SANTA MONICA, Calif. — Mall operator Macerich has rejected a $16 billion hostile bid from competitor Simon Property Group and adopted a “poison pill” defense to defend against a takeover. Simon Property Group Inc., already the nation’s largest mall operator, ...Read More »
CHARLESTON, S.C. — Eight decades after Charleston passed the nation’s first historic preservation ordinance to protect its picturesque city of old pastel buildings and quiet gardens, there’s concern that the design of new buildings is not as good as that ...Read More »
CHARLESTON, S.C. – The sentencing for a Florida developer who pleaded guilty to conspiring to sell property to South Carolina State University officials for kickbacks has been postponed. Richard Zahn, who pleaded guilty in February 2013, was to have been ...Read More »
RICHMOND, Va. — Retailer Lumber Liquidators said Thursday that it stands by its products and will pay for the safety testing of laminate floors for customers to help ease concerns. The Toano, Virginia, company addressed concerns raised following a “60 ...
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NEW YORK — U.S. stocks fell sharply as fears of over possible interest rates hikes by the Federal Reserve roiled financial markets around the globe. In Europe, renewed concerns over Greece also spooked investors. The euro sank to a 12-year ...
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WASHINGTON — Most business economists expect the Federal Reserve to raise interest rates in the second half of this year, but say uncertainty over the Fed’s plans is no longer slowing U.S. economic recovery, according to a new survey. Seventy-one ...Read More »
INDIANAPOLIS — Simon Property Group has launched a hostile bid worth about $16 billion for Macerich Co. after saying the rival mall operator refused to discuss a combination. A deal would combine two of the largest mall operators in the ...Read More »
NEW YORK — The three largest credit-reporting agencies say they will change how they handle records, including making the dispute process easier for consumers and providing a waiting period before medical debts are reported. Consumer advocates have long sought a ...
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WASHINGTON — The Supreme Court has sided with the Obama administration in upholding a rule making mortgage brokers eligible for overtime pay under federal labor law. The justices unanimously agreed Monday to throw out a lower court ruling that faulted ...
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WASHINGTON – Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The transcripts released Wednesday revealed ...
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