Clarion Partners LLC, a real estate owner overseeing almost $30 billion, made millions buying Manhattan office buildings and towers in Seattle and Houston after the U.S. property crash began six years ago. It’s now moving to the outskirts of big cities.
A News Corp. unit that used lessons gleaned from gangster films to motivate employees and crush rivals is the latest arm of Rupert Murdoch’s media empire to be swept up in a probe that began with hacking and bribery allegations.
More than a dozen Chinese developers gathered for breakfast at a Los Angeles hotel one Sunday earlier this month before taking off for meetings with property brokers, attorneys and potential business partners.
New York City’s $140 billion retirement system pays Wall Street money managers about $360 million a year, the only one of the 11 biggest U.S. public- worker pensions that refuses to manage any assets internally. Larry Schloss, the city’s chief investment officer, says the practice must end.
A former executive at expert- networking firm Primary Global Research LLC, James Fleishman, was found guilty of helping pass confidential information to fund managers as part of an insider-trading scheme.
News Corp.’s response to allegations of hacking from its U.S. marketing arm was “rudimentary and deficient,” according to an expert hired by a New Jersey company that said its password-protected website was accessed illegally.
Prosecutors investigating hacking and bribery allegations at Rupert Murdoch’s News Corp. are seeking to interview a former employee of a U.S. unit who claims knowledge of illegal activity at the company, according to a person familiar with the matter.
A New York Post article saying J.C. Penney Co. is ending a home-goods deal with Martha Stewart’s company while facing a Macy’s Inc. lawsuit is the subject of a court hearing set for Sept. 25, a person familiar with the matter said.
News Corp.’s New York Post was sued by a high school student and a 24-year-old man who claim a front-page photograph of them at the Boston Marathon finish line before it was bombed falsely implied they were suspects.