Ronald Perelman can pursue a claim that art gallery owner Larry Gagosian used his position of trust to force the billionaire to buy a Jeff Koons sculpture of the cartoon character “Popeye” for $4 million, a judge ruled.
The Federal Bureau of Investigation is probing envelopes containing suspicious white powder mailed to several motels in New Jersey near the MetLife Stadium where the Super Bowl will be held Sunday, the agency said.
Home sales in New York’s Hamptons, the beachside retreat of financiers and celebrities, declined last quarter from a record set a year earlier when sellers rushed to unload properties before an expected tax increase.
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, is on track for its largest pretax loss since 2008 after setting aside 3.1 billion pounds more ($5.1 billion) for legal and compensation claims.
Sales of previously owned homes climbed in December for the first time in five months, capping the best year since 2006 and indicating the real-estate market is starting to adjust to higher borrowing costs.