The telecommunications executive backing David Beckham’s bid to return professional soccer to Miami unveiled a new stadium plan and promised to seek voter support for his effort in a November referendum.
Subsidiaries of Truvo Luxemburg Sarl, a Belgium-based international publisher of directories, missed a June 1 interest payment on two issues of second-priority notes and filed a Chapter 11 petition early this morning in New York. Truvo has agreement for the holders of 778 million euros ($964 million) of first-priority senior debt to receive the new equity plus 600 million euros in new debt.
Edward Lampert, the hedge fund manager who controls Sears Holdings Corp., agreed to buy a mansion on an island off Florida’s Biscayne Bay for almost $40 million, brokerage One Sotheby’s International Realty Inc. said.
Plans by Genting Bhd., Asia’s second- biggest casino operator by market value, to build a 5,200-room resort overlooking Miami’s Biscayne Bay stalled when a Florida House of Representatives committee postponed a vote on a bill to expand casino gambling.