Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
Industry
Medical costs and rents increase despite US inflation tame
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
US poverty increase despite economic improvement
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
EU agreements no threat to Russia according to Ukraine's PM
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
India plastics duties on imported materials sought revised
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
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The Federal Trade Commission stamps seal of approval for the acquisition of Arbitron, the radio audience measuring firm, by Nielsen, the television measuring giant.
The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.
Germany's new leaders after its recent elections would reflect the future of not only the country but of the EU as well.
The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.
Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.
The European Union and Singapore concluded a free trade agreement that would make doing business easier and more transparent for both countries.
Kloevern AB gained the most after the firm was upgraded in status by Swedbank AB. The shares of Kloevern AB had jumped its highest in nearly five months in Stockholm trading.
