Bloomberg Business

Universal Entertainment Executives Blamed for Failed SPAC Merger

Executives at Japan’s Universal Entertainment Corp. spent much of the past year coming up with creative ways to scuttle the $2.6 billion merger of their Okada Manila casino resort unit with a blank-check company, a former partner in the deal told a US judge.

Deadly NY Flooding Snarls Travel With More Rain Forecast

Deadly flooding swept through the lower Hudson River Valley north of New York City, snarling commuter and freight travel as a slow-moving weather front made its way through the US Northeast promising more devastation.

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