Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”
Fenwick & West LLP represented Facebook Inc. in its $2 billion bid for Oculus VR Inc., the maker of a ski-goggle-like device called Rift, now used for playing games, that eventually could immerse people in experiences including classes and sporting events.
Nairobi’s top traffic cop, Edward Mwamburi, called it the most stressful day of the year: the last day of last month fell on a Friday, meaning paychecks were banked and motorists were ready to party. That made the city’s clotted roads even more chaotic than usual.
The pace of migration of rural Chinese to cities, a dynamic hailed by Premier Li Keqiang as key to the nation’s development, is set to slow by a third in coming years, deepening economic-growth concerns.
Proskauer Rose LLP is advising American Realty Capital Properties Inc. on the company’s plans to spin off most of its multitenant shopping-center business into a publicly traded real estate investment trust valued at more than $2.2 billion.