Household Debt Falls Sharply Among Younger Americans-Study

It looks like young Americans might have learned a lesson from the financial crisis. 

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Detroit retirees back pension cuts by a landslideComments Off

A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in…

Credit Suisse has $779M loss in 2Q due US tax caseComments Off

Credit Suisse AG has posted a second-quarter net loss of 700 million Swiss francs ($779 million) after paying the largest penalty ever imposed in a U.S. criminal tax case.

Imax, Shanghai Film to open 19 screens in ChinaComments Off

Imax and China’s biggest state-owned film exhibitor are teaming up to open 19 giant screen cinemas in the world’s No.

Australia Stocks Sluggish After Long ClimbComments Off

Australia stocks took mild losses in early Tuesday trading, weighed by overnight losses on Wall Street but with resource shares preventing a heavier decline.

Japan Stocks Power Up After Long WeekendComments Off

Though U.S. markets ended lower, Japan stocks came rolling back from a three-day weekend to make early Tuesday gains, with the Nikkei Average up 0.6% and the Topix up 0.7% after a string of losses last week.

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