Aisha Al-Muslim

Rural broadband provider Windstream Holdings Inc. is closer to exiting from chapter 11 under a proposal that would allow hedge-fund manager Elliott Management Corp. and other investors to buy the bulk of the company’s equity out of bankruptcy while wiping out most junior debt.

Sinclair Broadcast Group has agreed to a settlement with the Justice Department over the sharing of information between television-station owners that raised antitrust concerns. Sinclair said (there's been no announcement from the Department of Justice) the settlement doesn’t represent an admission of wrongdoing and doesn’t subject the company to monetary damages or penalties. Government officials discovered the alleged sharing of sales information during their review of Sinclair’s $3.9 billion proposed acquisition of Tribune Media. 

Elizabeth Ann Pierce, the former chief executive of an Alaska telecommunications company, has been arrested after federal prosecutors accused her of forging contracts to induce firms to make more than $250 million in investments.