Government
Will Britain’s New Financial Regulatory Bodies Curb Excesses?
Britain launched its new system of financial supervision on Tuesday, hoping that two new regulators will succeed where a single one failed in preventing banking crises and protecting consumers from ...
IRS Asked to Clarify Obamacare Investment Tax
Businesses and wealthy owners of estates and trusts asked the IRS on Tuesday for changes to a part of President Barack Obama's 2010 healthcare law that has received comparatively little attention: a ...
Twitter, Facebook Disclosures Okay, SEC Says
As long as companies alert investors about which social media outlet they plan to use in advance, they can use outlets like Facebook and Twitter to disclose key information, the Securities and ...Judge Rules Stockton, Calif. Bankruptcy May Proceed Over Bond Insurers’ Objections
A U.S. federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a ...
Services Growth Could Signal Britain Will Escape New Recession
Britain's dominant services industry grew at its strongest pace in five months in January, a small boost to chances the country might narrowly skirt a new recession. Output in the sector, which ...China to Strengthen Regulation of Financial Products
China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator ...Oil Spill Claims Chief Seeks Dismissal BP Lawsuit Over Settlements
The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how ...Judge Questions Citigroup $590 Million Shareholder Settlement
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc.'s proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of ...