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  • Swedish woman's Wall Street dream led to $850M lawsuit Sunday, 28 Jun 2015 | 11:26 AM ET

    NEW YORK— She was a young woman from a tiny Swedish town who aspired to work on Wall Street. He was a married man from China who owned a Manhattan investment consulting firm. A jury is deciding the fate of a lawsuit in which 25- year-old Hanna Bouveng claims Benjamin Wey, chief executive officer of New York Global Group, degraded her sexually and then ruined her...

  • LONDON, June 28- A British exit from the European Union would set the country back half a century and be catastrophic for its trade and economic prospects, billionaire entrepreneur Richard Branson said on Sunday. Branson, whose Virgin Group empire ranges from airlines to banking and space travel, was speaking after Prime Minister David Cameron told EU leaders...

  • ATLANTIC CITY, N.J.— The owners of Atlantic City's former Trump Plaza casino plan to keep it shut for at least 10 years as a tax-saving measure. Trump Entertainment Resorts has filed a deed restriction for the casino, which closed last September, preventing it from being used again as a casino for at least a decade. Trump Entertainment filed the deed Friday with...

  • BOSTON, June 26- Hedge fund manager William Ackman, who has made a $1 billion bet against Herbalife Ltd, on Friday asked the company's chief executive officer to release a video and say why he told an audience years ago that participating in Herbalife was a "lottery ticket." A lawyer for Ackman sent the letter to Herbalife CEO Michael Johnson after the New York Post...

  • June 26- A headless body daubed with Arabic writing was found on Friday at a factory in southeast France owned by Air Products and Chemicals Inc, a U.S.-based industrial gas and chemicals company. *Founded in 1940, the Allentown, Pennsylvania- based company reported $991.7 million in net income on $10.4 billion in sales in its most recent fiscal year.

  • June 26- Digicel Group Ltd, the Caribbean telecommunications company that sponsors sprinters Usain Bolt and Shelly Ann Fraser-Pryce, filed for an initial public offering of Class A common stock. The company, founded by Irish billionaire Denis O'Brien, said J.P. Morgan, UBS Investment Bank and Citigroup were among the underwriters for the IPO.

  • SANTA CLARA, N.Y.— The co-founder of e-commerce giant Alibaba has paid $23 million for a 28,000- acre private estate in New York's Adirondack Mountains. A spokesman for Chinese billionaire Jack Ma tells The Wall Street Journal he bought the sprawling property in the Franklin County town of Santa Clara principally for conservation purposes but also plans to...

  • The fund-raising attracted backing from Richard Branson's Virgin Group and Europe's Airbus Group, which will also build 900 "micro-satellites" designed to extend the reach of the Internet to remote corners of the world. The company, based in Britain's Channel Islands, plans over 65 launches including 39 from Virgin's spaceflight company, Virgin Galactic, and...

  • MEXICO CITY, June 25- AT&T Inc plans to invest around $3 billion in its high-speed mobile Internet network in Mexico, the company said on Thursday. The company's move into Mexico came in the wake of a sweeping sector overhaul which forced billionaire Carlos Slim's America Movil to open up infrastructure and let rivals interconnect to his network for free.

  • CAPE CANAVERAL, Fla., June 25- Privately owned OneWeb, which plans to sell Internet services via satellite, signed contracts with launch service providers Virgin Galactic and Arianespace SA for 60 flights, OneWeb said on Thursday. OneWeb, based in Britain's Channel Islands, also said it has raised $500 million from a consortium of companies, including Europe's...

  • *Group of eight investors include Virgin, Airbus, Bharti. OneWeb, whose backers include Richard Branson's Virgin Group and Indian billionaire Sunil Mittal's Bharti Enterprises, said it would use the funds to acquire 65 commercial rockets to launch satellite-borne Internet services to extend the reach of mobile operators to customers in remote corners of...

  • Tinder, Match.com looking for love on Wall Street Thursday, 25 Jun 2015 | 9:26 AM ET

    NEW YORK— Match.com and Tinder are looking for a Wall Street hookup as their parent group prepares to establish them as a separate, publicly traded company. He laid the groundwork for the IPO two years ago when he formed the Match Group, which also includes OKCupid, Chemistry.com and other dating sites and apps. IAC said it expects the Match Group to issue less than...

  • Atlantic City rescue bills approved, sent to Christie Thursday, 25 Jun 2015 | 1:44 AM ET

    TRENTON, N.J.— New Jersey lawmakers passed a package of bills Thursday to help Atlantic City and its struggling casinos and schools, and sent it to Gov. The most important of the five bills approved by the state Senate would let Atlantic City's eight casinos make payments in lieu of taxes for 15 years, allowing the gambling halls to know exactly how much they owe...

  • LAUNCESTON, Australia, June 25- Is India's Adani Mining preparing to walk away from its A $10 billion coal project in Australia's Queensland state, or upping the ante in trying to speed up approvals for the huge project? Adani surprised industry observers by confirming on Wednesday it had halted engineering work on its Carmichael coal project in the frontier...

  • *Vivendi now owns 14.9 pct of Telecom Italia. PARIS, June 24- Vivendi said on Wednesday it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder and gaining a foothold in a country it said had significant growth prospects. With Telecom Italia seen by sector executives and bankers as a potential takeover target,...

  • Bouygues CEO Martin Bouygues, who founded Bouygues Telecom, said the unit could thrive on its own and that a sale would threaten jobs and face antitrust hurdles. The dismissal of the offer from fellow billionaire Drahi appeared to end hopes of reducing the number of mobile network operators in France from four to three, and of ending a three-year old price war...

  • Bouygues CEO Martin Bouygues, who founded Bouygues Telecom, said the unit could thrive on its own and that a sale would threaten jobs and face antitrust hurdles. Bouygues shares were down 8.06 percent by 1136 GMT, Altice shares were down 7.04 percent, Numericable-SFR shares fell 9.90 percent, Iliad shares lost 6.31 percent and Orange shares were down 3.01...

  • France releases South Korean ferry tycoon's daughter Tuesday, 23 Jun 2015 | 3:23 PM ET

    PARIS— A French appeals court has ordered the release of the daughter of a South Korean businessman believed to be linked to a deadly ferry disaster, pending a decision on whether to extradite her. Yoo Somena, the 48- year-old daughter of late billionaire Yoo Byung- eun, is suspected by South Korean authorities of embezzling $7.3 million in 2004-2013..

  • LONDON, June 23- RSE Ventures is teaming up with Qatar to buy a 35.5 percent stake in the holding company that owns Formula One in a $7 billion- $8 billion deal, a source familiar with the matter told Reuters. Goldman Sachs is working with CVC on the deal, while JP Morgan is working with the buyside investors. JP Morgan and Goldman Sachs had no immediate comment.

  • MIAMI, June 23- Richard Branson's Virgin Cruises will take delivery of three ships capable of carrying nearly 3,000 passengers each starting in early 2020, the British entrepreneur told reporters during a news conference on Tuesday. Virgin Group announced the Bain Capital- backed project last December. "We go against the grain," said Virgin Cruises Chief...