(image via dealbreaker)
"Donald Trump resigned from the board of debt-laden Trump Entertainment Resorts Inc. as bondholders weighed forcing the casino company he founded into involuntary bankruptcy next week. 'I have nothing to do with it. I’m not in it, I’m not on the board,' Trump, who was chairman, said in a telephone interview yesterday. He said he had 'no idea' whether there will be a bankruptcy filing. Trump’s departure comes ahead of a Feb. 17 deadline to make a $53 million bond payment first due on Dec. 1. The target has been extended four times since an initial grace period ended Dec. 31. Bondholders are planning to force Trump Entertainment into Chapter 11 bankruptcy early next week, the Wall Street Journal said, citing unidentified people familiar with the matter." (Bloomberg)
"The U.S. and its major allies softened their criticism of China's controversial currency policy, in a shift that reflects the West's eagerness for Beijing's help in resolving the global financial and economic crisis. Having just weeks ago accused China of manipulating its currency to gain an edge in foreign trade, Treasury Secretary Timothy Geithner on Saturday praised Beijing for "playing a very important stabilizing role in the international financial system today.' Mr. Geithner also signed onto a statement by top economic officials from the Group of Seven major industrial powers, who, after meeting in Rome, welcomed 'China's fiscal measures and continued commitment to move to a more flexible exchange rate.' Beijing put together a $581 billion spending package in November in an effort to spur the slowing Chinese economy, a sum approaching the $787.2 billion U.S. spending and tax-cut bill now awaiting President Barack Obama's signature." (WSJ)
(image via themavenreport)
"If Britney Spears can save herself, perhaps she can save publishing too. The star has publicly cleaned up her act since her break with reality and bizarre public behavior in recent years. She even made a hit record. Now the pop star wants to write a memoir about it all, and has invited the top publishers in the land to fly to L.A. to meet with her about it. Talk about a beauty contest. Coming just a day after the bloodbath at HarperCollins that suggested that book-land is on the ropes, publishers were invited to see if publishing has a future star in Britney. Top editors, including Dutton’s Brian Tart, Spiegel & Grau’s Julie Grau and HarperCollins’ own Carrie Kania, will be taking meetings with Spears and her agent, William Morris’ Mel Berger. Morris co-head Jennifer Rudolph Walsh is said to be the chaperone. Not that long ago this kind of beauty contest, in which editors introduced themselves and outlined their 'publishing programs' to big names who rarely had anything resembling a book proposal on paper, was common. That’s how publishers bought books from both Clintons, for example, as well as most Hollywood stars." (TheWrap)
"These are 4-day numbers based on Friday's openers for what could be the biggest Presidents Weekend in Hollywood history -- well over $200 million and up 30% over last year ... I don't know which is worse: that moviegoers flocked to horrific Friday The 13th 2009 because it's Friday the 13th. Or that they plan to see a machete-wielding psycho killer with a loved one on Valentines Day as well. Or that they eventually tire of these horror retread remakes. That's why New Line gave director Michael Bay's production company this franchise to revive." (DeadlineHollywoodDaily)
"Eliza Dushku stopped by (The Howard Stern Show) to promote her new TV series, 'Dollhouse,' and Howard asked her if it was nice to be so fit and good-looking. Eliza deflected, saying she was just a tomboy from Boston .. Howard asked why Eliza broke up with MLB pitching ace Brad Penny, so she explained that she was free to travel with him early on, but as she picked up work, they couldn't spend as much time together .." (HowardStern.com)
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