Mutual Fund Center
Caesars bankruptcy heads to showdown with U.S. watchdog
CHICAGO, Nov 21 The U.S. government's bankruptcy watchdog objected on Monday to a Caesars Entertainment Corp subsidiary's proposal to exit Chapter 11, threatening to derail a largely consensual plan to slash $10 billion of debt.
Pension funding to weigh on Chicago's credit rating -S&P
CHICAGO, Nov 21 Chicago will maintain its low-investment grade rating with its fiscal 2017 budget that reduces a chronic deficit, but the city still faces pressures on its credit quality due to pensions and other expenses, S&P Global Ratings said on Monday.
UPDATE 2-Fidelity Investments' longtime Chairman Johnson to retire
BOSTON, Nov 21 Long-time Fidelity Investments Chairman Edward C. Johnson III will retire next month and will be succeeded by his daughter, Abigail Johnson, the company said on Monday.
BofA must face fraud lawsuit by Tutor Perini over debt sales
Nov 21 A U.S. appeals court on Monday revived a lawsuit accusing Bank of America Corp of defrauding Tutor Perini Corp by selling the construction company millions of dollars of auction-rate securities it knew were on the brink of collapse.
Wells Fargo payouts should be halted in wake of ruling-U.S. lawmakers
WASHINGTON, Nov 21 The U.S. government should go after payouts to former Wells Fargo & Co executives involved in a scandal over unauthorized accounts now that a federal regulator has said it has the power to do so, lawmakers said on Monday.