A judge for the US District Court of the District of Columbia on Friday remanded a rule that would have limited positions on derivatives for 28 commodities, saying that the US Commodity Futures Trading Commission (CFTC) must resolve ambiguities to determine if it has authority to make the rule. The rule, promulgated by the CFTC [...]

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Mexico’s Chamber of Deputies expressed initial approval Friday for a labor reform bill that seeks to improve the transparency of Mexico’s trade unions and make labor regulations more flexible. The bill was a bipartisan effort between the conservative outgoing National Action Party (PAN) and the more liberal incoming Institutional Revolution Party (PRI) . The bill [...]

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The Swiss Parliament voted 93-87 on Friday against a bill which would ban burqas and other face coverings in public places. Proponents of the bill argued that banning burqas would promote gender equality and improve national security. Those against the bill argued that it was an excessive measure because so few women in Switzerland wear [...]

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Bank of America (BOA) announced Friday that it has agreed to pay $2.43 billion to settle a class action lawsuit with investors over its $18.5 billion acquisition of Merrill Lynch in January 2009. Investors alleged that BOA failed to disclose information about Merrill and made misrepresentations about Merrill’s financial health. BOA stated that it denied [...]

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Lawyers for Arizona Governor Jan Brewer on Thursday announced the state’s plan to appeal a preliminary injunction currently blocking the provision of the controversial Arizona immigration law that criminalizes the harboring and transportation of illegal immigrants. The part of the law in question makes it illegal to transport, shield or harbor an illegal immigrant within [...]

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