MIAMI-- A $100 million lawsuit has been filed against a Florida billionaire over a 2012 helicopter crash in the Bahamas that killed a prominent tax attorney. The widow of attorney Lance Valdez filed the wrongful death suit Monday in Miami federal court against real estate magnate Jeffrey Soffer.» Read More
*JPMorgan liable for breach of contract, not negligence.
RIYADH, Aug 26- A scuffle broke the reflective atmosphere of Friday prayers in Riyadh's al-Ferdous mosque after the imam deplored the recent bloody crackdown on Muslim Brotherhood protesters by the military in nearby Egypt. "For Riyadh to be in the frontline of a confrontation like what is taking place in Egypt is unprecedented.
*Telefonica raises bid for KPN's E-Plus to 8.55 bln euros. AMSTERDAM/ MADRID, Aug 26- Telefonica has raised its bid for KPN's German arm by 6 percent to 8.55 billion euros, winning over top KPN investor America Movil and setting the stage for consolidation in Europe's largest mobile market.
The offer of $17.50 from the Pritzker Organization represents a premium of about 12 percent to TMS's Friday close of $15.57. The Pritzker Organization is a merchant bank run by certain members of Chicago's Pritzker family, which controls Hyatt Hotels, Triton Container and the Marmon Group.
*America Movil supports new Telefonica offer. AMSTERDAM/ MADRID, Aug 26- Spain's telecom giant Telefonica improved its offer for KPN's German unit E-Plus, winning support from the Dutch telecom group's biggest shareholder, America Movil.
America Movil supports new Telefonica offer. AMSTERDAM, Aug 26- Spain's telecom giant Telefonica agreed to improved terms for KPN's German unit E-Plus in a deal that won support from the Dutch telecom group's biggest shareholder, América Móvil.
*Senate to decide whether to eject Berlusconi next month. ROME, Aug 25- Members of Silvio Berlusconi's center-right party on Sunday openly warned they would bring down the government if their center-left coalition allies voted next month to expel the former prime minister from parliament.
NEW YORK, Aug 23- Argentina on Friday lost its appeal of a U.S. judge's order requiring that it pay $1.33 billion to bondholders that did not participate in two restructurings following the country's historic $100 billion default more than a decade ago.
HONG KONG, Aug 23- Pansy Ho, Hong Kong's richest woman and the daughter of Macau gambling godfather Stanley Ho, is lining up her chips for a new era in the world's casino capital that promises much more than gambling.
BEIJING/ SHANGHAI, Aug 23- Popular electric carmaker Tesla Motors Inc's plans to enter the world's biggest auto market have stalled after a businessman in China claimed trademark rights to the name, people close to the California- based company have told Reuters.
SAN FRANCISCO, Aug 22- Carl Icahn has spoken again with Apple Inc's Tim Cook and plans a longer discussion with the chief executive over dinner next month about the size of the iPhone maker's buyback program, the activist investor tweeted on Thursday.
SAN FRANCISCO, Aug 22- Carl Icahn has spoken again with Apple Inc's Tim Cook and plans a longer discussion with the chief executive next month about the size of the iPhone maker's buyback program, the activist investor tweeted on Thursday.
DETROIT, Aug 22- Tesla Motors Inc, the electric car maker led by billionaire Elon Musk, has filed an application to trademark the "Model E" name to potentially use on future automobiles, clothing and repair service.
MOSCOW, Aug 22- Russia's No. 1 gold miner Polyus Gold, part-owned by billionaire Suleiman Kerimov, said it would write down the value of its assets by up to $480 million because of a steep fall in the price of gold.
BOSTON, Aug 20- A man who hacked into Mark Zuckerberg's Facebook page to expose a software bug is getting donations from hackers around the world after the company declined to pay him under a program that normally rewards people who report flaws.
Aug 20- J.C. Penney Co Inc said on Tuesday quarterly sales tumbled again last quarter, even as reinstated CEO Myron Ullman worked to roll back his predecessor's failed merchandising strategies, but there were signs that customers were returning for the back-to-school season.
DETROIT, Aug 20- Tesla Motors Inc's Model S sedan has won a five-star safety rating in every testing category across the board, a distinction awarded to just 1 percent of all vehicles tested by U.S. safety regulators, the electric car company said.
Aug 20- J.C. Penney Co Inc's sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section, but there were signs the retailer was winning back customers this back-to-school season.
NEW YORK, Aug 19- Carl Icahn on Monday asked a federal judge to dismiss a lawsuit brought by a short seller who accused the activist investor of perpetuating an alleged pyramid scheme at nutritional products company Herbalife Ltd..
NEW YORK, Aug 19- Carl Icahn on Monday asked a federal judge to dismiss a lawsuit brought by a short seller who accused the activist investor of helping perpetuate an alleged pyramid scheme at nutritional products company Herbalife Ltd.