Many Baby Boomers are neglecting a key part of their retirement plans — creating an estate plan. The USAT reports.» Read More
Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.
WASHINGTON, Oct 7- He has been stereotyped as the Obama administration's gaffe-prone sideshow. But Vice President Joe Biden also is a veteran debater who was in the U.S. Senate for a quarter century and is perhaps the Democratic White House's most passionate defender of the working class.
The announcement Friday by Lehman Brothers Inc and Lehman Brothers International Europe comes four years after Lehman, once Wall Street's fourth-largest investment bank, filed for bankruptcy at the height of the 2008 global financial crisis.
Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money.
The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.
Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.
Oct 5- Fitch Ratings has affirmed the Issuer Default Ratings of WGL Holdings, Inc.. and Washington Gas Light Company at' A+'. For the latest 12 months period ending June 30, 2012, WG comprised 81.6% of consolidated EBITDA.
Oct 4- The trustee liquidating Lehman Brothers' U.S. brokerage has reached a settlement with its former derivatives unit that will reduce to $550 million an original claim of $6 billion, according to court documents.
CEMEX Finance LLC is a wholly-owned subsidiary of CEMEX S.A.B. de C.V. and is incorporated for an unlimited period of time as a private limited liability company under the laws of Delaware.
To be sure, Fidelity surveyed just 1,200 advisers and brokers at broker-dealers, banks, wirehouses, insurers and registered investment advisors- a small fraction of a group that research firm Cerulli Associates estimates at more than 300,000..
DOVER, Del.-- Bank of America Corp. is asking the state for up to $10 million in taxpayer money for infrastructure needs related to a processing center project in New Castle County, Del..
Oct 3- The bankrupt maker of the Twinkies snack cake, Hostess Brands Inc, received court permission on Wednesday to impose a pay-cutting collective bargaining agreement on thousands of workers in a bakery union, a company spokesman said.
But the chief executives of Las Vegas- based MGM Resorts International and Las Vegas Sands Corp. differed during a keynote panel discussion with four other industry leaders at the Global Gaming Expo about whether states or the federal government are best able to provide oversight.
WILMINGTON, Del.-- Primedia Inc. is asking a Delaware judge to dismiss a shareholder lawsuit challenging the acquisition of the Georgia- based house and apartment search guide publisher by private investment firm TPG Capital for $316 million.
Oct 3- Bakers Footwear Group Inc, which operates 215 women's shoe stores in the United States, filed for bankruptcy protection on Wednesday as it struggles to restructure its business amid falling sales. Bakers' weak sales this year pushed it into default on a $30 million secured credit facility it entered into in June with Crystal Financial LLC.
WILMINGTON, Del.-- A woman who gave birth to boxing promoter Butch Lewis' daughter after his death is seeking money from his estate. Louise Cummings had the baby in April, nine months after Lewis died at age 65. She wants the child declared a beneficiary of the estate and requested interim payments of $3,250 a month until the case is resolved.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
LAS VEGAS-- It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.