Headlee’s Headlines

A roundup of stories from around the country

Tuesday, April 20, 2010 - 10:04 AM

Every morning, Celeste Headlee scours the country’s newspapers for interesting stories. We're sharing her story lists with you. Here's today's roundup.

From The Denver Post:
MGM isn't selling.  The company has almost $4 billion in debt, it hasn't found a buyer, so films like the new James Bond film are on hold. At the same time, the LA Times reports that movie theatres are increasingly booking live events to make up for lackluster

From The Detroit News:
GM is going to pay off its bailout money early. They are making the announcement tomorrow (Weds). The U.S. government will still own over half of the company though.

I want to give a shout out to all the teams that suck and, therefore, get early picks in the draft. My own lions are an example — Lions fans bravely cheering and chanting "Suh, Suh" and the coach promises that THIS time the team won't disappoint us. At this point in the season, all teams have an equal record.

From The La Times (in a business column):
What the heck? We just got earnings reports from the banks showing huge gains. BofA announced a $3.2 billion quarterly profit. And yet, customers in good standing were informed by BofA that their home equity lines of credit won't be renewed as they approach the five-year mark. From the column: 

"That's a fine how-do-you-do. You hold up your end of the deal and remain a customer in good standing, never missing a payment, never demonstrating greater risk. But your bank nonetheless says it doesn't want your business any more. And all because of 'conditions in the financial markets,' which by virtually all accounts are improving as the recession wanes, and which allowed BofA on Friday to report $3.2 billion in quarterly profit."

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