|Kushner, Anbang end Manhattan tower talks, other talks emerge - |
Kushner Companies, the real estate firm headed by President Donald Trump's son-in-law until recently, said on Wednesday it ended talks to redevelop its flagship New York office tower with China's Anbang Insurance Group [ANBANG.UL]. Talks had centered on Anbang providing as much as half of $2.5 billion in equity for the planned redevelopment of 666 Fifth Avenue in Midtown Manhattan, a media report said last week. The failed talks are the latest twist in a story that initially involved Jared Kushner, who is married to Trump's daughter Ivanka, before he sold his interest in Kushner Cos to a family trust at the beginning of the year.
|Chipotle defeats U.S. class action lawsuit on overtime pay - |
U.S. District Judge Andrew Carter in Manhattan said the former Chipotle "apprentices" from New York, Illinois and four other states had varying duties depending on where they worked and could not show they were all eligible for overtime pay. The plaintiffs in the 2012 lawsuit said that when they worked in the temporary, salaried positions training to manage new restaurants, they often performed basic tasks that could be assigned to hourly workers.
|Threatened Utah prairie dogs have their day in court...and win - |
Prairie dogs in Utah won a turf battle against property developers on Wednesday when a U.S. appeals court reinstated restrictions on development in areas inhabited by the threatened animals. Environmentalists praised the three-judge appeals court panel's decision overturning an earlier ruling and protecting the foot-long rodents, which property rights activists say threaten farm animals and development with their massive underground colonies. “This is huge, not only for the prairie dog but for the Endangered Species Act,” Michael Harris, legal director for Friends of Animals, a conservation group involved in the case, said in a phone interview Wednesday.
|California would increase fuel taxes under $52 billion road repair plan - |
California would increase gasoline taxes and other transportation-related fees for the first time in decades to fund an ambitious $52 billion plan to repair the state's sagging infrastructure under a deal announced Wednesday. The deal between fiscally moderate Democratic Governor Jerry Brown and leaders of the majority Democrat legislature would increase the excise tax on gasoline by 12 cents per gallon from the current $0.28, and on diesel fuel by 20 cents per gallon, among other fees, over 10 years to pay for repairs to roads and bridges as well as for anti-congestion projects. "Let's be clear - our roads suck," said Assembly Speaker Anthony Rendon, who represents blue-collar suburbs south of Los Angeles at a news conference announcing the deal.
|Kellogg evacuates headquarters in Michigan after Freon leak - |
Fire officials shut off the Freon, a refrigerant used for cooling, and the building was declared clear by the fire department at around 1:40 p.m. All employees have been released from the hospital and the building is now safe, Kellogg said.