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Ontario judge OKs up to $122.66 million for creditors of Nortel's EMEA unit

2014-07-17 01:47:10| Telecom - Topix.net

An Ontario judge overseeing the Canadian portion of the Nortel Networks bankruptcy has approved a settlement on one of the side issues that involves creditors of an international division of the defunct telecom equipment giant.

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Hamptons Estate Sells in Two Deals Totaling More Than $80 Million

2014-07-16 23:10:45| Real Estate - Topix.net

The Wooldon Manor estate in New York's Southampton, which hedge-funder Scott A. Bommer bought for $75 million last year from fashion designer Vince Camuto, has sold again in two separate transactions totaling more than $80 million.

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GM says sold 2.5 million autos in second quarter, best since 2005

2014-07-16 23:05:13| Automakers - Topix.net

General Motors Co said on Wednesday its global sales topped 2.5 million vehicles in the recent quarter, up 0.5 percent as it posted its best showing since 2005 for a second quarter.

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With modest growth ahead, CSX to invest $100 million more in capital projects

2014-07-16 21:31:52| Railroads - Topix.net

CSX is looking forward to modest growth in the back end of 2014 after posting slight growth in its second quarter earnings report released Tuesday, the company's chief financial officer said Wednesday.

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Ashford Hospitality Trust acquires Fremont Marriott for $50 million

2014-07-16 20:39:53| Jewelry - Topix.net

The Fremont Marriott Silicon Valley has undergone several renovations since its 1999 opening, the most recent being an $8.1 million renovation last year.

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