Miami failed to convince US District Judge Cecilia Altonaga that the lawsuit filed against the city by the US Securities and Exchange Commission should be dismissed, Reuters reported.
Regions
SAC portfolio managers to join rival hedge fund Balyasny in London
SAC Capital Advisors UK's Massimo Amati, Stanislas de Caumont and Robert Harris have agreed to join rival hedge fund Balyasny Asset Management. Other portfolio managers and analysts are departing SAC after the firm decided to shut down its London office.
Africa's richest man to invest $9 billion on Nigerian oil refinery
Aliko Dangote, Africa's richest man with about $22 billion net worth, is set to spend $9 billion to build the largest privately-owned oil refinery in Nigeria.
New Zealand's Old Ghost Road cycle trail receives $800k funding for completion
The Old Ghost Road cycle trail, which is developed by Mokihinui-Lyell Backcountry Trust, received $800,000 from the Department of Conservation of New Zealand to complete the project.
Cominar REIT buys Beloeil's Montenach Mall for $60 M
Cominar Real Estate Investment Trust, Quebec's biggest commercial property owner and manager, has bought Montenach Mall in the Beloeil suburb for $60 million. The said mall has an area of 328,050 sq. ft. and is 93.2% rented.
Latest News
British retailer Tesco's $110 million investment in Tata-owned Trent Hypermarket has received approval from India's Department of Industry Policy and Promotion (DIPP). This will pave the way for Tesco to get a clearance from the country's Foreign Investment Promotion Board (FIPB).
Dallas-based Behringer Harvard Multifamily REIT I Inc expanded its co-investment arrangement with PGGM Private Real Estate Fund by agreeing to a new $300 million deal to co-invest in multifamily communities.
NASDAQ OMX Group on Friday said that it would pay $41.6 million on December 31 for qualifying claims related to Facebook's botched initial public offering.
The Wendy's Company said it had sold 30 restaurants in Austin to HAZA Foods and another 19 restaurants to Desmond Foods as part of its System Optimization initiative.
Tim Draper, the billionaire whose venture capital firm has invested in Skype and Baidu, has proposed to divide California into six mini-states, the Financial Times reported.
US retailer Target said that the data breach involving some 40 million of its credit and debit cards included encrypted personal identification numbers, the Financial Times reported.
Hyundai Motor Co. on Friday named sales chief David Zuchowski as the new chief of its US arm. Zuchowski will replace incumbent US chief John Krafcik, whose contract expires at the end of the year.
Apple Inc. has filed a proxy statement with the US Securities and Exchange Commission on Friday. Apple investors are set to vote on activist investor Carl Icahn's $50 billion stock repurchase proposal on February 28.
China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.
