Calpine sees bankruptcy claims exceeding $17.4 bln
87274
Bankrupt power producer Calpine Corp.   said on Friday it expected claims in bankruptcy  court to be &quot;significantly greater&quot; than the total consolidated  funded debt of &#36;17.4 billion it reported at the end of last  year.
530395
Tenet Healthcare Corp. on Monday said fourth-quarter charges could exceed $1 billion and it does not expect 2005 operating results to exceed breakeven as the hospital operator struggles with fewer patients and bad debt.
239854
Medicare premiums will rise 17.4 percent next year, or $11.60 a month, the largest dollar increase in the program&#39;s 40-year history, the US Health and Human Services Department said Friday.
61492
Insurance claims for damage caused in  the United States this year by four major hurricanes may reach  $23 billion, surpassing payments on claims for 1992's Hurricane  Andrew, an insurance industry group said on Friday.
449490
Over 17,000 former Enron or Enron-affiliated workers, who had money tied to four pension plans when the company collapsed in 2001 amidst revelations of accounting fraud, will receive their benefit payments.
732817
By Gilbert Chan, The Sacramento Bee, Calif.  Feb. 2--Bank of America wants its employees to go for the green.   In the largest campaign of its kind, the giant banking company today will unveil a $3,000 incentive program for more than 185,000 U.S.
748569
Delphi will get as much as $3.4bn from a group of private equity firms as part of a plan to emerge from bankruptcy.
77300
The investment bank reported $3.17 billion profit for the fiscal fourth quarter, driven by gains in its investment banking and financial advisory segments.
69608
(InfoWorld) - CA continued to move toward a turnaround in its business with an uptick in its fourth-quarter revenue driven by software subscriptions and professional services. However, while revenue rose 7 percent toÂ more thanÂ $1 billion in the fourth quarter of fiscal 2007, CA reported a net loss of $20 million, due in part to $100 million in restructuring and other charges. Some $71 million of the charges were due to severance costs related to the cutting of 1,700 jobs, which CA first outlined in August. Still, the $20 million net loss wasn't as bad as the $41 million loss CA recorded in the fourth quarter of fiscal 2006. Discounting the charges, the software vendor recorded net income of $109 million for the quarter ended March 31, 2007, compared with $81 million in the year-ago quarter. EPS (earnings per share) were $0.20, up from $0.13 a year ago. A consensus estimate of Thomson Financial analysts had predicted that CA would report revenue of $1.01 billion on an EPS of $0.20. John Swainson, CA president and CEO, described the company's performance in the fourth quarter as "solid" with the vendor's attention still firmly fixed on restructuring and cost savings efforts. "Over the last 12 months, we have refreshed virtually all our major product lines," Swainson said in a release. CA is seeing increased demand for its systems management, business service optimization, and security management software, he added. Looking ahead, CA expects to report total revenue in fiscal 2008 of between $4.05 billion and $4.10 billion and EPS, excluding any likely charges, in the range of $0.94 to $0.98. Earlier this week, CA was finally able to lay to rest some of the vestiges of its troubled financial past when the company was known as Computer Associates International. CA announced Monday that it had met the terms of the DPA (deferred prosecution agreement) it entered into back in September 2004 and that the agreement had now expired. Consequently, U.S. District Court Judge I. Leo Glasser dismissed all pending charges against the company, which had stood accused of securities fraud and obstruction of justice for falsely recording software licensing revenue. "I am also very pleased that CA has successfully concluded the DPA," Swainson said in Wednesday's release. "As a result of the hard work of all CA employees, we are now a stronger company and are moving forward with a sense of vigor and enthusiasm to becoming one of the world's most successful software companies. CA entered into the DPA after several of the company's former executives, including the previous CEO Sanjay Kumar, were found to have falsely reported hundreds of millions of dollars in revenue before licensing agreements were finalized to bolster quarterly financial results. The practice was dubbed the "35-day month" and later caused the vendor to restate $2.2 billion in revenue. Judge Glasser sentenced Kumar to 12 years in prison in November and then in April ordered the former CEO to pay nearly $800 million in restitution to the victims of the securities fraud he perpetrated. However, that's not the end of the matter. A special committee at CA released a report in AprilÂ blaming cofounder and former Chairman Charles Wang for accounting fraudÂ and recommended suing Wang for damages and the value of the company stock he received.
702101
Tucked against a dry San Jose hillside, Calpine Corp.&#39;s next power plant is a $500 million leap of faith. Workers swarm through the plant&#39;s five-story metal skeleton, the shriek of power tools piercing the air, as they work for completion next spring.
256342
US inflation for all of 2007 hit the highest rate for 17 years, as surging energy and food costs pushed up prices.
703928
Older Americans will have to pay about 17 percent more next year -- the largest increase in Medicare's history -- for their government-run health insurance, U.S. officials announced on Friday.
576226
WASHINGTON -- Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas.
227356
Facing bankruptcy, the New Jersey Symphony Orchestra is selling a collection of rare stringed instruments it bought four years ago for $17 million.
266125
Nearly 17,000 Enron pension plan holders will see their benefits paid, thanks to pressure from the federal government&#39;s Pension Benefit Guaranty Corporation.
421669
Insured losses from California wildfires could exceed $1.6 billion if the fires continue to spread, a risk modeling firm said on Thursday.
16005
SACRAMENTO, CALIF. - California&#39;s top insurance regulator said Wednesday that he will be filing a civil suit shortly in the widening scandal over insurance industry sales practices.