News

HK Tycoon Makes Brief Stop at Anti-Graft HQ

A Hong Kong property billionaire and former government official baffled journalists covering one of the city's biggest corruption scandals on Tuesday, driving up to the anti-graft agency's offices and leaving within minutes.

Empire State Building IPO Could Bring Big Tax Bill

Malkin Group's plans to make the Empire State Building the centerpiece of a real estate investment trust have hit another snag -- long-time investors in the building could be vulnerable to huge tax hits, according to filings with the U.S. Security and Exchange Commission.

Monitor Begins Work Overseeing $25 Billion Mortgage Pact

The man charged with making sure banks comply with a $25 billion mortgagesettlement has a website, one employee and subleased space in a Raleigh, North Carolina, office tower.