Richard Green News
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As American billionaire Phillip Frost prepared to take over as chairman of Teva Pharmaceutical Industries Ltd. in March 2010, some investors fretted about what would become of Israel’s crown jewel.
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Newspaper owners, struggling with plunging demand and advertising spending at a six-decade low, are squeezing money out of the assets they do have with rising value: buildings and land.
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Padraig Harrington won his first golf title in two years, finishing three shots clear of Noh Seung-yul at the Johor Open in Malaysia. Richard Green took the Portugal Masters title.
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England’s Simon Dyson scored a final-round 67, 4-under par, to win golf’s Irish Open by a shot today.
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International Property Developers announced plans to build a $3.5 billion office, residential, hotel and retail project in downtown Chicago, including a 120- story tower that would be the tallest in the U.S.
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For J.H. Snyder Co. to start building a $197 million Los Angeles apartment complex in June, the developer cobbled together funds from two city agencies, a mezzanine lender and a pension fund to help fill a 63 percent funding gap left by JPMorgan Chase & Co.’s construction loan.
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The U.K. is ready to step up payments for factories, offices and supermarkets that switch off electricity as rising demand drives up prices and the nation turns to cleaner but less-reliable power.
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An Andy Warhol “Dollar Sign” is among artworks worth as much as $3 million being sold by Ireland’s National Asset Management Agency (NAMA) to recoup some of the debts of real-estate investor Derek Quinlan.
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Redwood Trust Inc., the only issuer of new home-loan securities without government backing since the market froze, plans to sell bonds tied to $375 million of so- called jumbo mortgages, in the second deal this year.
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Delta Air Lines Inc.’s $1.2 billion overhaul at New York’s Kennedy airport is taking shape as the carrier bolsters its international hub in the busiest and most competitive U.S. aviation market.
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