Tribune Prepares Offer for O.C. Register Publisher

Tribune Publishing Co. says it’s working to put together an offer for Freedom Communications Inc. that would top a bid from the existing owner of the Orange County Register publisher, The Wall Street Journal reports.

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LightSquared and Deere & Co. have settled a long-running legal fight over whether the wireless venture’s Global Positioning System network interfered with global receivers made by the farm-equipment manufacturer, WSJ reports.

Great Atlantic & Pacific Tea Co. won bankruptcy-court approval to sell its Food Emporium brand and related intellectual property to Key Food Stores Co-Operative Inc. for $1.75 million, WSJ reports.

Eighteen law professors are urging Congress to postpone proposed changes to a Depression-era law that they say could have “broad negative unintended consequences in the securities markets,” the New York Times reports.

The bankrupt Louisville, Ky., suburb of Hillview said in court papers that it opted to become the first U.S. city since Detroit to file for bankruptcy after facing a “take it or leave it” settlement offer, Reuters reports.

A federal bankruptcy judge suspended a lawyer from practice on Monday in an order that lambasted the man’s employer, Critique Services LLC, as “a massive rip-off operation,” The St. Louis Post-Dispatch reports. The company specializes in low-cost bankruptcy representation.

Spain’s Abengoa has shut down its two Kansas ethanol plants during its bankruptcy, The Wichita Eagle reports.

Write to Katy Stech at [email protected]