Atlantic City casino workers demonstrated outside the New York City offices of billionaire investor Carl Icahn on Thursday to protest the elimination of benefits at a casino he is poised to acquire. He is taking over the bankrupt Trump Entertainment Resorts, which owns the Trump Taj Mahal casino. "I feel like we made our point," said Valerie McMorris, a cocktail...» Read More
MIAMI, Sept 1- When Charlie Crist last governed Florida, his green energy and climate policies made him few friends among the state's powerful electricity corporations.
MUMBAI, Aug 30- India's federal police have filed charges against a former minister, his media mogul brother, and a Malaysian tycoon over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago.
India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.
NEW DELHI, Aug 29- India's Reliance Industries Ltd plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery at its Jamnagar complex, documents seen by Reuters show. The refinery would process cheap, heavy crudes that are increasingly available to Asia as the shale boom has cut U.S. demand for the grades.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
Greek businessman and ship owner Victor Restis last year sued UANI for defamation after the New York- based group, whose advisors include former intelligence officials from the United States, Europe and Israel, accused him of violating sanctions on Iran by exporting oil from the country.
RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.
TORONTO, Aug 26- Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C $12.64 billion in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.
*Jindal Steel, Hindalco shares plunge after court decision. NEW DELHI, Aug 25- India's top court on Monday declared as illegal government allocations of coal blocks since 1993, jeopardising projects built around the blocks and threatening to exacerbate a shortage of the fuel.
But Bridget Fitzpatrick, a lawyer for the SEC, said the proposed award was appropriate given "egregious" violations that allowed the Wylys to accumulate "staggering wealth." The companies were Sterling Software Inc, Michaels Stores Inc, Sterling Commerce Inc and Scottish Annuity& Life Holdings Ltd, now Scottish Re Group Ltd..
The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.
*Berlin fears response from Putin if eastern rebels crushed. BERLIN/ KIEV, Aug 21- After months of ratcheting up pressure on Vladimir Putin, concern is mounting in Berlin and other European capitals that an emboldened Ukraine's military successes in the east are reducing the chances of a face-saving way out of the crisis for the Russian leader.
Aug 21- Sears Holdings Corp, owner of Sears department stores and Kmart discount chain, reported its ninth straight quarterly loss as sales continued their decade-long fall. Loss attributable to shareholders widened to $573 million, or $5.39 per share, in the second quarter ended Aug. 2 from $194 million, or $1.83 per share, a year earlier.
Aug 21- Dollar General Corp questioned whether Family Dollar Stores Inc Chief Executive Howard Levine was being driven by self-interest in his support of a proposed takeover of his company by Dollar Tree Inc..
Last year Hertz adopted a so-called poison pill to prevent any one shareholder from gaining control of the company as activist investors began circling.
BOSTON, Aug 20- Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5 percent stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.
Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.
NEW YORK/ BOSTON, Aug 20- A few months ago, an innovative partnership between Valeant Pharmaceuticals and billionaire investor William Ackman to buy Botox maker Allergan Inc looked like a blueprint for success.
Aug 19- Kroger Co, the largest U.S. supermarket operator, is the latest high-profile company caught in the battle over gun rights and gun control in the United States.
Icahn has pushed Family Dollar to sell itself to Dollar General and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.