Business

Pages

Business
5:41 pm
Wed June 15, 2011

US Fidelis founders face multiple felony indictments

Credit St. Charles County Department of Corrections.
Darain and Cory Atkinson

The millionaire brothers who ran US Fidelis, the country’s largest auto-warranty service provider have been indicted on multiple felony charges.

Darain and Cory Atkinson founded US Fidelis in 2003 selling the kind of extended auto warranties often advertised in junk mail or TV.

Over a three-year period the Better Business Bureau received over a thousand complaints and 33,000 inquiries.

Read more
Arch Coal
11:25 am
Tue June 14, 2011

Arch Coal completes tender offer for ICG stock

Credit (via Arch Coal)

Arch Coal says it's completed a $14.60 per share tender offer for stock in rival International Coal Group.

The offer closed Tuesday and Arch says it expects to complete the acquisition of Scott Depot-based ICG Wednesday. Arch offered to buy ICG for $3.4 billion in May.

Arch says ICG shareholders tendered nearly 188 million shares in the offer. It intends to purchase additional shares from ICG to push its ownership stake above 90 percent, enabling the deal to close.

Read more
Business
4:57 pm
Fri June 10, 2011

Los Angeles courting Rams for possible return to California

Credit courtesy AEG
rendering of Farmers Field in Los Angeles

A sports and entertainment company seeking to build an NFL stadium in downtown Los Angeles has spoken to the St. Louis Rams.

AEG President Tim Leiweke told the Orange County Register that he is reaching out to the Minnesota Vikings, San Diego Chargers, Oakland Raiders, St. Louis Rams and Jacksonville Jaguars.

The Rams future in St. Louis may hinge on the status of their downtown stadium, The Edward Jones Dome.

Read more

Pages