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  • Gibraltar Bank announces Rothstein settlement
    Gibraltar Private Bank & Trust, one of two banks where Ponzi schemer Scott Rothstein laundered money, said Thursday evening it has reached a settlement in Rothstein-related litigation with a price tag between $20 million and $70 million. The proposed settlement with bankruptcy court officials would include a $10 million payment directly from the Coral Gables-based bank, $10 million more from its insurers, and a potential $50 million in additional claims. Bank Chairman Adolfo Enriques said he hopes the settlement will be approved by by U...


  • Bill boosting incentives for filming in Colo. clears House panel
    A bill to increase the amount of incentives that Colorado offers to film production companies received rave reviews Thursday, passing out of the House Economic and Business Development Committee with a bipartisan 9-3 vote. The margin marks the most universal support that cosponsor Rep. Tom Massey, R-Poncha Springs, has received in the eight years that he has run bills designed to bring more filming of movies, television shows, commercials and video games to the state. House Bill 1286, which also is sponsored by House Minority Leader Mark Ferrandino, D-Denver, now heads to the House Appropriations Committee...


  • Newspaper: Anschutz close to buying British soccer club
    Colorado billionaire Philip Anschutz is reportedly close to buying Tottenham Hotspur Football Club, a British soccer club founded in 1882. The Daily Express newspaper is reporting that Anschutz is “close to concluding a deal” with team owner Joe Lewis, whom the paper describes as “a close friend.” The newspaper puts the price Anschutz is paying at about $697 million. Anschutz was a major backer of Major League Soccer in the United States and still owns the Los Angeles Galaxy and a majority stake in the Houston Dynamo...


  • Hawaii unemployment claims fall 6%
    Initial unemployment claims in Hawaii fell 6.1 percent last week, according to the Department of Business, Economic Development and Tourism. There were 2,026 initial jobless claims filed during the week ending Feb. 11, compared to 2,157 filed during the same week in 2011. Oahu was the only island to see an increase in jobless claims. There were 1,220 initial filings last week on Oahu, which was 4.9 percent more than the 1,163 claims filed during the same week in 2011. Kauai saw the largest decrease of the Neighbor Islands, with a 42...


  • Canadian investor takes large stake in Southcenter mall
    A Canadian pension fund investor has taken a 45 percent stake in Westfield Southcenter Mall in Tukwila. The Westfield Group, an international shopping mall owner based in Sydney, Australia, has formed a $4.8 billion joint venture with the Canada Pension Plan Investment Board. The venture gives the pension fund investor a 45 percent stake in a portfolio of 26 shopping malls in the United States, including the Southcenter property, according to a release issued by Westfield Group. As part of the deal, the Canadian institutional investor is assuming substantial property-related debt...