Savoy in jeopardy if business does not improve

Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.


Kingfisher's UK head Martyn Phillips parts ways with company

Martyn Phillips had left his position as the head of Kingfisher's B&Q chain in the UK as part of moves to restructure the company.

Shunfeng Photovoltaic to raise USD 144 million in share sale- term sheet

Shunfeng Photovoltaic International planned to raise USD 144 million in a share sale, a regulatory filing revealed.

Greenland Holding co-develops New York project with Forest City Ratner

China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.


Latest News

New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.
Billionaire investor John Malone had said he would not consider Cablevision Systems Corp as a potential company that he would include in his planned merger of US cable companies.
Erin Brockovich said she wanted Essure, a birth control procedure by Bayer Corporation, taken off the market.
Bluefield Solar Income Fund Limited recently purchased a 6.87 megawatt peak plant for GBP9.35 million from Parabel AG.
Twitter Inc would reportedly pay 3.25% from its upcoming public listing as fee to its bankers, sources told Bloomberg.
Shares of Royal Mail Group Ltd experienced a 38% increase after its debut on the London Stock Exchange.
The government of President Barack Obama would allow states to reopen national parks using their own funds.
Eight nationally-run parks in Utah would reopen by Saturday using state funds. Despite the ongoing US government shutdown, five national parks in Utah will reopen on Saturday.
A team-up of The Canada Pension Plan Investment Board (CPPIB) and Dexus Property had placed a AUD2.7 billion buyout bid for Commonwealth Property Office Fund (CPA), the office trust of the Commonwealth Bank of Australia
According to a securities filing, BlackBerry Ltd co-founders Mike Lazaridis and Douglas Fregin were said to have an interest in putting up an alternative bid for the smartphone maker.