Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways.» Read More
Aug 2- CVS Caremark Corp said on Friday that it plans to pay a $20 million civil penalty to resolve a U.S. Securities and Exchange Commission investigation into 2009 comments and staff securities transactions and its accounting for an acquisition.
*Italy debt outperforms German Bunds before U.S. jobs data. *Imminent threat to Italy coalition seen limited. LONDON, Aug 2- Italian bonds rose on Friday, with investors seeing no immediate threat to the ruling coalition after the supreme court upheld former premier Silvio Berlusconi's conviction for tax fraud.
ROME, Aug 2- A supreme court ruling upholding a tax fraud conviction against former centre-right leader Silvio Berlusconi has left the fate of Italy's fragile ruling coalition in the balance, although his supporters said the government would not be brought down.
HONG KONG, Aug 2- China shares finished flat on Friday, but posted a second weekly gain led by mainland property companies on hopes that regulators may allow the sector to resume capital raising in mainland markets. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.1 percent on the day and 1 percent on the week.
The hearing in U.S. Bankruptcy Court is a key step toward Detroit Emergency Manager Kevyn Orr's effort to see the city emerge from the largest U.S. municipal bankruptcy filing in history by September 2014. But Detroit must first prove it qualifies to file for bankruptcy and then file a reorganization plan.
ROME, Aug 2- A ruling by Italy's supreme court upholding a tax fraud conviction against former premier and centre-right leader Silvio Berlusconi has left the fate of the country's fragile ruling coalition resting in the balance.
WASHINGTON, Aug 1- The U.S. International Trade Commission said on Thursday it would delay a decision on whether some mobile phones and tablets made by Samsung Electronics Co Ltd infringe on Apple Inc's patents.
ROME, Aug 1- Italy's supreme court on Thursday upheld a jail sentence against Silvio Berlusconi for tax fraud in a devastating blow to the four-times prime minister that could throw the country's fragile coalition government into crisis.
U.S. securities exchanges and non-exchange trading venues operated by broker-dealers perform largely identical functions in many respects, the Securities Industry and Financial Markets Association said in a letter to the U.S. Securities and Exchange Commission.
WASHINGTON, Aug 1- Republicans in the U.S. House of Representatives demanded information on Thursday about several former top staffers of the Consumer Financial Protection Bureau who the lawmakers say have turned their inside knowledge of the agency into a lucrative business.
WILMINGTON, Del., Aug 1- Detroit's bankruptcy filing last month brought a double-barreled bonus for lawyers- lots of much-needed work, and, due to a quirk of municipal bankruptcy law, no apparent need to disclose the fees they charge. A spokesman for the U.S. Bankruptcy Court in Detroit said Rhodes would not comment.
NEW YORK, Aug 1- Ormet Corp was beginning on Thursday to shut down half of the existing operations at its lone 260,000- tonne-per-year aluminum smelter at Hannibal, Ohio, according to documents filed a day earlier with Ohio state utility regulators.
NEW YORK, Aug 1- A federal judge gave final approval Thursday to a $590 million settlement by Citigroup Inc that resolves a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic mortgage assets.
NEW YORK, Aug 1- The largest U.S. securities trade group asked regulators on Thursday to end the self-regulatory status of stock exchanges, saying the structure creates conflicts of interest and should be replaced by some form of outside supervision.
NEW YORK, Aug 1- A U.S. judge gave final approval Thursday to a $590 million settlement by Citigroup Inc, resolving a shareholder lawsuit accusing the bank of hiding tens of billions of dollars of toxic mortgage assets.
A former SAC Capital trader who pleaded guilty last week to insider trading had been fired by hedge fund in 2008 over a bogus bonus scheme, the New York Post reports.
Aug 1- CME Group Inc, the world's biggest futures exchange operator, is closely watching regulators' escalating scrutiny of Wall Street's commodity trading and could benefit if it resulted in increased futures trading, top officials said Thursday.
Aug 1- Fluor Corp, the largest publicly traded U.S. engineering company, reported on Thursday a quarterly net profit unchanged from a year before, as growth in oil and gas work was offset by a charge related to a legal ruling. Second-quarter net profit was $161 million, or 98 cents per share, compared with $161 million, or 95 cents per share, in the year-earlier period.
SHANGHAI, Aug 1- The Chinese yuan edged higher on Thursday, driven by banks selling off dollars they had been compelled to retain through the end of July to meet new regulatory requirements, traders said.
The Securities and Futures Commission says it has evidence that China Metal Recycling, a $1.43 billion company that describes itself as China's largest recycler of scrap metal, exaggerated its financial position when it listed in Hong Kong in 2009..