Legal

The federal judge overseeing Detroit's bankruptcy set the first hearing in the case for Wednesday after the city urged him to stop pensioners from filing lawsuits that could gum up plans to restructure billions of dollars in debt.

Lobbying expenses for the Financial Industry Regulation Authority came to $450,000 in the first half of 2013, $100,000 less than it spent during the same period of 2012.

The rule would require reporting CEO compensation as a multiple of median-worker pay.

The Financial Stability Board of the G20 has released a list of global insurers that it says need stringent operational oversight because of their potential for disrupting financial markets.

The nations largest multi-employer pension fund is also one of its most troubled.

A new standard is in the works, likely imposing what many fear as unnecessary and potentially costly regulations.