After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
Investors
Lehman Bros Europe to pay creditors full value
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
West Virginia to set up legacy fund for natural gas extraction
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
US SEC denies rejecting settlement over money fund
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Nikkei: Obama to nominate Treasury Secretary Fed chief
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
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NASCAR placed Penske Racing on probation after cutting deal allegations with Front Row Motorsports was said to have transpired allowing Joey Logano pivotal track position.
The Unifor union and GM Co. was able to meet and agree on the new collective bargain agreement. A tentative settlement on a new collective agreement between General Motors Co and Canda's Unifor union was reached to cover employee benefits for GM's CAMI assembly plant located in Ontario, Canada.
Thousands of fast food workers organized protests to demand higher wages after US federal minimum wages were said to be almost always without benefits.
181,000 gallons of asphalt that belonged to Goldman Sachs was burned after an explosion occurred at Elk Grove refinery.
Steven Roth resigned from JC Penney's board after his firm Vornado Realty Trust announced selling its 6.1% stake in the retailer, said a Bloomberg report.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
Credit Suisse AG is to sell of its German subsidiary according to a German paper. In a report from German weekly WirtschaftsWoche, Credit Suisse is intending to sell the private client's business of its German subsidiary Credit Suisse Deutschland AG.
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
The governments of the United States and Russia came to an agreement to seize the Syrian government's arsenal of chemical weapons within the week.
