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Correction: Factory Sites-Apartments story | The Sacramento Bee

In a story Aug. 21 about apartments planned in Muncie, The Associated Press misspelled the name of the city where Wisconsin- based Commonwealth Development Corp . is based. It's Fond du Lac, not Fon du Lac. A corrected version of the story is below: Apartments planned for 2 ex- auto factory sites in Muncie A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie MUNCIE, Ind. (AP) — A developer is working on plans to construct apartments at the sites of two former auto industry plants in Muncie. The proposal from Commonwealth Development Corp . would convert a two- story brick factory dating to 1912 into a 36- unit apartment building southwest of the city's downtown. The developer also plans a 35- unit townhouse apartment building on a portion of a vacant site that was once a General Motors transmission factory a few blocks away. The (Muncie) Star Press reports the Fond du Lac, Wisconsin- based developer has obtai...

Carl Icahn’s Failed Raid on Washington

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...