Trust Fund News
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Pittsburgh Corning Corp.’s bankruptcy judge overruled final objections by insurance companies trying to halt the reorganization of the building-supply company.
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The bridge collapse on Interstate 5 north of Seattle this week highlighted the nation’s aging infrastructure and the lack of significant improvements in the six years since 13 people died when a Minnesota span fell.
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Italian prosecutors ordered the seizure of 8.1 billion euros ($10.5 billion) of assets belonging to the Riva family, one of Europe’s wealthiest industrial families and owners of Ilva, Europe’s largest steel plant.
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Cotton output in Tanzania, Africa’s fourth-biggest producer of the fiber, may drop 30 percent this year after lower prices discouraged growers and pesticide distribution was curbed, the Tanzania Cotton Board said.
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Legg Mason Inc.’s Mary Chris Gay, a portfolio manager at the division that was home to Bill Miller, has left as her unit is folded into the firm’s ClearBridge Investments equity affiliate after a decline in assets.
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The U.S. Supreme Court bolstered the authority of federal administrative agencies, upholding Federal Communications Commission deadlines for local zoning authorities considering applications for new wireless facilities.
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Wal-Mart Stores Inc. officials must turn over more internal files on what directors knew about claims that executives handed out bribes to facilitate Mexican real-estate deals, a judge ruled.
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Republicans defended Mitt Romney against criticism from Democrats that he avoided taxes by keeping money stashed overseas. Those roles are now reversed with the disclosure that President Barack Obama’s pick to run the Commerce Department does the same thing.
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Wal-Mart Stores Inc. can’t block investors from using publicly disclosed internal files in lawsuits that claim directors failed to properly oversee executives accused of bribing Mexican officials, a judge said.
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Barclays Plc won dismissal of a lawsuit by holders of its American depositary receipts who claimed the U.K. bank misled shareholders about its manipulation of the London Interbank Offered Rate, or Libor.
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