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A unique life allowed Clarival do Prado Valladares (1918-1983) to leave an important legacy for Brazil’s artistic and architectural heritage. Even though he was educated and worked as a physician, this native of Bahia became notorious for the projects he developed as an art researcher and critic. Clarival do Prado Valladares’ merit came from his capacity to combine...

Chain store executive, pioneer in profit sharing, and philanthropist, J (ames) C (ash) Penney (1875-1971) built a corporate empire following business precepts based on the Golden Rule. The seventh of 12 children, only six of whom grew to maturity, J. C. Penney was born on September 16, 1875, on his father’s farm near Hamilton, Missouri. His father, the Reverend...

La Quinta Inn is a chain of limited service hotels in the United States, Canada and Mexico. LQ Management LLC, the owner, has its headquarters in the Las Colinas area of Irving, Texas, near Dallas. All properties are owned or franchised by the company’s subsidiary La Quinta Properties, Inc., a real estate investment trust (REIT), which leases the properties...

Texas and Pacific Railway Company,  Texas railroad merged into the Missouri Pacific in 1976. Chartered in 1871, it absorbed several other Texas railroads and extended service to El Paso in the west and New Orleans, La., in the east. Under Thomas A. Scott, who was simultaneously president of the Pennsylvania Railroad, the line attempted to build to New Mexico and...

Wall Street, street, in the southern section of the borough of Manhattan in New York City, which has been the location of some of the chief financial institutions of the United States. The street is narrow and short and extends only about seven blocks from Broadway to the East River. It was named for an earthen wall built by Dutch settlers in 1653 to repel an expected...

WASHINGTON – Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data released on Wednesday. The details of the lending program were disclosed after a lengthy legal battle eventually won by Bloomberg News LLP. The data,...

NEW YORK (Jonathan Stempel) – A group of bondholders plans to challenge Bank of America Corp’s $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other bond investors. In court papers filed on Tuesday in New York State Supreme Court in Manhattan, 11 companies sharing the name Walnut Place said they had “serious...

Back in May, a group of beer and food servers at Yankee Stadium sued the concession company they worked for, accusing Legends Hospitality of pocketing their hard-earned tips. Legends — which is co-owned by the Yankees, the Dallas Cowboys and Goldman Sachs — seems to have gotten the vendors’ message, judging from revamped menus now found inside the stadium. The...

GENEVA — The World Trade Organization ruled Tuesday that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials that are used widely in steel, aluminum and chemical industries. A WTO panel sided with the United States, European Union and Mexico, which had each filed complaints saying China was driving up the prices...

As the deadline to strike a deal on the debt ceiling draws closer, former president Bill Clinton criticized the nation’s corporate tax rate over the weekend, saying it should be lowered as part of an agreement between the parties, according to Politico. “We’ve got an uncompetitive rate,” Clinton told a crowd at the Aspen Ideas Festival on Saturday, Politico reports....