NEW YORK CITY-After 22 years with Merrill Lynch & Co., Richard Saltzman is leaving his position as managing director and vice chairman of investment banking to serve as the new president of Colony Capital LLC.

INDIANAPOLIS-The Internet did not kill bricks-and-mortar retailers, some department store chains that were on the ropes have bounced back and lifestyle centers are "not going to be a broad-based phenomenon," according to Simon Property Group President Richard Sokolov.

DENVER-The Wellshire Inn, a storied Denver golf course and club, will retain its concessionaire license from the city, pending certain conditions.

PHILADELPHIA-Valerie B. Bowman, former national account manager of a