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Utah-based company wins auction to buy Jay Peak in Vermont

Utah-based Pacific Group Resorts, Inc., which owns five ski resorts, has won the auction to buy Jay Peak Resort, the Vermont ski area that was shaken by a massive fraud case involving its former owner and president.

Transcripts For CNBC Worldwide Exchange 20100514

hey sfri friday, everybody. it is 345i 14th. welcome to worldwide exchange. the impact of the falling euro and sinking commodity prices here in the region. in europe, a lackluster start to trade following a volatile week as the ceo of deutsche bank expresses his concern over greece s ability to repay its debt. and in the united states, the financial services industry takes another hit as congress moves to overhaul regulation of the credit rating agencies themselves. hello there. warm welcome to worldwide exchange. i m chloe cho in asia. we have louisa bojesen in london and nicole lapin in the united states, as well. the asian markets are wrapping up what appears to be a negative session across the board, as you can see there. the nikkei falling off 1.5%. the interesting theme today is that worries about the euro zone once again resurfacing again, especially as in here. the cautious outlook for the likes of sony in asia, plus more financing worries for the chinese b

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