Economic news
Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
The personal consumption expenditures price index for August was expected to increase 2.9% from a year ago.
How US companies try to avoid getting rinsed in bankruptcy
With distressed exchanges, Wall Street has found a way to restructure balance sheets that avoids Chapter 11
US magnet start-up targets China’s grip on rare earths
Niron Magnetics is backed by $150mn from automakers to develop technology based on abundant iron and nitrogen
Lifting the hood on First Brands’ super high-yield SPE debt
Gradually, then suddenly: off-balance-sheet finance edition
Eni among six oil companies fined €936mn over fuel price collusion
Italy’s competition watchdog imposes one of biggest penalties imposed by a national regulator in Europe