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Cablevision, the US-based media and entertainment company owned by the Dolan family, has quashed rumours it is looking to spin off parts of its vast empire.

Family-owned chemical company Huntsman Corp will proceed to trial against Credit Suisse and Deutsche Bank after a US judge ruled the majority of claims against them should stand.

The US-based Justice family has purchased the exclusive Greenbrier resort, an award winning complex in West Virginia.

As if things weren’t bad enough with the worst recession in 75 years, the political backlash on lavish spending by financial institutions receiving government aid was a further blow to operators of luxury hotels and resorts like the Tisch family’s Loews Corp.

Porsche’s attempt to take over VW has come to an end after the families behind the two car giants agreed that they would merge the luxury carmaker’s automotive arm with its larger rival.

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