A federal securities regulator on Thursday called for an end to the long-running debate over whether the United States should switch to global accounting standards, saying alternatives should be explored that incorporate the best of the U.S. rules.
The global financial system is safer but there is no room for complacency because of concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday.
The former chief executive and founder of hipster clothing brand American Apparel Inc (APP.A), Dov Charney, is claiming $40 million in damages for a breach of employment contract, his attorney said.
A young German co-pilot locked himself alone in the cockpit of Germanwings flight 9525 and set it on course to crash into an Alpine mountain, killing all 150 people on board including himself, prosecutors said on Thursday.
