Archives

Bankrupt U.S. companies would have more leeway to impose restructuring plans over creditors’ objections under new recommendations by a commission to overhaul Chapter 11 bankruptcy rules.

New Mexico regulators on Saturday hit the U.S. government with more than $54 million in fines for violations at a nuclear waste facility where a fire broke out and radiation was released in two mishaps earlier this year.

Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts.