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Cliffs Natural Resources Inc's bondholders are suing the company over a bond exchange offer in January. The litigation took place after the Cliffs commodity prices went down and aimed at reducing the company's debt.

SEC approved the budget of the independent accounting board on Tuesday. The budget is allotted for the auditing watchdog that observes the function of the leading United States accounting firms.

People suing General Motors Co over a faulty ignition switch will get two chances in Manhattan court this week to fight with GM. They will argue that the company should be held accountable for injuries, deaths, and lost vehicle value.