A 15-year bond Italy sold on
Tuesday drew more than 50 billion euros ($55 billion) in orders
from investors, topping record demand seen last month for an
Italian 30-year bond and pushing the yield to its lowest level
Opponents of Philadelphia
Energy Solutions' bankruptcy plan have vowed a long legal fight
if a federal court this week approves a sale that would keep the
largest East Coast oil refinery permanently shut while paying
out bonuses to company executives.
Wells Fargo & Co Chief Executive
Charles Scharf announced his first major reshuffle on Tuesday,
promoting several executives to new roles while also tapping a
JPMorgan veteran to head consumer lending.
Germany's new appointee to the
European Central Bank's board, Isabel Schnabel, defended the
ECB's easy-money policy on Tuesday, saying that the euro zone
would be been worse off without it and it was up to others to
counter the side effects.
American households added $193 billion of
debt in the fourth quarter, driven by a surge in mortgage loans,
and overall debt levels rose to a new record at $14.15 trillion,
the Federal Reserve Bank of New York said on Tuesday.