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AMR pensions underfunded by $10 bln-US

An American Airlines pension plan default in bankruptcy would be the largest in U.S. history as its accounts are underfunded by $10 billion, government pension insurers estimated on Tuesday.

Empire State Building Owners Plan to Form Public Company

The Empire State Building sits between the Bank of America building and the Chrysler Building at sunset in New York
The Malkin family, the New York landlords who own the Empire State Building, plan to file to become a publicly traded real estate investment trust (REIT) in around three months, it said in a Securities and Exchange Commission filing.
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Gold

Surging Gold Prices Curb Indian Demand

Simone Bora is contemplating the unthinkable -- an Indian wedding without lavish amounts of gold after record high prices and a sinking rupee have dimmed her hopes of sparkling at the party.
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Exclusive: PE firm eyes buyout for Yahoo's U.S. business

Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
Gold

High Gold Price Keeps Indian Buyers at Bay

Simone Bora is contemplating the unthinkable - an Indian wedding without lavish amounts of gold - after record high prices and a sinking rupee dimmed her hopes of sparkling at the party.
The Yahoo! offices are pictured in Santa Monica

THL Eyes Buyout of Yahoo's U.S. Business

Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
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Exclusive: THL eyes buyout of Yahoo's U.S. business

Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
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DOJ Probes Del Monte Sale for Antitrust Violations

The Department of Justice has opened a probe into the $4 billion takeover of Del Monte Corp by private equity investors led by KKR and Co (KKR.N), according to court papers regarding an investor settlement over the transaction.
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Glenn Close wore many hats for passion project Nobbs

Almost three decades after she first played her onstage, Glenn Close has brought to the screen the strange and compelling character of Albert Nobbs, a woman in 19th-century Dublin who lives as a man to escape a traumatic past and hang onto her job as a waiter in precarious times.
TMX Group Inc.'s CEO Thomas Kloet poses before the company's annual shareholders meeting in Montreal

TMX deal must preserve Montreal's status: watchdog

A former Quebec premier wants regulators to seek assurances that Montreal remain the center of Canadian derivatives trading before they approve a proposed C$3.8 billion takeover of the country's largest exchange operator.
The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo

New Link Emerges Between Japan's Olympus and Veteran

EDocuments unearthed by Reuters show a new link between Japan's Olympus Corp and a veteran banker at the center of an accounting scandal engulfing the firm, as attention focuses on the role he played in the company's deal-making.
Greene

Manhattan's 60 Greene Retail Sold for $10.35 Million, 57-63 Greene Close to Deal

A retail space at 60 Greene Street in Manhattan's Soho neighborhood has sold for $10.35 million, according to New York City records, one of two recent deals that cement the street's reputation as a desirable retail strip. Across the street, 57-63 Greene's retail condo is close to a deal, according to David Schechtman of Eastern Consolidated, one of the listing brokers.
Herman Cain

Herman Cain Ad: '9-9-9: The Movie' Is a Risky Return to Roots

Herman Cain is returning to the message that launched him to the top of the polls in late September, before sexual harassment allegations and a series of foreign policy gaffes brought him back down: his 9-9-9 tax plan. On Monday, Cain's campaign released a six-minute animation called 9-9-9: The Movie -- Slaying the Tax Monster.
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Putin Delays Polyus Gold's LSE-Listing Plan

Gold miner Polyus Gold's plans for a premium listing on the London Stock Exchange have been delayed, after an investment committee chaired by prime minister Vladimir Putin said it would not consider approval for the move until 2012.
The Olympus logo on its camera is seen in this illustrative photograph taken in Tokyo

Exclusive: New link emerges between Olympus and veteran banker

TOKYO/HONG KONG - Documents unearthed by Reuters show a new link between Japan's Olympus Corp and a veteran banker at the center of an accounting scandal engulfing the firm, as attention focuses on the role he played in the company's deal-making.
China's Retail Market

Gap says to triple China network in 2012

Apparel brand Gap Inc said on Friday that it aims to triple its store network in China next year, one of the latest foreign brands to target the country's consumer spending growth.
General view of the Nokia flagship store in Helsinki July 18, 2011.

Nokia Jumps as NSN, Phone Demand Fears Ease

Nokia shares jumped on Monday as fears eased over a slump in a phone demand after signs of strong Black Friday sales in the United States, coupled with loss-making Nokia Siemens Networks (NSN) dismissing some expectations it would need to raise more money from its parents.

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