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Dubai World Nears Debt Restructuring Agreement
Friday, September 10, 2010 - 11:11am | 205Dubai World, the troubled investment company based out of the United Arab Emirates said that they had reached an agreement with nearly all of their creditors on Friday on a plan to restructure $24.9 billion in debt. The company, owned by the state of Dubai, believes that it should be able to...
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CityCenter Contractor May Sue MGM Mirage (MGM)
Friday, March 12, 2010 - 8:06pm | 107MGM Mirage (NYSE: MGM) disclosed in a filing to U.S. regulators that it may be sued by the general contractor of its CityCenter project for $492 million. MGM Mirage and Dubai World are equal partners in the Las Vegas Strip project. Tutor Perini Corporation (NYSE: TPC) is the lead contractor for the...