Granite Broadcasting files for Chapter 11
Granite Broadcasting Corp., owner of television stations in California and New York, filed for Chapter 11 bankruptcy protection.
Granite was forced into bankruptcy in part by the demise of the WB Network, which made it impossible to sell the company’s station in San Francisco, the New York-based broadcaster said.
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* Lukoil, Russia’s top oil producer, said it was negotiating to acquire a chain of 380 European filling stations from U.S. partner ConocoPhillips.
* A federal judge in Atlanta upheld an order approving Delta Air Lines Inc.’s request to terminate its pilots’ pension plan over the objections of 223 retired pilots.
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