Manhattan News
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American Airlines’ proposal for severance pay of $20 million to Chief Executive Officer Tom Horton as part of the carrier’s merger with US Airways Group Inc. is opposed by the U.S.
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The bridge collapse on Interstate 5 north of Seattle this week highlighted the nation’s aging infrastructure and the lack of significant improvements in the six years since 13 people died when a Minnesota span fell.
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Updated 1 hour, 20 minutes ago
Visa Inc. and MasterCard Inc. sued trade groups and retailers that rejected a $7.25 billion settlement in a price-fixing suit and asked a court to rule that the card companies’ fee practices weren’t illegal.
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St. John’s University in New York agreed to sell its lower Manhattan campus to a group including developer Steven Witkoff and property investor Fisher Brothers, which plan to build condominiums at the site.
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The U.S. judge overseeing litigation over Argentine debt said he won’t agree to Citigroup Inc.’s request that he declare whether the bank is affected by his order barring payments to holders of restructured debt unless holders of defaulted bonds are also paid.
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Marriott International Inc., the largest publicly traded U.S. hotel chain, can be removed as manager of the Eden Roc Renaissance Hotel in Miami Beach, Florida, a New York court ruled.
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Citigroup Inc. asked the judge overseeing American Airlines’ bankruptcy to force the carrier to decide by July 2 whether to retain the bank’s partnership in its loyalty credit-card and mileage program or risk a multibillion- dollar claim.
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Cerberus Capital Management LP settled a suit filed by a former managing director who claimed she was wrongfully fired after trying to correct misleading marketing materials.
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Mathew Martoma, the former SAC Capital Advisors LP portfolio manager charged in what prosecutors say is the biggest insider-trading scheme in history, will get documents from the U.S. Securities and Exchange Commission in its related civil case, a judge ruled.
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Switzerland’s top negotiator in talks to resolve a U.S. Justice Department probe of Swiss banks that allegedly helped Americans dodge taxes will step down at the end of August.
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