The proposed settlement for healthcare benefits claim of Peabody Energy Corp was rejected by the United Mine Workers of America.
Legal & Regulatory
Like MTS, Megafon seeking to expand into banking services
Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
Baupost Group set to return money to clients
Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Investors in the Saudi Arabian industry have pulled out from the business
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
Morgan Stanley and others in faulty securities sale lawsuit by US regulator
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Latest News
Entergy Corp officials said on Monday that the company had resubmitted its grid plan sale to Texas regulators.
Bank of America would go on trial this week over fraud charges related to home mortgages which was alleged to defraud Fannie Mae and Freddie Mac.
AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
JP Morgan Chase & Co. was mandated to pay USD389 million in penalties and restitution after the bank was alleged in unfairly charging its customers for credit monitoring programs.
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
The opening of trading at the Hong Kong Exchanges and Clearing Ltd. were delayed due to Typhoon Usagi and would resume trading in the afternoon.
New Treasuries demand showed a solid improvement following the retreat of Wall Street dealers and rising yields.
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
India's capital markets regulator SEBI said it had been considering regulation changes to safeguard minority shareholders' interest in a company to use funds generated from an IPO aside from what was originally stated on its objectives.
