Business news for Mon, 24 Dec 2007 & with words pay+private. 2 news.

United Rentals said on Monday that it will not appeal a Delaware judge’s ruling Friday that Cerberus Capital Management cannot be forced to complete its $4 billion buyout of the rental equipment operator. United Rentals said that it will terminate the deal and ask the private equity firm to pay the $100 million breakup fee stipulated [...]

Grandparents, flush with cash earned in the property boom, are helping with their grandchildren's school fees that have risen sharply amid the rise in teachers' pay