Gramercy Tavern

Gramercy seeks over $1.3 billion from Peru

Gramercy said that it will pursue more than 1.3 billion US dollar from the government of Peru over a land bond clash. The dispute relates to bonds issued as per the military dictatorship in the 1960s and 1970s as reimbursement to farmers who lost their lands under the agrarian reform.

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Burger chain Shake Shack files for IPO

Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors.

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