Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.» Read More
WASHINGTON, Nov 15- President Barack Obama will push for an extension of emergency unemployment insurance benefits through the end of 2014, the White House said on Friday, saying the help is still warranted given stubbornly high unemployment.
WASHINGTON, Nov 15- Prominent Republicans in the U.S. House of Representatives on Friday threw their weight behind industry complaints that the nation's derivatives regulator is confusing markets as it rushes through a plethora of new rules.
Nov 15- Residential Capital LLC, a bankrupt mortgage lender, won a court ruling on Friday that it does not owe approximately $340 million in interest claimed by junior secured noteholders. Bankruptcy Judge Martin Glenn also criticized the legal tactics of the noteholders, who are virtually alone in opposing that plan.
WASHINGTON, Nov 15- The U.S. Internal Revenue Service is under pressure from some businesses to reduce the information they may soon have to collect and report to the IRS under the health law known as Obamacare, including the birth dates and Social Security numbers of employees' children.
As Wall Street seeks more complex ways to make a buck, the political-intelligence business has been seeing big benefits. Mother Jones reports.
Nov 15- American Airlines Group, the company that will be formed when AMR Corp's American and US Airways Group Inc complete their merger, will trade under the symbol "AAL" on the Nasdaq market, the companies said on Friday. American and US Airways this week reached an agreement with the U.S. Justice Department paving the way for the merger.
TOKYO/ WARSAW, Nov 15- China, the EU and campaign groups criticised Japan at U.N. climate talks on Friday after Tokyo slashed its target to cut greenhouse gas emissions, blaming its shuttered nuclear power industry in the wake of the Fukushima disaster.
*Japan dramatically waters down CO2 emissions target. TOKYO/ WARSAW, Nov 15- Japan drastically weakened its greenhouse-gas reduction target on Friday, bowing to the impact of a shuttered nuclear power industry but drawing international criticism at U.N. climate change talks.
Nov 15- The U.S. Central Intelligence Agency is collecting records of international money transfers under the same law that the National Security Agency uses to collect Americans' phone and Internet records, the New York Times and Wall Street Journal reported on Thursday.
DETROIT, Nov 14- Detroit must disclose the fee structure of a $350 million debtor-in-possession financing agreement, a bankruptcy judge ruled on Thursday, turning back the city's efforts to keep secret the cost of a controversial loan package, and leading to a sharp exchange with one of the bankers involved in the deal.
NEW YORK, Nov 14- Insurers and state regulators say that President Barack Obama's "fix" for policies canceled under his healthcare reform law will create new problems for the industry and could lead to an increase in premiums.
SAN FRANCISCO, Nov 14- California's environmental regulator can sell carbon emission permits at quarterly auctions as part of the state's cap-and-trade program, a state court said on Thursday, in a setback to businesses that argued that the sales constitute an illegal tax.
NEW YORK/ WASHINGTON, Nov 14- U.S. railroads on Thursday urged regulators to improve safety standards for tank cars carrying flammable liquids, following a spate of accidents in the booming crude-by-rail industry.
NEW YORK, Nov 14- Insurers and state regulators say they fear that President Barack Obama's "fix" for policies canceled under his healthcare reform law could create new problems and lead to an increase in premiums.
DETROIT, Nov 14- Detroit must disclose the fee structure of a $350 million debtor-in-possession financing agreement, U.S. Detroit reached the loan agreement with Barclays, a unit of Britain's Barclay's Plc, in October, but the deal still must be approved by Judge Rhodes.
Hedge funds Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator. Barry Rosenstein's Jana Partners and Farallon, founded by Tom Steyer, each bought 500,000 shares in the Plano, Texas- based company during the quarter, regulatory filings made with the Securities and Exchange Commission on Thursday show.
SACRAMENTO, Calif., Nov 14- Authorities in California shut down 10 fake Obamacare websites, amid nationwide concern among law enforcement officials about potential fraud during the program's rollout, the state's attorney general said on Thursday.
*Coffee, cocoa warehousing replicated metals business model. LONDON, Nov 14- The window is closing on lucrative- and much-resented- practices that some exchange-licensed coffee and cocoa warehouses have copied from the metals market, as exchanges step in to pre-empt scrutiny from regulators.
WASHINGTON, Nov 13- A U.S. Supreme Court justice on Wednesday declined a request from Teva Pharmaceutical Industries for a stay of an appeals court ruling that would strip the company's $4 billion- a-year multiple sclerosis drug Copaxone of patent protection in 2014, rather than in 2015..
NEW YORK, Nov 13- Sean Coffey, a New York attorney who represented investors in litigation over WorldCom Inc's collapse and defended former Goldman Sachs trader Fabrice Tourre at trial, is joining the law firm Kramer Levin Naftalis& Frankel.
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