Business

Puerto Rico has filed an appeal against local lender Doral Financial Corp over $229.9 million in disputed taxes, which Doral on Friday called "baseless".

The trustee liquidating Lehman Brothers Holdings Inc's brokerage unit has agreed with Pacific Investment Management Co unit to resolve $187.4 million of the money management firm's customer claims, likely at a fraction of their estimated value.

The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington.