Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.

The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.

William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.

The European Union weighs options regarding the military wing of Hezbollah as Britain persuaded its peers to blacklist the Shi'ite Muslim group's military wing.

America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.

Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.

The Namibian Competition Commission has successfully handled 221 mergers and acquisitions from its inception in 2009.

Insurance companies would deal with major payouts due to Spain train crash. Allianz, an insurance company from Germany, would deal with a huge bill for compensation payments after the deadly train crash that happened in Spain.

Entrepreneurs said that the proposed SEC rule requiring private placement issuers to file solicitation materials with the SEC will result to startups raising less capital.

Authorities from Russia probed Google for possible tax evasion and privacy regulations. The Russian government initiated an investigation on the local unit of the world's most popular search engine, Google.