BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
U.S. Senator Rand Paul, a potential presidential candidate who has said a bailout of Detroit would occur “over my dead body,” told a business crowd there that cutting taxes and luring immigrants would turn the city’s fortunes.
Only four days until we get a final Volcker Rule, are you excited? Here someone claims that the rule will be "quite short," which would be nice for me, since I guess I ought to read it. Also: bitcoins.
A historic exodus from municipal mutual funds is propelling the biggest jump in trading in local debt since 2011 as individuals and money managers bet an expanding economy will drive up interest rates.
In Detroit, 45 percent of the population rents and the remaining 55 percent are homeowners. And in the past year the Detroit real estate market has seen an 23.2 percent increase in value, with a median sales price of $28,800, according to Zillow.