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  • HELENA, Mont.— An appeals court on Monday denied a petition by the founder of a Montana resort for the ultra-rich to be released from jail while the court reviews a judge's decision to hold him in contempt for failing to explain how he spent $13.8 million. Two judges on the 9th U.S. Circuit Court of Appeals denied former billionaire Tim Blixseth's request for...

  • Peltz gets key backer in fight for influence at DuPont Monday, 27 Apr 2015 | 12:37 PM ET

    Peltz's Trian Fund Management is pushing the chemicals maker to split into two companies and it has nominated four directors for company the board. ISS on Monday said that shareholders should support Peltz and one of his nominees, John Myers, the former CEO of General Electric Co.' s asset management business. Trian Fund Management owns a 2.7 percent stake in the...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • NEW YORK— U.S. stocks slumped on Monday as investors looked ahead to a flood of earnings reports this week. Stocks appeared headed for new highs in the morning, but drifted lower in afternoon as health care companies dropped sharply. With little news moving markets, "I think we have some profit-taking here," said chief stock strategist Phil Orlando, of Federated...

  • WASHINGTON— The acting chief executive of the Clinton Foundation says the global philanthropy is working quickly to remedy mistakes it made in how it disclosed donors, saying that its policies on transparency and contributions from foreign governments are "stronger than ever." Pally said the Clinton Foundation expected to refile some of its tax forms,...

  • WASHINGTON— The acting chief executive of the Clinton Foundation is acknowledging the global philanthropy made mistakes in how it disclosed its donors amid growing scrutiny as Hillary Rodham Clinton opens her presidential campaign as the presume Democratic frontrunner. Pally also described the foundation's work with the Clinton Giustra Enterprise...

  • LONDON, April 26- Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of...

  • TOPEKA, Kan.— All three investor groups interested in developing a southeast Kansas casino have met the minimum financial and management requirements to move on in the selection process. Under a Kansas law adopted in 2007, four gaming zones were created for casinos, with only one casino allowed in each region. The three proposals for a casino in southeast Kansas...

  • District Judge Sam Haddon for not turning over details of a $13.8 million property sale in Mexico. The Yellowstone Club went bankrupt in 2008— right after Blixseth gave up control of the private ski and golf resort near Big Sky that boasts a $300,000 entry fee. Those judgments, which Blixseth has so far avoided paying, include the proceeds from the Mexico property,...

  • That measure was prompted by the ongoing war against Russian-backed separatists in the east, where Ukraine's most productive coal mines are located. The concern among supporters of Ukraine's coal industry is that cheaper foreign fuel could undermine the viability of domestic production. Akhmetov's DTEK holding company controls the bulk of Ukraine's...

  • Google lavishes chairman with $109 million pay package Thursday, 23 Apr 2015 | 7:56 PM ET

    SAN FRANCISCO— Google paid its billionaire Executive Chairman Eric Schmidt nearly $109 million last year while the company's stock slumped. It was the largest stock package that Schmidt has received since 2011 when Google Inc. awarded him a bundle valued at $94 million at the time he relinquished the CEO's job to company co-founder Larry Page.

  • MOSCOW, April 23- Russian railcar manufacturer United Wagon Company has set a price range of 650- 750 roubles per share and increased its offering in Russia's first initial public offering in more than a year. United Wagon Company may get a market valuation of between 65 billion and 75 billion roubles, a source close to the placement told Reuters.

  • *New Potash Corp nominees suggest a deal has been struck. SANTIAGO, April 22- Chile's SQM, the world's biggest producer of key battery ingredient lithium, will get a new board on Friday minus the man who has led it for nearly three decades, as the scandal-plagued company moves to reassure investors about its corporate governance. The scandal has convulsed the...

  • DALLAS— The CEO of American Airlines received compensation valued at $12.3 million last year and will stop drawing a salary and instead be paid entirely in company stock. American Airlines Group Inc. disclosed his compensation and the other changes in filings with the Securities and Exchange Commission. He drew a $687,884 salary, got maximum incentive...

  • District Judge Thomas Griesa in Manhattan said the funds can seek documents from Argentina and banks including Deutsche Bank AG related to Tuesday's $1.4 billion bond sale to determine if any assets exist in the United States that could satisfy billions of dollars in unpaid judgments. The ruling applies to Argentina and banks subscribed to the offering,...

  • NEW YORK— Lawyers for U.S. bondholders who are owed money by Argentina can seek information from banks and the republic about a new bond offering it has arranged, a judge said Wednesday. The judge said he would prefer that Argentina negotiate through a court-appointed special master with the U.S. bondholders to settle their claims but he understands the only...

  • *Canada's Potash Corp yet to make decision on nominees. By Rosalba O'Brien and Felipe Iturrieta. SANTIAGO, April 22- The future of Chile's SQM, the world's biggest producer of key battery ingredient lithium, hangs in the balance this week as the chairman faces demands to resign and a new board is elected.

  • MIAMI— A legal and political scuffle has broken out in Miami over a developer's plans to build a 1,000- foot tourist tower complete with thrill rides, observation decks, restaurants and clubs. Miami voters approved the $430 million project last August with one key promise: No public money would be spent. That has led to a lawsuit against the city and county filed by...

  • Taj Mahal wants judge to penalize union over letters Tuesday, 21 Apr 2015 | 11:58 AM ET

    A bankruptcy judge in Delaware will consider a request Wednesday by Trump Entertainment Resorts to force Local 54 of the Unite-HERE union to acknowledge that letters it sent to Taj Mahal customers urging them to take their business elsewhere were misleading. The campaign began shortly before the judge granted Trump Entertainment's request in October to...

  • BENGALURU, April 21- Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot. Rishad Premji, eldest son and a Harvard Business School graduate, was already Wipro's chief strategy officer.