The trustee liquidating Lehman Brothers Holdings Inc's brokerage unit has agreed with Pacific Investment Management Co unit to resolve $187.4 million of the money management firm's customer claims, likely at a fraction of their estimated value.
The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington.
(Reuters) - Mexico's Supreme Court on Friday elected a new president with justices narrowly backing a career judge over another candidate who had worked for decades as a lawyer.
Cuban performance artist Tania Bruguera was freed on Friday after three back-to-back detentions in three days, and after more than a thousand artists worldwide signed an open letter to Cuban President Raul Castro calling for her release.
