GM Nearing Deal to Sell Saab
A person briefed on the matter says General Motors Co. is close to a deal to sell its Swedish Saab brand to Dutch luxury automaker Spyker Cars NV. The person does not want to be identified because the deal has yet to be signed. Trading of Spyker shares has been suspended in Amsterdam in anticipation [...]
Simon Property to Buy Prime Outlets
Simon Property Group Inc. said on Tuesday that it plans to buy the outlet shopping centers owned by Prime Outlets Acquisition Co. This transaction will solidify Simon’s position as the country’s largest public real estate company. Simon will be paying $700 million and will assume the company’s debt and preferred stock, making the deal total [...]
McDonalds Loses Legal Battle Against Family-Owned Kuala Lumpur Business
On September 8th, 2009, the Malaysian Federal Court settled an eight-year legal battle between family-owned Kuala Lumpur “McCurry” restaurant and the international McDonalds fast-food firm. The suit, filed in 2001 by the McDonalds corporation, claims that the McCurry restaurant name infringes upon McDonalds’ trademarked “Mc” prefix. Though the McCurry restaurant claims its name is a [...]