Posts From King World News

China's Wanda to buy Ironman triathlon organiser for $650 mln

Chinese real estate and entertainment giant Dalian Wanda will buy the organiser of Ironman extreme endurance contests for $650 million, it said on Thursday in its latest sporting acquisition. The deal for the World Triathlon Corporation (WTC) comes after Wanda bought a stake in Spanish football club Atletico Madrid and spent more than a billion euros on Swiss sports marketing group Infront. Wanda chairman Wang Jianlin — a multi-billionaire and

EPA lacked view of pressure buildup at Colorado mine, internal report says

A U.S. Environmental Protection Agency team working to address seepage at an abandoned Colorado gold mine underestimated water pressure at the site before triggering a blowout that sent toxic waste into rivers, according to an internal report released by the agency on Wednesday. The Aug. 5 blowout at the Gold King Mine located on a creek outside Silverton in southwest Colorado sent more than 3 million gallons (11,360 cubic meters)