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The Wire

Correction: Lear Bankruptcy story

In a Nov. 9 story about Lear Corp. emerging from bankruptcy protection, The Associated Press erroneously reported that third-quarter results would be released on Nov. 11. Those results were released on Nov. 9.

Auto parts supplier Lear issues 2009 sales outlook

Auto parts supplier Lear Corp., which emerged from bankruptcy protection two days ago, said Wednesday it expects sales this year will total $9.5 billion, well below last year's results.

Auto supplier Lear exits bankruptcy

Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business.

TV legend Norman Lear receives AARP service award

Television legend Norman Lear has been awarded the AARP's annual Andrus Award for service.

Auto parts maker Lear Corp. files for Chapter 11

Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support from lenders and bondholders to reorganize its struggling business.

Lear prepping for bankruptcy, has creditor support

Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund its operations while under court protection.

Lear shares plunge on Chapter 11 worries

Shares of Lear Corp. tumbled for a third straight day Friday on worries that a Chapter 11 bankruptcy filing at the auto supplier was imminent.

Best bets: Travolta takes on ‘Pelham’ remake

It may be hard to believe that Denzel Washington is stepping into a role once played by Walter Matthau, but in that’s just what he does. Will the hijacking of a New York subway train play — or even make sense — in the post-9/11 era? Some have doubts. But it should be fun watching John Travolta ham it up as the bad guy. (Opens June 12)

PBS keeps 'King Lear' nude decision under wraps

Ian McKellen's acclaimed performance in "King Lear" is coming to PBS, but a public TV executive was coy Saturday about whether his on-stage nude scene will be exposed on air.

The Vine

Never Sleep With An Elephant

I have always encouraged caution to companies that sleep with an elephant. If it rolls over you're dead. I know how crushing that is because I have done it and been killed. Too bad I was never hired as a consultant to General Motors.

Lear Agrees to Buyout Offer of $2.8 Billion From Icahn - New York Times
Source: The New York Times

Icahn faces more problems from shareholders, who feel the deal is undervalued. Stocks feel 1.7% after the announcement of the deal. Maybe the market is telling investors something about the deal....

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