The New York Yankees, the most successful franchise in Major League Baseball history, sit atop their division again. It’s the investors holding about $240 million of municipal debt tied to garages at Yankee Stadium who are in a slump.
Delaware Chancery Court Chief Judge William B. Chandler III , who oversaw challenges to the Walt Disney Co. and Hewlett-Packard Co. boards as head of one of the most important U.S. business litigation courts, is stepping down. Chandler, 60, led the influential five-member court since 1997 and most recently ruled on Air Products & Chemicals Inc. ’s hostile $5 billion bid for Airgas Inc.
Blocks from the boutiques of Rodeo Drive, Mark Elliot navigated his bicycle over the cracked asphalt of Santa Monica Boulevard, dodging nails, discarded tools and a few sewer grates. Ferraris and Maseratis whizzed by, nearly pinning the 49-year-old against a fence.