House passes landmark financial reform bill

WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.


Court overturns only NY death sentence in 50 years

NEW YORK (Reuters) – The only federal death sentence given in New York in more than 50 years was overturned by an appeals court on Wednesday because it found prosecutors made mistakes with jurors while they decided on punishment for the convicted murderer of two policemen.

Trial opens for accused NY airport bomb plotters

NEW YORK (Reuters) – Two accused Islamist extremists were all bluster and no substance, their defense attorneys said in opening statements on Wednesday at a trial on charges they planned to bomb a New York airport.

Fund firms see second wave of M&A

MONACO (Reuters) – The asset management industry is poised for a fresh round of consolidation as economies teeter on the edge of a fresh slowdown, leaving weaker operators rescued by the 2009 rally looking vulnerable all over again.