Billy Hunter, the ousted National Basketball Players Association executive director, suffered another loss in his breach of contract lawsuit when a judge dismissed all claims against the union’s ex-president.
Billy Hunter, the ousted National Basketball Players Association executive director, will be able to pursue his breach of contract claims against the union after a court ruling in Van Nuys, California, his lawyer said.
Co-Operative Group Ltd.’s chairman stepped down earlier than planned as its banking unit’s former chief executive officer said its acquisition of Britannia Building Society didn’t cause the lender’s near collapse.
Dresser-Rand Group Inc., with one of the best sales outlooks among makers of oilfield equipment, is turning into a takeover candidate for buyers such as Siemens AG, National Oilwell Varco Inc. and Cameron International Corp.
Honeywell International Inc., the maker of products from thermostats to cockpit controls, predicts the U.S. will grow at a slower pace this year than economists estimate as Congress continues to grapple over spending.
Honeywell International Inc. forecast a 13 percent rise in 2012 earnings as emerging-market growth offsets a slump in Europe and increased demand for commercial aircraft boosts profit at its aerospace unit.