AMR urges court to back restructuring despite antitrust suit
NEW YORK (Reuters) – American Airlines and its creditors’ committee on Friday urged a bankruptcy judge to approve the airline’s restructuring plan despite an antitrust challenge from the Department of Justice.
Argentina loses U.S. appeal in $1.33 billion bondholder fight
NEW YORK (Reuters) – Argentina on Friday lost its appeal of a U.S. court order requiring it to pay $1.33 billion to hedge funds that refused to accept steep discounts when the nation restructured its debt.
Argentina markets give back gains after U.S. court stay
BUENOS AIRES (Reuters) – Argentine markets initially rose on Friday after a U.S. appeals court put a hold on injunctions against the government in its legal battle with “holdout” bond investors, but stock and bond price gains were soon erased as concer…
Central banks don’t need to rush ultra-easy money exit: IMF’s Lagarde
JACKSON HOLE, Wyoming (Reuters) – Central banks in Europe, the United States and Japan have no need to rush to exit the ultra-easy monetary policies they have put in place to spur growth, IMF Managing Director Christine Lagarde said on Friday.
BATS in merger talks with Direct Edge: WSJ
(Reuters) – BATS Global Markets, the third-largest U.S. stock exchange, is in advanced talks to merge with smaller rival Direct Edge Holdings LLC, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
Fed says it does not object to new BB&T capital plan
WASHINGTON/NEW YORK (Reuters) – The Federal Reserve approved a revised capital plan for BB&T Corp for 2013, and the bank said on Friday that it is maintaining its current quarterly dividend.
Fed should focus on mortgage buys, sell Treasuries: study
JACKSON HOLE, Wyoming (Reuters) – The Federal Reserve should concentrate its unconventional monetary stimulus on mortgage asset purchases, according to a new study released on Friday, ditching Treasury bond buys which the authors say have not had much …
Exclusive: Monte Paschi accused of misleading Italy regulator in 2012
MILAN/ROME (Reuters) – Banca Monte dei Paschi di Siena sparked fresh controversy on Friday when it was accused of misleading Italy’s market regulator as recently as October 2012, shortly before it received a 4.1-billion euro ($5.47 billion) state bailo…
Apple battles U.S. over scope of e-books injunction
NEW YORK (Reuters) – The United States offered to ease the terms of a proposed civil injunction against Apple Inc for conspiring to raise e-book prices, but the company said the revised proposal is still designed to “inflict punishment” and must be rej…
Apple battles U.S. over scope of e-books injunction
NEW YORK (Reuters) – The United States offered to ease the terms of a proposed civil injunction against Apple Inc for conspiring to raise e-book prices, but the company said the revised proposal is still designed to “inflict punishment” and must be rej…
