Aecom Technology Corp. has acquired Tishman Construction Corp. for $245m, in a deal that combines one of the world’s largest engineering and design firms with the storied New York-based construction business. The companies have overseen some of the world’s largest complex construction projects. Los Angeles-based Aecom is currently working on New York City’s new Second Avenue subway and Saadiyat Island, a $30bn development off the coast of Abu Dhabi.

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Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales

A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.

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3d rendering of a row of luxury townhouses along a street

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