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U.S. judge grants Hanjin temporary protection from U.S. creditors

September 7, 2016 by · Leave a Comment 

Korean shipping line Hanjin Shipping Co Ltd won an order on Tuesday from a U.S. judge extending bankruptcy protections so its vessels can dock at U.S. ports without fear creditors will try take actions against the ships as they have in other countries. U.S. Bankruptcy Judge John Sherwood approved a motion by the world's seventh largest container carrier that sought to extend to the United States the protection from creditors that…

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U.S. judge grants Hanjin temporary protection from U.S. creditors

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Fed’s Williams sees ‘unsustainable tension’ on pot-related banking

September 7, 2016 by · Leave a Comment 

RENO, Nev. (Reuters) – As more and more states legalize the use of marijuana, which is banned under U.S. federal laws, banks are facing “unsustainable tension” that needs to be resolved by Congress, San Francisco Fed President John Williams said on Tuesday. “This is a big issue for this country,” Williams said…

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Fed’s Williams sees ‘unsustainable tension’ on pot-related banking

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

September 7, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG's secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands on claims plaintiffs lawyers made in August, when they alleged Bosch was a “knowing and active participant” in Volkswagen's decade-long scheme to…

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers