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The late Justice Scalia's natural, yet sudden death, caused anxiety and mixed reactions in the U.S. Senate as they await for a rightful nominee to replace him in the position of Associate Justice of the Supreme Court of the United States.

Cliffs Natural Resources Inc's bondholders are suing the company over a bond exchange offer in January. The litigation took place after the Cliffs commodity prices went down and aimed at reducing the company's debt.

SEC approved the budget of the independent accounting board on Tuesday. The budget is allotted for the auditing watchdog that observes the function of the leading United States accounting firms.