Salomon Melgen, the Florida political donor at the center of a criminal probe, said he and Senator Robert Menendez are “like brothers” who spoke weekly, yet his companies never benefited and he broke no laws.
Universal Health Services Inc., the operator of more than 100 U.S. hospitals and other medical facilities, plans to sell high-yield, high-risk notes as Treasury-bond yields have fallen to their lowest this year and investors shun the stock market.
A federal judge said he needs more information on the basis for Bank of America Corp.’s $33 million settlement of a lawsuit filed by the U.S. Securities and Exchange Commission before he can approve it.
Terry Williams borrowed about $7,000 to earn a degree from Spelman College 38 years ago. For her youngest child, a sophomore at Belmont University in Nashville, she will take on almost $40,000 in parental loans.
A year ago, New Jersey contractor Michael Mroz’s customers were focused on saving money when renovating kitchens and baths, he said. Now, with a resurgence of home equity lending, they’re ready to pay for the best.
Sports agency IMG Worldwide Inc. will take over management of the U.S. PGA Tour’s Honda Classic as part of an acquisition of IGP Sports & Entertainment Group and will open a new golf office in North Palm Beach, Florida, the companies said.