Canada Pension Plan Investment Board is close to buying a 49 percent stake in Manhattan’s 1 Park Ave., a prewar office tower controlled by Vornado Realty Trust, according to a person with knowledge of the deal.
Daniel Mudd, the former chief executive officer of Fannie Mae, and Richard Syron, ex-CEO of Freddie Mac, were sued by the U.S. Securities and Exchange Commission for understating by hundreds of billions of dollars the subprime loans held by the firms.
Liverpool’s board agreed to sell England’s most successful soccer club to John W. Henry ’s Boston Red Sox holding company over the objections of owners Tom Hicks and George Gillett , who vowed to resist an offer they said is too low.
Fabrice Tourre, the Goldman Sachs Group Inc. executive director sued by the Securities and Exchange Commission for fraud, disputed the claims and said he relied on his firm’s legal and compliance department.
Compania Mexicana de Aviacion, Mexico’s biggest airline by passengers, filed for protection from creditors in Mexico and the U.S. after its executives said they had failed to reach cost-saving agreements with labor unions.
A record of winning is the biggest asset John W. Henry ’s Boston Red Sox holding company brings to its pending purchase of Liverpool, according to the chairman of England’s most-successful soccer club.