Manhattan News
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Updated 1 hour, 13 minutes ago
Shutterfly Inc. rose the most in 10 months after announcing an initial offer to buy Eastman Kodak Co.’s online-picture business for $23.8 million.
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Updated 7 minutes ago
U.S. investigators of bankrupt MF Global Holdings Ltd. have yet to determine after four months of probing whether enough evidence exists to pursue a criminal case, a person with knowledge of the matter said.
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Updated 55 minutes ago
Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
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Investors suing Credit Suisse Group AG, Bank of America Corp. and other companies over claims they artificially suppressed Libor lost a bid for some documents related to a U.S. Justice Department investigation.
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Updated 2 hours, 35 minutes ago
Aereo Inc. will violate copyrights with its service for subscribers in New York City to watch broadcast television programs on personal computers and smartphones, television networks said.
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President Barack Obama told a gathering of Wall Street donors that Democrats can’t unilaterally stop accepting money from big-dollar political- action committees, according to two people at the event.
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Updated 7 minutes ago
The U.S. government said Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, should not be allowed in a court case to “rewrite” the insurer’s rescue agreement and make American taxpayers pay $25 billion more.
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Travelers Cos.’ appeal of a 2011 ruling in the bankruptcy case of Johns Manville Corp., seeking reversal of an order to pay asbestos victims about $500 million, was granted in federal court in New York.
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Eastman Kodak Co., the photography pioneer reorganizing in bankruptcy, agreed to sell its on-line photo services to Shutterfly for $23.8 million.
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Empire State Realty Trust Inc., the company that controls the Empire State Building, was sued by an investor over its plan to become a real estate investment trust and sell shares on the New York Stock Exchange.
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