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Wall Street Groups Sue to Block ‘Unworkable’ Fiduciary Rule
published Jun 2nd 2016, 5:48 pm, by Katherine Chiglinsky and Elizabeth Dexheimer (Bloomberg) — Wall Street and business lobbying groups have teamed up to fight the Obama administration’s new rules for U.S. brokers managing retirement accounts, saying the regulations include a “ deliberately unworkable” fiduciary standard. The U.S. Chamber of
Oil Trades Near $50 as Glut Seen Persisting Amid Slowing Demand
©2015 Bloomberg News NSJY7H6KLVR9 (Bloomberg) — Oil in London traded near $50 a barrel after reaching a six-month low amid speculation Iranian supplies will exacerbate a global surplus as demand from the U.S. to China slows. Brent futures gained 1.7 percent, paring a 5.2 percent fall on Monday that brought
