Mike Krzyzewski decided to continue as coach of the U.S. men’s basketball team that he’s led to 50 straight victories and will be pursuing a third straight gold medal at the 2016 Olympics in Rio de Janeiro.
Blackstone Group LP, the world’s biggest private-equity firm by assets, and Prologis Inc. agreed to buy a portfolio of 17 million square feet (1.6 million square meters) of warehouses for about $960 million, said two people with knowledge of the agreement.
Elena Ambrosiadou, co-founder of Ikos Asset Management Ltd., won a U.K. court case brought by her estranged husband, Martin Coward, over who owns the computer software that runs the hedge fund’s trading platform.
The U.S. awarded $20.8 million in grants for projects in 11 states to reduce water use, including new pipe systems in Northern California and rebates to Las Vegas homeowners who give up their grass lawns.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, plans to spend as much as HK$60 billion ($7.7 billion) to expand operations on the increasingly popular Cotai strip.
Samsung Electronics Co. and LG Electronics Inc. are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs almost $10,000 a set.