King Of Prussia News
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Wet Seal Inc. agreed to pay $7.5 million to settle a lawsuit brought by black store managers who claimed they were fired because they didn’t fit the teen clothing retailer’s “brand image.”
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Universal Health Services Inc., a hospital operator, is seeking to lower the rate it pays on a $746 million term loan, according to a person with knowledge of the matter.
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Lend Lease Group plans to sell its half of the King of Prussia shopping mall , the largest shopping center on the U.S. East Coast, to a Morgan Stanley fund for about $545 million.
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InterDigital Inc. said it filed a new patent-infringement complaint against Huawei Technologies Co., ZTE Corp. and Samsung Electronics Co., claiming they are using its technology related to the latest mobile-phone standards.
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Aircastle Ltd ., the commercial- aircraft lessor, is marketing debt as companies sell corporate bonds at the fastest pace since April.
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Banks agreed to pay about $15.5 billion to settle claims by about 720,000 investors outside the U.S. who lost money in Bernard Madoff’s fraud, said the chairman of a group of law firms representing victims.
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Investors in Santos Brasil Participacoes SA, Brazil’s biggest port operator, are shrugging off concern a government push to boost competition will pare profit margins that are twice the industry average.
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Samsung Electronics Co., the world’s second-largest maker of mobile phones, is examining InterDigital Inc.’s patent portfolio after being approached to make a bid, according to two people familiar with the matter.
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Chemtura Corp ., the bankrupt plastic-additives maker, plans to sell high-yield, high-risk debt as junk issuance is poised for its busiest week this year.
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Intel Corp., the Santa Clara, California-based chipmaker, agreed to buy 1,700 patents and patent applications from InterDigital Inc., according to a joint company statement.
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