Puerto Rico needs debt restructuring authority: U.S. Treasury Secretary
NEW YORK (Reuters) – Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an “escalating crisis”, U.S. Treasury Secretary Jack Lew, said on Fox Business Network TV on Th…
U.S. says $1 billion linked to Venezuelan energy corruption scheme
(In Dec. 21 item, clarifies throughout that company’s full name is Tradequip Services & Marine)
SAC Capital to pay $10 million in investors’ insider trading lawsuit
NEW YORK (Reuters) – Billionaire Steven A. Cohen’s former hedge fund SAC Capital Advisors LP has agreed to pay $10 million to resolve a lawsuit by shareholders of drugmaker Wyeth, who claimed they lost money because the fund engaged in insider trading …
Mitsubishi Aircraft delays jet delivery by around one year
TOKYO (Reuters) – Mitsubishi Aircraft Corp, a unit of Mitsubishi Heavy Industries Ltd , said on Thursday it would delay the first delivery of its regional jet by around one year from the original plan.
Unconverted: Contrarian economist unswayed by Fed’s liftoff
NEW YORK (Reuters) – In the spring of 2014, Mizuho Securities USA’s chief economist Steven Ricchiuto planted his flag for the projected date of the Federal Reserve’s first post-crisis rate hike in mid-2016, further into the future than any of his peers.
U.S. says eighth U.S. death linked to Takata airbag rupture
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Wednesday that an eighth U.S. death is linked to a faulty Takata airbag inflator, marking the first reported death since April and the ninth worldwide.
Wall St. extends pre-holiday rally as battered oil climbs
NEW YORK (Reuters) – Wall Street rallied in pre-holiday trading on Wednesday, helped by surging energy shares as an unexpected drop in crude oil inventories lifted beaten-down oil prices.
Hidden in plain sight: Big risks at failed Third Avenue fund were clear to some
BOSTON (Reuters) – In the months before the blowup of Third Avenue’s junk bond fund in early December, investors and financial advisors called the New York-based investment company to voice their concerns about the growing percentage of hard-to-trade, …
KaloBios says Nasdaq to delist stock
(Reuters) – KaloBios Pharmaceuticals Inc said on Wednesday that it had been notified by Nasdaq that its stock would be delisted using the exchange operator’s “discretionary” authority.
On Wall Street, oil proffers modest Santa Claus rally
NEW YORK (Reuters) – Wall Street rallied for the third consecutive session on Wednesday, propelled by sharp gains in energy stocks as a rebound in oil prices boosted sentiment heading into the Christmas holiday.
