(Reuters)-AU.S.bankruptcyjudgecouldsoonruleonwhetherthe2009government-ledrestructuringofGeneralMotorsCoimproperlyfavoredhedgefunds,andanadverserulingcouldcosttheautomakernearly$1billion.JudgeRobertGerbermustdecidewhethera"lock-upagreement"intherestructuringsent$367milliontoagroupofhedgefundnoteholdersattheexpenseofothercreditors.Atrustrepresentingunsecuredcreditorshassuedtoundothelock-u...
WASHINGTON(Reuters)-AdealworkedoutbySenateleaderstoavoidthe"fiscalcliff"wasfarfromany"grandbargain"ofdeficitreductionmeasures.ButifapprovedbytheHouseofRepresentatives,itcouldhelpthecountrysteerclearofrecession,althoughenoughausteritywouldremaininplacetolikelykeeptheeconomygrowingatalacklusterpace.TheSenateapprovedalast-minutedealearlyTuesdaymorningtoscaleback$600billioninschedul...