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Puerto Rico Governor Ricardo Rosselló said yesterday that he would not implement pension cuts and changes to employment rules sought by the bankrupt...
A number of distressed-debt hedge funds are abandoning traditional loan-to-own strategies after years of low interest rates resulted in meager...
Bridgeport Health Care Center Inc., a Connecticut nursing home sued by the federal government over allegations it diverted millions of dollars from...
The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three...
Wells Fargo & Co. is close to settling claims by federal regulators related to its risk management, involving a fine of as much as $1 billion,...
Federal Reserve Governor Lael Brainard warned against dismantling banking regulations designed after the financial crisis as she identified growing...
British bank regulators today fined James E. Staley, the chief executive of Barclays, over his attempt to unmask a whistle-blower within the bank,...
Fairfax Financial Holdings Ltd., the investment firm run by billionaire Prem Watsa, signed an agreement to buy the Canadian unit of Toys “R...
Wage talks between General Motors’ South Korean unit and its labor union ended without an agreement yesterday, a day before the deadline the...
The losing bidder on a deal to repair Puerto Rico’s storm-damaged power grid is disputing the contract award while residents grappled yesterday...