Public labor unions asked a US court to throw out Detroit's bankruptcy filing on various grounds.
Industry
Judge throws out pension fund claim against Moody's
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
Linda Ronstadt and Parkinson's disease
Linda Ronstadt admitted to AARP Magazine that she is suffering from Parkinson's disease. In an article posted on the online version of AARP Magazine, Linda Ronstadt admitted suffering from Parkinson's disease which lead her to lose her ability sing.
Yosemite Park affected by brushfire
California governor Jerry Brown declares state of emergency with the spread of wildfire into the Yosemite National Park.
Mexico CB governor urges Fed to clarify plans for reduction of bond purchases
Agustin Carstens, Governor of the Mexican central bank, asked the US Federal Reserve to clarify its plans for the reduction of its monthly bond purchases.
Latest News
A recovery in the US housing market lifted the sales and earnings of Home Depot. Home Depot Inc gained from the rebound experienced in the US housing market.
Bethany McLean of Reuters wrote that it would be a challenge to remove government sponsored enterprises from the US mortgage market.
Eurozone indicators and US trends point to a recovery in the global economy. Positive results from business surveys conducted in the Euro Zone as well as encouraging trends in the US all point to better prospects for the global economy.
A federal judge allowed the lawsuit filed by the Justice Department against a unit of Bank of America to proceed by endorsing a broad interpretation of the FIRREA.
President Obama met with regulators of the US financial markets to discuss their progress on the implementation of the 2010 Wall Street Reform Law.
Argentina lost an appeal in a 2nd district circuit court in New York and deemed to wait until the US Supreme Court had finished reviewing their case.
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Inventor John Levine of Nasdaq's exchanges systems said that the stock markets needed to be designed properly following the system breakdown yesterday which halted trading for three hours.
The corruption trial of former politician Bo Xilai showcased the extent and pervasiveness of corruption in China.
