London Mayor Boris Johnson blocked the development of 25 luxury apartments in the city’s Mayfair district because the homes would be too big, signaling a luxury development boom in the city center may face new limits.
Billionaire property investors David and Simon Reuben can develop what’s likely to become the U.K.’s most expensive home after winning approval for a plan to convert a former members-only club near London’s Ritz Hotel.
Mazda Motor Corp. says it’s making “real-world” fuel-efficiency a core attribute of a brand that mainly touts sporty handling as the Japanese carmaker seeks to lift U.S. volume 74 percent by mid-decade from last year.
A Maryland public pension fund was named lead plaintiff in a consolidated shareholder lawsuit against Toyota Motor Corp. accusing the carmaker of failing to disclose defects related to sudden-acceleration of its vehicles.
Michigan officials said they will appeal a court ruling requiring a judge’s pre-approval for implementation of any agreement between Detroit and a state financial review team to address the city’s financial crisis.