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China sacks senior officials for deadly factory blast

China's government has sacked two senior officials and will prosecute 18 others following an explosion in August at a car parts factory that killed 146, the country's worst industrial accident this year, state media reported.

Fitch: MetLife's SIFI Designation Is Credit Neutral

(The following statement was released by the rating agency) CHICAGO, December 22 (Fitch) Last week's decision by the U.S. Financial Stability Oversight Council (FSOC) to designate MetLife (Insurer Financial Strength: AA-, Stable Outlook) a nonbank systematically important financial institution (SIFI) is neutral to the credit ratings of the company, says Fitch Ratings. The FSOC had already announced a preliminarily decision to designate MetLife a nonbank SIFI on Sept. 4; thus, the FSOC's re

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