A Dec. 24 story,
TheStreet.com regrets the error. ( corrected Dec. 30)
In a Dec. 12 Arne Alsin column,
TheStreet.com regrets the error. ( corrected Dec. 24)
A Dec. 13 Arne Alsin column,
A Dec. 12 story, originally titled
To reflect that fact and the fact that billionaire shareholder Paul Allen isn't divesting himself of all his VaxGen holdings, the headline on the article has been changed to Billionaire Insider Lightening Up on VaxGen Stake.
TheStreet.com regrets the error. ( corrected Dec. 18)
A Dec. 14 story,
In a Dec. 10 story,
Specifically, the Bank of New York ( BK) has a trustee relationship, not a creditor relationship, with UAL. This means that Bank of New York holds the debt on behalf of others, but isn't necessarily responsible for the $1.6 billion in debt UAL listed in its bankruptcy filing. According to a Bank of New York spokesperson: "The bank of New York is a trustee on all the claims listed in that filing. We are the administrators between the people who issue the bond and the bondholders. And the bondholders are on the hook for this one, in terms of that filing from UAL."
Furthermore, since that story published, some companies have altered their relationship with regard to UAL's debt. After the filing, Bank One ( ONE) announced that it resigned as trustee of the nearly $1 billion in debt and said it will take a $45 million charge in the fourth quarter. The bank has also joined the cadre of banks providing the carrier with debtor-in-possession lending to help it pay bills during bankruptcy. TheStreet.com regrets the error. (Corrected Dec. 11)
A Dec. 6 Brian Gilmartin column,
A table in a Nov. 27 column, "
A Quote of the Day on Dec. 3 misidentified the title of and misspelled the name of AOL (AOL:NYSE) Vice Chairman Ted Leonsis. TheStreet.com regrets the error. (Corrected Dec. 3)