Wal-Mart Stores Inc. and Costco Wholesale Corp., among more than 500 merchants objecting to a $7.25 billion antitrust settlement with credit card firms over swipe fees, say the deal is meaningless as long as card companies can fix fees charged retailers on each transaction.
Edward I. Koch, the outspoken three- term New York mayor who led the biggest U.S. city from the brink of bankruptcy in the late 1970s and boosted the spirits of crime-weary residents, has died. He was 88.
It’s mid-October, and Jeffrey Gundlach is giving a stump speech to a luncheon crowd of about 200 financial advisers and investors at Los Angeles’s City Club. The renowned money manager’s theme: the financial catastrophe on the horizon.
Katherine Forrest, a federal judge appointed by President Barack Obama who less than a year later blocked a controversial military-detention law, will have that ruling tested as an appeals court considers the government’s claim that her decision would irreparably damage national security.
President Barack Obama’s administration urged the U.S. Supreme Court to reinstate same- sex marriage in California, calling for broad constitutional protections that ultimately could let gays marry nationwide.