Municipal-bond investors seeking refuge from Detroit’s record bankruptcy may find it in Florida’s Reedy Creek Improvement District, which helps keep Walt Disney Co.’s Magic Kingdom running and is planning its biggest borrowing since at least 1990.
The yield penalty on Michigan’s debt has climbed 40 percent in less than two weeks as defaults by Detroit and two school districts lead investors to question the state’s commitment to protect bondholders.
Walt Disney Co.’s ABC network and Buena Vista Television units asked a federal appeals court to overturn a $319 million judgment won two years ago by the U.K. creators of “Who Wants to Be a Millionaire.”
A former Goldman Sachs Group Inc. analyst who fled while on probation for leading a $6.7 million insider-trading scheme was ordered to pay a $27.7 million judgment in a lawsuit filed by federal regulators.
On a crisp winter’s day in 2010, Bill Foley was exploring a troubled winery for sale in Sonoma County, California, when he was taken aback by the sight of an enclosed horse-riding ring the size of an airplane hangar.
President Barack Obama, speaking in Florida at the same venue where Mitt Romney criticized the incumbent’s immigration policy, gets his turn today to make his case to the critical Hispanic voting bloc.
Seven Seas Water Corp., a Tampa, Florida-based water company that operates in the Caribbean and Latin America, named Claudio Baldovino as president of its South American operations and to the executive committee.