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United States: NYC Sugary Drink Ban Halted - Fox Rothschild LLP

Several news outlets, including The Wall Street Journal and USA Today, are reporting that a judge has entered an injunction halting New York City and Mayor Bloomberg's sugary drink ban, which was scheduled to go into effect on March 12th.

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Found more than 1 month ago on channel Mondaq

United States: Hotel Lawyer In The Wall Street Journal On EB-5 Financing For Hotels - Jeffer Mangels Butler & Mitchell LLP

We have said for some time that EB-5 financing has gone mainstream and is being used by institutional players.

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Found more than 1 month ago on channel Mondaq

Pratt & Whitney uncovers fraudulent engine-testing scheme: WSJ

Pratt & Whitney, a subsidiary of United Technologies Corp , uncovered a fraudulent scheme of testing engine parts by another unit of United Tech, the Wall Street Journal reported on Monday.

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Found more than 1 month ago on channel Reuters

Hostess Set to Announce Bidder for Twinkies

(NEW YORK) — The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks. (MORE: PBR Owner Making a Bid for Twinkies) The joint “stalking horse” bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale. After years of management turmoil and turnover, Hostess declared it was going out of business and selling its brands in November. The company, based in Irving, Texas, has already announced separate lead bidders for other its brands. McKee Foods, which makes Little Debbie snack cakes, was picked as for Drake’s cakes, which include Devil Dogs, Funny Bones and Yodels. Flowers Foods, which makes Tastykakes ...

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Found more than 1 month ago on channel TIME Moneyland

United Airlines finds wiring problem on 787: WSJ, citing source

NEW YORK - United Airlines has found a wiring problem on one of its Boeing Co 787 jets, an issue that affects the same system that caused a fire aboard a Japan Airlines Co 787 in Boston on Monday, the Wall Street Journal reported, citing a source.

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Found more than 1 month ago on channel Reuters