The U.S. government urged General Motors Co. to improve pensions of some Delphi Automotive Plc union retirees while cutting those of salaried workers to help ensure a speedy emergence from a GM bankruptcy, the watchdog of the Troubled Asset Relief Program said.
Royal Bank of Scotland Group Plc asked a U.K. judge to block a $100 million lawsuit filed by Highland Capital Management LP in Texas that accuses the lender of fraud and unjust enrichment over a failed collateralized-debt obligation.
About a dozen state attorneys general met last week to discuss their mortgage investigations and how they might work together as settlement talks with banks over foreclosures drag on, three people familiar with the matter said.
In 2009, Leon Rozenblit was ready to expand Prometheus Research from building databases for biomedical research departments at such universities as Harvard and Yale to energy and financial service businesses. Within a year and a half, he had burned through $1.5 million and laid off the five employees he had hired for the expansion, unable to penetrate Corporate America’s bureaucracies. “It was an expensive education,” he says.
If you liked the 692 percent bond return Hugo Chavez delivered during his 14 years as Venezuelan president, Fidelity Investments and Schroder Investment Management Co. say you have nothing to fear from his successor.