All three lawsuits accuse International Coal Group and a subsidiary of negligence in the operation of the mine. The suits allege that unsafe working conditions led to the Jan. 2 explosion.Twelve men died in the blast and prolonged entra <a href=https://www.stanleymugs.us>stanley cup pment at the coal mine near Buckhannon, while survivor Randal McCloy Jr. was severely injured.The lawsuits were filed in Kanawha County Circuit Court by McCloy and his wife Anna; Judy Bennett, widow of miner Alva Bennett; and Lily Bennett, widow of miner James Bennett.Each suit seeks unspecified compensatory and punitive damages. Besides targeting ICG and its subsidiary, Wolf Run Mining, the suits accuse a number of mine suppliers of failing to provide stanley mug proper safety equipment. Named were Burrell Mining Products Inc., Raleigh Mine and Industrial Supply Inc., GMS Mine Repair and CSE Corp.Ira G stanley cup amm, ICG s vice president for investor and public relations, did not immediately return a telephone message Wednesday. Representatives of the other companies also did not immediately return phone messages.The Bennett families lawsuits also accuse ICG of recklessly failing to control the dissemination of information after the explosion, which resulted in victims families falsely believing for nearly three hours that their loved ones were alive.The McCloys lawsuit said that Randal McCloy has endured gre Znhu So apparently Voyager 1 left our solar system on July 27, 2012
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