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.
Legal & Regulatory
Italian prosecutors seek to indict JP Morgan over Paschi-Antonveneta deal
Italian prosecutors said that JP Morgan should be indicted after manipulating markets and falsifying documents when it took over Banca Antonveneta last 2008.
FBI shuts down alleged Bitcoin marketplace
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
JC Penney shareholder sues retailer over share sale
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
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.
Latest News
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
History showed greater economic performance after a shutdown, but there are many issues after that which need action from government.
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.
