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  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • WILMINGTON, Delaware, July 1- The bankrupt $3.5 billion Baha Mar mega resort in the Bahamas secured up to $30 billion in interim financing on Wednesday, but it was unclear when construction on the stalled project would resume. Baha Mar's developer, Sarkis Izmirlian, the son of Armenian billionaire Dikran Izmirlian, has agreed to arrange the funding.

  • ABUJA, July 1- Nigeria should merge its debt-laden airlines and create a national carrier in partnership with a global airline to boost revenue and create jobs, a ruling party strategy report seen by Reuters on Wednesday shows. Muhammadu Buhari, who was sworn in as president of Africa's top oil producer and biggest economy on May 29, is considering...

  • The Seoul Central District Court said the proposed takeover of Samsung C&T by Cheil Industries is legal and fair, clearing ways for Samsung to put the merger to a shareholder vote on July 17. Samsung said in May Cheil will take over Samsung C&T because construction and trading businesses needed new revenue sources, while Cheil, which operates businesses in...

  • MEXICO CITY, June 30- Mexico's telecoms regulator said on Tuesday that it will open access to the "last mile" of Telmex telephone network to rivals, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter measures...

  • NEW YORK— Fallout from Donald Trump's remarks about immigrants from Mexico continued Tuesday as a TV company backed by Mexican billionaire Carlos Slim said it was scrapping a project in development with the outspoken mogul, and Mexico announced it won't be sending a contestant to the Miss Universe contest, which Trump partly owns. NBC followed suit on Monday...

  • China's big ambitions stumble at Bahamas resort Tuesday, 30 Jun 2015 | 3:02 PM ET

    Nassau, Bahamas/ Beijing June 30- China's push to extend its influence in the Western Hemisphere has hit an embarrassing setback at an unfinished, $3.5 billion resort and casino project in the Bahamas. And on Monday, Baha Mar Ltd, developer of the 2,323 room resort located along Cable Beach near downtown Nassau, filed for voluntary bankruptcy protection in a...

  • MEXICO CITY, June 30- Mexico's telecoms regulator will open access to the "last mile" of Telmex telephone networks to competitors, two sources said on Tuesday, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter...

  • Carlos Slim's Ora TV latest company to dump Trump Tuesday, 30 Jun 2015 | 1:49 PM ET

    NEW YORK— A TV company backed by Mexican billionaire Carlos Slim says it will scrap a project it was developing with real estate mogul Donald Trump because of comments he made about Mexican immigrants. NBC, Spanish-language network Univision and Mexican media giant Televisa have also said they would no longer be doing business with Trump.

  • Federal Export-Import Bank set for midnight expiration Tuesday, 30 Jun 2015 | 1:41 PM ET

    WASHINGTON— Conservatives cheered the demise of the federal Export-Import Bank Tuesday and vowed to beat back efforts to revive it, even as business leaders and the White House issued dire warnings that letting the agency expire at midnight would hurt U.S. competitiveness globally. "Congress is taking a step backward," President Barack Obama argued in an...

  • —after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments— that some Mexican immigrants bring drugs and crime to the country and are rapists— offended many, were denounced by Mexican-American groups...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • Hanna Bouveng, 25, accused Benjamin Wey in an $850 million lawsuit of using his power as owner of New York Global Group to coerce her into four sexual encounters before firing her after discovering she had a boyfriend. Bouveng, who was raised in Vetlanda, Sweden, testified that soon after Wey hired her at New York Global Group, the CEO began a relentless quest to have...

  • Political opposition groups gain money for 2016 race Monday, 29 Jun 2015 | 3:08 AM ET

    WASHINGTON— It was the perfect loop: The Republican opposition research group America Rising finds footage of Democratic Senate candidate Bruce Braley in agriculture-loving Iowa, seeming to put down the intelligence of farmers. So does America Rising, which used that episode in Iowa last year to show prospective clients and donors what it can do.

  • 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.