Several Snohomish County dining establishments have been honored with a Washington Wine Restaurant Awards. The winners were announced Friday. Anthony’s Hearthfire Grill in Everett and Tulalip Bay Exceptional Dining in the Tulalip Casino won a grand award for their support of Washington wines, Ivar’s Mukilteo Landing won an award of distinction and Tulalip Bay Exceptional Dining won for Best Restaurant Event for its Taste of Tulalip.
Washington Mutual files for bankruptcy
Washington Mutual Inc. has filed a Chapter 11 reorganization plan, two weeks after resolving a $4 billion dispute with JPMorgan Chase &Co. and the Federal Deposit Insurance Corp. The bank holding company filed its 521-page reorganization plan late Friday in U.S. Bankruptcy Court in Delaware, two weeks after reaching the agreement with JPMorgan and the FDIC. No date has been set for a hearing on the plan. The FDIC seized Washington Mutual’s flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion. The sale resulted in the two banking companies and the government agency trading lawsuits over roughly $4 billion in disputed deposit accounts following the largest bank failure in U.S. history.
Chrysler reinstates 50 dealers it tried to drop
If your local Chrysler dealer was forced out of business by the company last year, it could soon be selling new cars again. Chrysler Group LLC said Friday it is offering to reinstate 50 of the 789 dealers that it previously tried to drop while it was making its way through Chapter 11 bankruptcy protection. The 50 Chrysler dealers, which the company would not identify, are in areas that can offer service to customers without hurting the remaining stores in its network of 2,334 dealers selling Chrysler, Dodge and Jeep vehicles in the U.S., the company said. The dealers being offered reinstatement have not yet been notified of the company’s decision, a spokeswoman said. The 50 dealers were among 418 that sought arbitration to appeal the automaker’s decisions.
China buyers group nearing Volvo deal
A spokesman for Volvo Cars says that China’s Zhejiang Geely Holding Group could sign a binding deal to buy the Swedish automaker from Ford Motor Co. this weekend. Geely and Ford have earlier said that they expect to pen it by the end of March. Volvo spokesman Per-Ake Froberg said Friday that the deal could be reached on Sunday, “but it’s not set in stone yet.” He declined to comment on the price tag. Analysts have estimated the deal at about $2 billion. Ford has been trying to sell Volvo since late 2008 to focus its resources on managing its core Ford, Lincoln and Mercury brands. Geely, an independent automaker that has struggled to upgrade its image in overseas markets, has long coveted a stronger foothold in Europe.
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