Administrative Court News
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John C. Bogle, the founder of Vanguard Group Inc. who popularized index-based investing, said proposed rules for money-market mutual funds don’t go far enough to protect investors and the financial system.
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Just when smokers thought it was okay to inhale again, a debate over the safety of electronic- cigarettes is threatening to cut off their nicotine.
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Chris Willford, former group finance director at nationalized lender Bradford & Bingley Plc, may be fined as much as 100,000 pounds ($157,000) for risk management failures after losing a court appeal today.
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OptionsXpress Inc., a unit of U.S. brokerage Charles Schwab Corp., and its former chief financial officer helped to facilitate sham transactions that violated U.S. securities laws, an administrative court ruled.
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Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, informed some American clients that their accounts meet the criteria of a U.S. request for data amid a Justice Department offshore tax-evasion probe.
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Finland’s government must reveal the details on a collateral agreement it made with Greece in exchange for providing funds for a second rescue loan, the Nordic nation’s top administrative court said.
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SNS Reaal NV investors wiped out by the Dutch lender’s nationalization said the Dutch central bank acted unlawfully when it demanded an immediate 1.8 billion-euro ($2.4 billion) capital increase in January.
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Finland’s Finance Minister Jutta Urpilainen said she will continue in her job after switching three ministerial posts in her Social Democrat party’s first reshuffle since joining the government in 2011.
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Centamin Plc, a producer of gold in Egypt, fell the most in almost than five months in London as it said a report by the State Commissioner’s Office was “not positive” as it appeals the annulment of its mine lease.
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An Egyptian court upheld a ruling suspending a parliamentary election President Mohamed Mursi sought to begin tomorrow, increasing uncertainty in the country ahead of a Cabinet shuffle aimed at easing the political deadlock.
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