BY ROBBIE WHELAN AND ELIOT BROWN Lehman Brothers Holdings Inc. has struck a deal to buy the 26.5% stake that it doesn't already own in apartment giant Archstone for $1.58 billion, according to people familiar with the matter. Lehman is buying the stake from Bank of America Corp. and Barclays PLC, which together teamed up with Lehman to buy Archstone in a 2007 ...BY ROBBIE WHELAN AND ELIOT BROWN Lehman Brothers Holdings Inc. has struck a deal to buy the 26.5% stake that it doesn't already own in apartment giant Archstone for $1.58 billion, according to people familiar with the matter. Lehman is buying the stake from Bank of America Corp. and Barclays PLC, which together teamed up with Lehman to buy Archstone in a ... Continue reading →
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DARIEN, N.Y. — A U.S. Army veteran who lost both legs in Iraq and had been trying to rebuild his life was killed after he was thrown from a roller coaster at an upstate New York amusement park. Teams of inspectors on Saturday were examining the... 3:28 PM A married man driving his wife’s car mowed down a female friend and then left her bleeding in the street as he sped off — only to wind up critically... 7:10 PM A homeless man was bashed in the head with a bike lock and killed during a bloody dispute with another man in Union Square Park, police said today.... 6:35 PM A Queens bodega manager was shot dead by a masked robber — the second time ... Continue reading →
Two heavyweights — hedge-fund titan John Paulson and Blackstone’s Steve Schwarzman — are butting heads in the CNL Hotels & Resorts bankruptcy case over the termination of some lucrative Hilton Hotel management contracts.Paulson and Winthrop Realty Trust, which control the equity and put CNL into bankruptcy, are looking to cancel Blackstone’s Hilton Hotel management contracts that cover the Arizona Biltmore, the Grand Wailea in Maui, and La Quinta Resort & Club in Palm Springs, Calif., and others.Michael Ashner, Winthrop CEO, confirmed that the Arizona Biltmore and the Claremont in Berkeley, Calif. “are being offered to a select group of buyers free and clear of any management agreements.” Those sales are setting the stage for a battle as Hilton is valuing the contracts at $330 million ... Continue reading →
Results for search of photos matching "niagara falls rescue".1-4 of 4 Niagara Falls emergency officials rescue a man who plunged over Niagara Falls and survived in an apparent suicide attempt, Monday, May 21, 2012. The man is only the third person known to have gone over without a safety device and live. A waiting helicopter flew him to Hamilton General Hospital, where a spokeswoman says he has critical but non-life-threatening injuries. (AP Photo/Harry Rossetani)May 21, 8:26 PM EDTNiagara Falls emergency officials rescue a man who plunged over Niagara Falls and survived in an apparent suicide attempt, Monday, May 21, 2012. The man is only the third person known to have gone over without a safety device and live. A waiting helicopter flew him to Hamilton ... Continue reading →
