Water rationing has begun on part of St. Vincent and may be extended to the entire island if a drought that’s restricting inflows from area rivers doesn’t let up, the state-owned Central Water and Sewerage Authority said.
Manhattan developer Bill Rudin hadn’t planned to start selling apartments at his Greenwich Village project until the end of this year. He began rethinking that strategy after getting cornered at a cocktail party.
Secured lenders to Thompson Publishing Holding Co. won’t be able to control the auction for the publisher of newsletters and loose-leaf services, as the result of rulings by U.S. Bankruptcy Judge Peter Walsh at a hearing this week.
Trade Secret Inc. , a 612-store beauty-supply retailer based in Markham, Canada, filed a Chapter 11 petition yesterday in Delaware along with a term sheet to sell the business to former owner Regis Corp. and an entity controlled by the family that bought the company from Regis in January 2009.
Creditors with $15.5 billion in claims against Lehman Brothers Holdings Inc. fired the opening salvo in a possibly protracted courtroom battle over how billions of dollars generated in the Lehman liquidation should be distributed to creditors.