Steve Wynn Admits to Secret $2M Donation
A half-year long mystery for 4,000 families in southern Nevada was solved when casino mogul Steve Wynn said he was the anonymous donor of $2 million to the United Way of Southern Nevada.
Found more than 1 month ago on channel Abc News
Tesco Barely in Profit as it Prepares U.S. Exit
(LONDON) — Tesco PLC, Britain’s largest supermarket operator, says it is looking to sell its U.S. operations after failing to make an impression over six years. Tesco said Wednesday that net profit for the year dropped 96 percent to 120 million pounds ($183 million) following a 1.2 billion pounds writedown to exit its Fresh & Easy brand in the U.S. It also took an 804 million pounds writedown on its U.K. property portfolio. Fresh & Easy has nearly 200 stores in California, Arizona and Nevada. Tesco says it is also leaving Japan and taking a more measured approach to growth in China. Chief Executive Philip Clarke told the BBC that the decision to leave the United States was right for shareholders and that the company was looking for a single buyer. MORE: How the Entry of Walmart and Big Retail Chains Will Change India
United States: Nintendo Ordered To Pay $30.2 Million To Tomita For 3DS Infringement - Fox Rothschild LLP
After a jury found that Nintendo's 3DS game system infringed Tomita Technologies' patent, the Southern District of New York entered judgment against Nintendo in the amount of $30,200,000 in compensatory damages.
Found 1 month ago on channel Mondaq
U.S., Mexico Rewrite Rules on Sharing Colorado River
(SAN DIEGO) — The United States and Mexico are rewriting rules on how to share water from the Colorado River, capping a five-year effort to form a united front against future drought in their western states. The far-reaching agreement to be signed Tuesday gives Mexico rights to put some of its river water in Lake Mead —which stretches across Nevada and Arizona — giving it badly needed storage capacity. Mexico will forfeit some of its share of the river during shortages, bringing itself in line with western U.S. states that already have agreed how much they will surrender in years when waters recede. Water agencies in California, Arizona and Nevada also will buy water from Mexico, which will use some of the money to upgrade its infrastructure. The agreement, coming in the final days of the administration of Mexican President Felipe Calderon, is a major amendment to a 1944 treaty that is considered sacred by many south of the border. The treaty grants Mexico 1.5 million acre-feet of ...