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  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • Mystery money pays for pro-Republican television ads Saturday, 15 Aug 2015 | 3:15 AM ET

    WASHINGTON— Opportunity News Media wants you to know it's OK to be a Republican, and it is spending $3 million to say so in the presidential battleground states of Ohio and Colorado. Add in campaign finance regulations that are still evolving in the wake of the landmark Supreme Court decision known as Citizens United, and it's easier than ever for all kinds of...

  • Aug 14- Any day now, David Murdock, the 92- year-old owner of Dole Food Co, will find out whether his decision to go to trial to defend the terms of his 2013 buyout of the company was heroic or foolish. It was certainly unusual, and could lead to one of the biggest judgments ever in Delaware's Court of Chancery, a leading venue for corporate disputes.

  • NEW YORK, August 13- For Julian Robertson, the 83- year-old billionaire former hedge fund manager, history is repeating itself. Robertson's personal fortune has more than doubled to $3.4 billion since 2000, and his Tiger Management is as strong as ever: the hedge funds he has ownership stakes in now manage more than $30 billion, up from about $20 billion in early...

  • Wilmington Trust's former president, Robert Harra, 66, and former chief financial officer, David Gibson, 58, were indicted on charges including securities fraud, conspiracy, making false statements to the Federal Reserve and Securities and Exchange Commission, and making false entries in banking records. All four defendants also face SEC civil charges.

  • WASHINGTON, Aug 1- Vice President Joe Biden, inspired in part by his late son, has been holding meetings at his Washington home to discuss challenging Hillary Clinton for the Democratic presidential nomination, the New York Times reported on Saturday. Times columnist Maureen Dowd also said Biden, 72, has been "having meetings at his Washington residence to...

  • Joe Biden: Well, maybe I will after all... Saturday, 1 Aug 2015 | 2:52 PM ET
    Vice President Joe Biden (D-DE) (R) with his son Beau Biden in 2008.

    Vice President Joe Biden has begun to actively explore a presidential campaign, say several people who have spoken to Mr. Biden or his advisers.

  • WASHINGTON, Aug 1- Vice President Joe Biden, inspired in part by his late son, has been holding meetings at his Washington home to discuss challenging Hillary Clinton for the Democratic presidential nomination, The New York Times reported on Saturday. The 72- year-old vice president has been having meetings at his Washington residence to explore the idea of...

  • July 30- U.S. film studio Relativity Media LLC, which counts the award-winning "The Fighter" among its films, filed for Chapter 11 bankruptcy protection on Thursday and said it would pursue a sale of the company to a group of its lenders. The company said it plans to release the films "Masterminds" and "Kidnap" and its television unit's "Limitless" will debut on CBS later...

  • NEW YORK, July 28- Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. In his first public appearance since his transition, the outspoken former regulator...

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind began installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but still struggling with opposition in the United States. "Our belief is once Block Island is up and running, it will...

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but that is still struggling with opposition in the United States. "Our belief is once Block Island is up and...

  • July 23- The developer of the $3.5 billion Baha Mar mega-resort is willing to commit up to $200 million to jumpstart the stalled Bahamas project, lawyers told a U.S. bankruptcy judge on Thursday. The developer of the project is Sarkis Izmirlian, whose Baha Mar Ltd filed for bankruptcy protection in Delaware last month. During the bankruptcy court hearing on...

  • July 23- Boston Scientific Corp cut its full-year profit forecast for the second time in the face of rising litigation costs linked to problems with its implantable device used to treat feminine stress urinary incontinence. A Delaware jury last month ordered Boston Scientific to pay $100 million to a woman injured by the mesh, the largest-ever verdict...

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • July 22- A judge in the Bahamas has declined to recognize the U.S. bankruptcy filing by Baha Mar Ltd, the developer of a $3.5 billion mega resort, a source familiar with the ruling said on Wednesday. Recognition of the Chapter 11 U.S. bankruptcy filing would have prevented creditors from taking action against Baha Mar Ltd in the Bahamas. Baha Mar Ltd is trying to...

  • WILMINGTON, Del., July 20- The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital to the former British colony's fragile economy. A completed resort would employ more than 5,000 people in the Bahamas, where the unemployment...

  • July 20- The Chinese construction company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the unfinished project. Bankruptcy Judge Kevin Carey during a hearing in Wilmington, Delaware. Baha Mar Ltd, led by developer Sarkis Izmirlian, filed for bankruptcy protection in the Delaware court...

  • July 17- Bahamas Prime Minister Perry Christie plans to take control of an unfinished $3.5 billion mega resort, currently tied up in a corporate bankruptcy process, and push it through to completion to help bolster his country's fragile economy. Talks this week in Beijing between the project's main lender, China's export import bank, and the developer, Sarkis...

  • July 17- Bahamas Prime Minister Perry Christie is moving to take control of an unfinished $3.5 billion mega resort that is weighing down his country's fragile economy. Talks this week in Beijing between the project's main lender, China's export import bank, and the developer, Sarkis Izmirlian, ended without resolving how to complete the resort, Christie said.