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Madison Square Garden Split Bolsters Arena, Shareholders

The spinoff of the company from its regional sports network operations will give James Dolan more firepower to build an entertainment powerhouse.

Some Fantasy Sports Sites May Be Skirting Reality of Legal System

The national football season kicks off this week and with it comes the explosion of fantasy leagues. But some companies may be pushing the limits of gambling laws.

Xerox to Buy RSA Medical: Here's Why Its Push Into Health Care Makes Sense

With pressure rising on companies to keep medical costs down, smart tech firms like Xerox can bring their skills to bear on making health care cheaper and more efficient.

Citigroup Unit Sell Has Industry Watching for JPMorgan Chase's Next Move

Following Citigroup's decision to sell its fund administration business to SS&C Technologies, industry watchers are keeping an eye on others who could look to sell these operations.

Potential Morgans Hotel Group (MHGC) Sale Raises Questions From Major Investor

Gregory Cohen of Rambleside Holdings, wrote to the board that his company was concerned that Morgans would be undervalued in a transaction. Morgans has been for sale since May 2014.

Bruce Ratner's Forest City Extends Nets Payment With Sale Pending

If Forest City had defaulted on the debt payment, its stake in the basketball franchise would have been diluted to 8% from 20%.

Houlihan Lokey Sets IPO Range, Seeks Valuation of $1.5B

The markets have been kind to investment banks that derive more of their revenues from advisory services.

Seres Therapeutics IPO Highlights Large-Cap Interest in Your Gut

The company is attracting investors looking to get a piece of a company that could be the first to bring a pharmaceutical based on microbiology to market.

Berkshire Hathaway's MedPro Buys Fellow Malpractice Insurer Plico

Malpractice insurer MedPro Group, a portfolio company of Berkshire Hathaway, has agreed to acquire smaller peer Plico, and will continue to evaluate other targets in the space.

Ventas Sells Majority Stake in Ardent's Hospital Operations to Zell PE Firm

The deal allows Ventas to move forward with the $1.75 billion purchase of Ardent's real estate, which consists of hospitals as well as facilities in Texas, Oklahoma and New Mexico.

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