A New York bankruptcy court has approved a $957 mln (EUR 680 mln) sale of notes to Lehman Brothers Holdings from its German unit, Lehman Brothers Bankhaus, as part of a larger settlement between Lehman's bankruptcy estate and its affiliates.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
