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Lawsuit challenges tribal reservation decision

"The federal government has grossly overstepped its authority," said Adam Bond, a lawyer for the 25 Taunton residents named in the suit. The 2015 decision granted the Mashpee Wampanoags 151 acres in Taunton and 170 acres in Mashpee, a town some 50 miles away on Cape Cod. Backed by Malaysian casino developers the Genting Group, the tribe proposes a $500 million Las...
Source: The Associated Press
Lynn Tilton is stepping down from credit funds

Private equity investor Lynn Tilton has stepped down from the Zohar credit funds, on which her private equity firm, Patriarch Partners, has relied heavily for funding.
Source: CNBC.com | By: Jon Marino
Op-Ed: Trump should have run as a Democrat

Despite his politically-incorrect stance on minorities and women, Trump's positions hold appeal for working class Democrats worried about the economy.
Source: CNBC.com | By: Jake Novak
Business events scheduled for the coming week

BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...
Source: The Associated Press | By: By The Associated Press
Can 'Magic Tree House' save Lionsgate?

Lionsgate revealed on Thursday that it had acquired "The Magic Tree House" books for an undisclosed sum and will be developing live-action films.
Source: CNBC.com | By: Sarah Whitten
McD's ramps up all-day breakfast ads

It has bought a 30-second spot just before kickoff of Sunday's Super Bowl to air a new advertisement called "Good Morning," according to USA Today.
Source: USA Today | By: Aamer Madhani
UPDATE 1-Puerto Rico's emergency fiscal measures exhausted by June -GDB president

WASHINGTON, Feb 5- Puerto Rico, struggling to restructure its mountain of debt and already paying some but not all of its creditors, will run out of fiscal emergency measures by June, the U.S. commonwealth's Government Development Bank president said on Friday. With a 45 percent poverty rate and an exodus of people to the United States, Puerto Rico is trying to solve...
Source: Reuters | By: Clarece Polke
UPDATE 2-VW delays 2015 results, AGM as scandal effects unclear

BERLIN, Feb 5- Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal. More than four months after the scandal broke in the United States, Europe's leading carmaker is still to come up with a technical fix for almost...
Source: Reuters | By: Andreas Cremer
METALS--Copper slides after U.S. jobs data pushes up dollar

LONDON, Feb 5- Copper dropped on Friday after U.S. jobs data left open the potential for a U.S. rate hike later this year, boosting the dollar ahead of the Lunar New Year holiday in China. There's a bit of profit taking, closing out these long positions ahead of the weekend and the Chinese new year, "said analyst Kash Kamal at broker Sucden Financial.
Source: Reuters | By: Eric Onstad
Sharp shows Japan Inc may be more open to foreign interest

*Japan's governance push affected board members- banker. TOKYO, Feb 5- If Sharp Corp's rescue plans are anything to go by, Japan's insular technology sector is finally opening up to foreign investors, spurred by a shift in political thinking and a drive for improved corporate governance. Japanese policymakers, especially bureaucrats at the Ministry of Economy,...
Source: Reuters | By: Takashi Umekawa and Emi Emoto