Detroit’s emergency financial manager dismissed a proposal to raise as much as $2 billion for the bankrupt city by selling its art collection or using it to secure a loan.
Playboy Enterprises Inc. , the target of competing takeover bids from founder Hugh M. Hefner and the owner of Penthouse magazine , posted a smaller quarterly loss than analysts projected after lower restructuring costs.
Four U.S. Open umpires sued the U.S. Tennis Association, claiming the group misclassified them as independent contractors to avoid giving them overtime and other pay.
FriendFinder Networks Inc. , the Penthouse magazine publisher vying to acquire Playboy Enterprises Inc. , has completed a $551 million debt financing, the company said today in a statement.
"There's nothing going on at this point."
- Marc Bell on Aug 29, 2012