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UPDATE 5-American Apparel files for bankruptcy, operations to continue
... * Secured lenders to provide about $90 mln in DIP financing. * Expects to cut debt to $135 mln from $300 mln. * Expects to complete the restructuring within six months (Adds comments from bankruptcy attorney, Standard General).
Largest retailer bankruptcies of last decade  Fortune
American Apparel Files For Bankruptcy  Forbes
Financial Times  
Multitasking Could Hamper Jack Dorsey at Twitter
Twitter's new chief executive is flapping with one wing tied behind his back. Jack Dorsey, a Twitter co-founder, is the microblogging site's permanent chief executive, the company said on Monday - oddly after waiting five days to reveal its decision ...
Jack Dorsey is officially back as Twitter chief executive. What does that ...  Washington Post
Co-founder Jack Dorsey Named Permanent CEO of Twitter  TIME
Workers attack Air France managers, forcing them to flee
PARIS - Union activists protesting nearly 3,000 proposed layoffs at Air France stormed the headquarters during a meeting Monday, zeroing in on two managers who had their shirts torn from their bodies, scaled a fence and fled under police protection.
French airline workers attack execs over job cuts  CNN
Workers attack Air France managers after company cuts nearly 3000 jobs  The Indian Express
Out-of-network ATM fees, overdraft charges hit record, new survey says
It's costing consumers more and more to get ahold of their own money. The average fee consumers pay to withdraw cash from an ATM outside their bank's network is a record $4.52 per transaction, according to a new survey from Bankrate.
ATM fees soar to new high  Washington Post
ATM Fees Hit New Record High of $4.52
UPDATE 3-US says BP to pay $20 bln in fines for 2010 oil spill
(Adds details on BP's settlements). WASHINGTON Oct 5 (Reuters) - BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind ...
BP Settlement Spreads Out Payments Over Years  Wall Street Journal (blog)
BP settlement will cost $20.8 billion, Justice Department says  Washington Post
OECD patches up the leaky global tax system
It is wise not to expect dramatic breakthroughs when confronting something as hydra-headed as international tax avoidance. Solid, rather than spectacular progress is what the Base Erosion and Profit Shifting project (BEPS) was set up to achieve ...
Top economies move toward crackdown on corporate tax dodging  Los Angeles Times
#BEPS: Big Change In Global Taxation
New York regulator issues license to Winkelvoss bitcoin venture
NEW YORK Gemini Trust Company, founded by investors Tyler and Cameron Winklevoss, has been granted a license to operate as a chartered limited liability trust company by the New York State Department of Financial Services, the state regulator ...
New York state regulator issues license to bitcoin exchange
Winklevoss twins prepare to launch bitcoin exchange  Financial Times
UPDATE 1-US Supreme Court rejects appeal from Madoff Ponzi scheme victims
(Adds background on case, paragraphs 3-8). By Lawrence Hurley. WASHINGTON Oct 5 (Reuters) - The U.S. Supreme Court on Monday declined to hear an appeal by victims of Bernie Madoff's multibillion-dollar Ponzi scheme who were seeking inflation or ...
Did the Supreme Court Just Rewrite Preet Bharara's Legacy on Wall Street ...  Bloomberg
Supreme Court Won't Challenge New York's Vaccine Requirements for ...  TIME
India home to most poor, but poverty rate lowest: World Bank
India was home to the largest number of poor in 2012, but its poverty rate was one of the lowest among those countries with the largest number of poor, according to a new World Bank report.
There is good news on global poverty  Livemint
World poverty rate to fall below 10% for the first time  CNNMoney
Suncor Announces Hostile Takeover Bid for Canadian Oil Sands
OTTAWA - Apparently looking to exploit the collapse of oil prices, Suncor, the largest integrated energy company in Canada, announced a hostile takeover bid for Canadian Oil Sands on Monday that it valued at 6.6 billion Canadian dollars.
UPDATE 4-Suncor launches hostile bid for Canadian Oil Sands  Reuters
Canadian Oil Sands Responds to Unsolicited Offer  MarketWatch