Sugar Land, Texas, plans to pump $50 million into new parks around the city of 85,000, just the kind of project President Barack Obama wants to revitalize the U.S. economy by spurring investment in aging infrastructure.
It’s a 106-degree Fahrenheit day in the Mojave Desert. Heat devils dance off chocolate-hued Clark Mountain on the horizon. Air-conditioned cars zip along Interstate 15 toward Las Vegas. And inside a chain-link pen covered to keep out predators are scores of rare, threatened, sand-colored desert tortoises.
Tom DeLay, the former Republican congressman from Texas and one of the most powerful leaders of the U.S. House in modern times, won a reversal of his conviction for money laundering from a state appeals court in Austin.
Billionaire investor Carl Icahn said more than half of CVR Energy Inc.’s shares were tendered in response to his unsolicited $2.6 billion offer, setting up a proxy fight at the refining company’s next annual meeting.