U.S. Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, signaling a retightening of bank oversight is in the cards following last …
BEIRUT (AP) — A large block of Beirut’s giant port grain silos, shredded by a massive explosion two years ago, collapsed on Thursday as hundreds marched in the Lebanese capital to mark the second anniversary of the blast that killed …
SAN JUAN, Puerto Rico (AP) — A private company on Tuesday took over the transmission and distribution operations of Puerto Rico’s power authority, which has struggled with blackouts and bankruptcy, corruption and mismanagement. The takeover by Luma Energy under a …
SAN RAMON, Calif. (AP) — Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to prevent the utility’s crumbling …