A Chinese billionaire is teaming up with the most powerful man in the U.S. Senate to build a solar plant in a dusty corner of Nevada, even as officials accuse China of driving energy companies out of business by dumping cheap components on the American market.
Charlie Ergen, Dish Network Inc.’s chairman and controlling shareholder, can’t be excluded from the satellite TV company’s bid in LightSquared Inc.’s bankruptcy auction, a Nevada judge ruled in a shareholder lawsuit.
Kazuo Okada lost a bid to dismiss a lawsuit by Wynn Resorts Ltd., the casino operator that seeks to oust the Japanese billionaire as a director after forcibly redeeming his 20 percent stake in the company last year.
Nicolas Cage , the Oscar-winning star of “Leaving Las Vegas,” bought a seven-bedroom home with a panoramic view of the city’s casino-lined Strip in 2006 for $8.5 million. By January 2010, it was in foreclosure.