UPDATE 2-Tribune finally wins court OK to exit bankruptcy
* Chicago Tribune, LA Times owner filed Chapter 11 in 2008
UPDATE 3-Visa, MasterCard, banks in $7.25 bln retail settlement
NEW YORK, July 13 - Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
INSIGHT-PFGBest regulator known for inexperienced auditors
WASHINGTON/CHICAGO, July 13 - The watchdog that missed for nearly two decades the blatant fraud at failed brokerage PFGBest has frequently sent out fresh college graduates to look over the books of complex financial firms, people familiar with its operations say.
UPDATE 6-With ego too big to fail, Iowa broker admits 20yr fraud
* Federal complaint alleges false statements from 2010-2012
UPDATE 1-Broker scandals demand futures industry reform, CME says
* CME questions whether brokers should hold customer money
Tribune finally wins court OK to exit bankruptcy
* Chicago Tribune, LA Times owner filed Chapter 11 in 2008
UPDATE 2-Visa, MasterCard, banks in $7.25 bln retail settlement
NEW YORK, July 13 - Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
UPDATE 5-With ego too big to fail, Iowa broker admits 20yr fraud
* Federal complaint alleges false statements from 2010-2012
Czech MPs approve plan to return church property
PRAGUE, July 13 - The Czech Republic is to return property seized from churches during the 1948-1989 communist era under legislation approved by its lower house of parliament on Friday, a major step towards ending years of wrangling over the fate of the assets.
Buffett sees more municipal bankruptcies likely
July 13 - Billionaire-investor Warren Buffet said on Friday bankruptcies by three California cities in three weeks are making traditionally objectionable Chapter 9 municipal bankruptcy filings more palatable to local governments in financial crisis.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,777.09 |  +203.82 |
+1.62% |
| S&P; 500 | 1,356.78 | +22.02 |
+1.65% |
| NASDAQ | 2,908.47 | +42.28 |
+1.48% |
| TR US Index | 122.73 | +1.96 |
+1.62% |
-18.85Sector Summary
| Energy | +1.66% |
| Basic Materials | +1.94% |
| Industrials | +1.48% |
| Cyclical Goods & Services | +1.37% |
| Non-Cyclical Goods & Services | +1.09% |
| Financials | +1.75% |
| Healthcare | +1.12% |
| Technology | +1.39% |
| Telecoms | +1.67% |
| Utilities | +0.99% |
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