Breaking News:

Finance Latest News: Caroline Kennedy, Catching the Torch

Now watching

Next video starts in : 7 Play

Finance Latest News: Caroline Kennedy, Catching the Torch

Finance Latest News: Caroline Kennedy, Catching the Torch
Replay video
Up next

Lew warns China on antitrust probes

Lew warns China on antitrust probes Up next

Lew warns China on antitrust probes

Unlock your personal NFL Now stream by signing in to NFL.com

Finance Latest News: Caroline Kennedy, Catching the Torch

Wochit 1:12 mins

The Obama administration nominated Caroline. Kennedy as the next United States ambassador to Japan, which would give her the kind of formal public role many have long predicted for her. The municipal bond market's self-regulator said the Detroit emergency manager's proposed treatment of general obligation bonds in the city's bankruptcy case risks changing how investors view what has long been considered the safest class of municipal debt. Kevyn Orr, Detroit's state-appointed manager, has said that general obligation bondholders will remain unsecured creditors in the $18.5 billion bankruptcy filing. Activision Blizzard Inc's CEO Bobby Kotick, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing.

View Comments (84)