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14 Nov U.S. judge overturns Montana man’s conviction in tribal bond scheme

Posted at 22:43h in News by KMFSLLP 0 Comments

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A federal judge on Thursday overturned the conviction of a Montana man on charges that he helped run a scheme to defraud a Native American tribe and multiple pension funds through the issue of $60 million worth of tribal bonds.

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14 Nov UPDATE 1-Labor unions file pension lawsuit against Puerto Rico

Posted at 22:27h in News by KMFSLLP 0 Comments

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Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million they contributed to a new retirement plan, according to a lawsuit filed against the U.S. commonwealth's government and others by two labor unions on Thursday.

14 Nov Bankrupt Sears wins court approval for plans to sell stores

Posted at 21:58h in News by KMFSLLP 0 Comments

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Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.

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14 Nov UPDATE 2-Mexico central bank sends warning over incoming leftist government

Posted at 21:56h in News by KMFSLLP 0 Comments

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Mexico's central bank raised its benchmark interest rate on Thursday on concerns over inflation, and said the incoming government's policies risked fanning inflation in a strongly worded warning to President-elect Andres Manuel Lopez Obrador.

14 Nov U.S. regulators ease banking rules in light of California fires

Posted at 21:20h in News by KMFSLLP 0 Comments

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Banks that operate in fire-blasted regions of California will not be punished if they ease loan terms or miss some federal reporting requirements, federal banking regulators said on Thursday.

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14 Nov UPDATE 1-Wells Fargo plans 1,000 U.S. job cuts

Posted at 20:45h in News by KMFSLLP 0 Comments

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Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.

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14 Nov UPDATE 2-PG&E’s stock deepens slump as wildfire fans liability fears

Posted at 20:19h in News by KMFSLLP 0 Comments

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Shares of PG&E Corp sank 31 percent on Thursday, bringing the loss in its stock market value to nearly $16 billion since the breakout of a deadly wildfire in northern California that investors fear will be blamed on the utility.

14 Nov Brexit deal crisis: May fights on after Raab resigns – as it happened

Posted at 20:00h in News by KMFSLLP 0 Comments

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14 Nov REUTERS SUMMIT-DoubleLine Capital LP warns on U.S. investment-grade bonds

Posted at 19:56h in News by KMFSLLP 0 Comments

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DoubleLine Capital LP portfolio manager Monica Erickson has a problem. She thinks the investment-grade corporate bond market, which is her specialty, is the worst place to be for bond investors.

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14 Nov May vows to fight for Brexit deal

Posted at 19:45h in News by KMFSLLP 0 Comments

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PM promises to ‘see this through’ despite party being on edge of civil war

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News

14 Nov U.S. judge overturns Montana man’s conviction in tribal bond scheme

14 Nov UPDATE 1-Labor unions file pension lawsuit against Puerto Rico

14 Nov Bankrupt Sears wins court approval for plans to sell stores

14 Nov UPDATE 2-Mexico central bank sends warning over incoming leftist government

14 Nov U.S. regulators ease banking rules in light of California fires

14 Nov UPDATE 1-Wells Fargo plans 1,000 U.S. job cuts

14 Nov UPDATE 2-PG&E’s stock deepens slump as wildfire fans liability fears

14 Nov Brexit deal crisis: May fights on after Raab resigns – as it happened

14 Nov REUTERS SUMMIT-DoubleLine Capital LP warns on U.S. investment-grade bonds

14 Nov May vows to fight for Brexit deal

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