El Paso, Texas, which is cutting police overtime and holding some jobs vacant, will have to spend an extra $17 million on bonds to finance a minor-league baseball stadium after an initial attempt to sell the debt failed.
General Growth Properties Inc. ’s board backed the latest financing proposal from a group led by Brookfield Asset Management Inc. in court, rejecting Simon Property Group Inc. ’s “best and final” offer. General Growth fell as much as 13 percent in New York trading.
General Growth Properties Inc.’s board supports the latest financing proposal from a group led by Brookfield Asset Management Inc., company President Thomas Nolan said in testimony read in bankruptcy court today.
Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by investors who previously alleged negligence against co-founders Walter Noel, Jeffrey Tucker and Andres Piedrahita.
Spirit Realty Capital Inc. rose the most since its initial public offering after agreeing to merge with Cole Credit Property Trust II Inc. in a deal that would increase its properties, which are leased to individual tenants.
Steve Jobs asked technology blog Gizmodo.com to return a secret iPhone prototype that Apple Inc. says was stolen after a company engineer lost it in a bar, according to court documents released yesterday.