Legal & Regulatory
China reveals major plans in economic and social reforms following leaked document
Top leaders of the Chinese government released its plans to make major reforms in the economy and social systems, and vowed that such reforms would make decisive results by 2020.
US hedge funds invests, exits controversial firms- report
A Reuters report said hedge fund managers in the US bought and exited from shares of hotly-debated firms like retailer JC Penney, nutrition and weight management company Herbalife Ltd and auction house Sotheby's.
Assets of money market funds drop USD3.15 billion - Investment Company Institute
Data released by mutual group Investment Company Institute showed an overall drop of money market mutual fund assets in retail, institutional, taxable funds, and tax-exempted fund segments.
Fee examiner approves USD 240 million payout to Eastman Kodak Co's bankruptcy advisers
Fee examiner Richard Stern recommended to Judge Allan Gropper that USD 240 million in fees and expenses be paid to Eastman Kodak Co's lawyers and advisers.