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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Sep 15, 2009

Page

11

U.S.-China tire dispute unlikely to trigger global trade war

Washington cautions that Beijing and Washington may avoid a full trade war despite China's WTO complaint over U.S. tariffs on Chinese tires. Analysts say both economies depend on each other and will seek negotiations as markets react cautiously to Beijing’s challenge ahead of a G20 summit.

U.s.-China Washington D.C China U.S United States World Trade Organization Barack Obama Gary Hufbauer Peterson Institute New York Obama White House Beijing WTO Pittsburgh North Korea Iran USS AES Corp The Wall Street Journal China Investment Corp Sovereign Wealth Fund Virginia Power Company

Judge rejects $33 million Bank of America bonus settlement

U S District Judge Jed Rakoff called the proposed consent judgment inadequate and said the 33 million penalty was trivial for a false statement affecting the Merrill Lynch merger. He set a February 1 trial date as the SEC had charged Bank of America with misleading shareholders about bonuses. Charlotte based Bank of America had agreed to acquire Merrill in a shotgun deal during the credit crisis, with $3.6 billion in bonuses accelerated before closing. Neither firm commented on the ruling.

New York Securities and Exchange Commission Bank of America Corp Merrill Lynch U.S Jed Rakoff Rakoff SEC Bank of America Charlotte N.C

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