International Monetary Fund Managing Director Christine Lagarde averted being charged by a Paris court investigating her decision to allow arbitration that benefited a supporter of former President Nicolas Sarkozy.
The collapse of a U.S. interstate highway bridge north of Seattle highlights the deteriorating state of the country’s infrastructure, even following $48.1 billion in economic stimulus funds and a 2007 fatal bridge failure in Minnesota.
PJM Interconnection LLC, which runs the largest U.S. power grid, said consumer costs to insure adequate generating capacity in the year starting June 2016 will drop 56 percent amid competition from new plants fueled by natural gas.
The dollar erased losses against the euro, trimming a weekly decline, as a higher-than-forecast increase in orders for U.S. durable goods added to speculation the Federal Reserve may slow monetary stimulus this year.
Fannie Mae is snatching potential profits away from mortgage lenders as it posts record earnings that are fueling industry concern the government-backed company is regaining its swagger even as lawmakers plot its demise.