The Travelers Cos. is reportedly in discussions to sell its iconic Saint Paul, Minnesota, tower, while Children's Aid is said to have leased 26,000 square feet in Harlem and Temasek is reportedly teaming up with the Singapore Tourism Board on a project to turn a part of northern Singapore into a natural heritage area.
A California federal judge on Thursday certified a class of Bridgepoint Education Inc. shareholders who claim the company misled them about the chances that its largest university would remain accredited, saying investors likely relied on the alleged misrepresentations during trading.
RadioShack Corp. on Thursday hit a deadline to come up with $100 million to keep in compliance with its reworked credit facility, amid new reports that the troubled electronics retailer may file for bankruptcy protection as soon as early February.
A dark chapter in a stockbroker's life could end up haunting his firm now that the Financial Industry Regulatory Authority has announced plans to probe compliance with rules on reporting things like convictions and liens that are disclosed in a public database about the industry's roughly 640,000 registered representatives.
Former presidential candidate Ralph Nader led the charge against Credit Suisse AG brass over whether the banking giant should be allowed to continue to manage roughly $2 billion in pension funds after pleading guilty to federal tax evasion earlier this year.
A New York appeals court on Thursday affirmed a lower court's ruling that a group of insurers can't invoke a fraud exclusion to avoid responsibility for $200 million that JPMorgan Securities Inc. paid regulators over market-timing trades, but the panel said the insurers can argue that public policy disfavors covering intentionally harmful conduct.
JPMorgan Chase is said to have launched a $7.15 billion offering of senior notes, the largest since Bank of America's offering in March 2014, while Malaysia's second-richest man is mulling becoming a cornerstone investor in the planned $3 billion initial public offering of 1MDB's power assets.
Freeport McMoRan Copper & Gold Inc.'s board has reached a $137.5 million settlement in a derivative suit over $20 billion worth of energy company acquisitions that shareholders such as the Boston retirement system said were rife with conflicts of interest.
Ex-California Public Employees Retirement System board member and former Los Angeles Deputy Mayor Alfred Villalobos, who was accused in a notorious $3 billion pay-to-play investment scheme, died of an apparent suicide roughly five weeks before he was due to stand trial, authorities confirmed Thursday to Law360.
Blackstone Real Estate Advisors LP has purchased a 22-floor Midtown Manhattan office tower that includes ground-floor retail for $165.7 million from L.H. Charney Associates Inc., according to a New York deed recorded on Wednesday.
A Delaware bankruptcy judge on Thursday halted the voluntary bankruptcy filed by Caesars Entertainment Corp.’s main operating unit hours earlier in Illinois at the request of junior creditors who lodged an involuntary petition in his court, but let most of the casino operator’s first-day motions proceed.
Small commercial loan-focused real estate investment trust Sutherland Asset Management Corp. postponed its anticipated $125 million initial public offering on Thursday, citing poor market conditions, according to IPO exchange-traded fund manager Renaissance Capital.
The U.S. Securities and Exchange Commission on Thursday hit dark pool operator UBS Securities LLC with a $14.4 million sanction to settle allegations around the marketing of an order type geared toward high-frequency traders and others that allegedly gave them an unfair advantage in violation of market rules.
CME Group Inc. on Thursday again boosted its bid for interdealer broker GFI Group Inc., this time to $714 million to match a sweetened offer unveiled a day earlier by hostile suitor BGC Partners Inc.
Caesars Entertainment Corp. on Thursday placed a troubled operating unit into bankruptcy in Illinois with plans to extinguish $10 billion in debt and take on creditors furious with financial maneuvers engineered to save a boom-era buyout.
The heir of an early investor in Franklin Resources Inc. launched a $156 million fraud suit against the company and its former head, billionaire Charles B. Johnson, alleging in California federal court Wednesday that Johnson and others hid decades-old shares owed to the heir.
DLA Piper represented real estate investment trust W.P. Carey Inc. in its €500 million ($589 million) debt deal to fund new property purchases, the company announced Wednesday, a matter Sidley Austin LLP also worked on as counsel to the underwriters.
In bringing its first-ever enforcement action over stock exchange order types on Monday, the U.S. Securities and Exchange Commission showed that even those strategies designed to give high-frequency traders an advantage can be fair so long as they are fully disclosed to regulators and the marketplace.
Chinese developer Dalian Wanda Commercial Properties Co. has entered agreements with several investors to funnel 24 billion renminbi ($3.8 billion) into building a portfolio of 20 mall-centered complexes, according to a Wednesday stock exchange filing.
Computerized trading firm DRW Trading Group said Wednesday it is acquiring rival Chopper Trading LLC, bringing together two Chicago-based computerized futures trading firms as regulators are taking a closer look at the industry.