Dutch hedge fund Palladyne International Asset Management BV was sued in the U.S. for as much as $500 million by a former executive who claims the company helped Libya’s Qaddafi regime launder money in exchange for kickbacks.
SolarReserve LLC, a U.S. maker of technology that uses sunlight for power, plans multiple bids for Saudi Arabia’s first renewable-energy tender as the country plans to generate a third of its electricity from solar by 2032.
Edith Windsor and Thea Spyer had a 40-year engagement and a two-year marriage, starting with a wedding in Canada recognized under the laws of New York, where they lived, and ending when Spyer died two years ago.
U.S. Treasury Secretary Timothy F. Geithner and House Speaker John Boehner hardened their positions over the fiscal cliff, each blaming the other for a standoff that could lead to more than $600 billion in tax increases and spending cuts in January.
Manhattan developers are planning the city’s biggest decade of office construction since the 1980s, betting on rising demand for modern space even with tenants unsigned and the availability of financing more limited.
After firing 20 percent of its workers, doubling water rates and outsourcing trash collection, Flint, Michigan, has a balanced budget. It’s also approaching the point at which it can’t function as a city.