Legal & Regulatory

No signs to end US shutdown as it starts its first day

The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.


Government shutdown may cause delay for mortgage closures

In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.

Harbinger share values rise amidst SEC settlement with its founder

Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.

CEOs say shutdown would result in loss of economic gains

Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.


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Google modifies its search engines to accommodate competitors, as confirmed by EU Competition Commission and Google executives.
Stock market indices rose and long term instruments fell as the market responded to the first government shutdown in 17 years.
Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.
Google was advised by the Federal Trade Commission that it would not object to the search engine's acquisition of mapping app firm Waze.
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.
Wells Fargo & Co. said last Monday that it would pay USD780 million in cash to Freddie Mac to settle all repurchased home loans liabilities.
Two hours prior to a midnight deadline to avert a US federal shutdown, US stocks closer lower on Monday.
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