If elected New York City comptroller, Eliot Spitzer has vowed to wield power as aggressively as he did as state attorney general, leading some in the financial community to worry that the "Sheriff of ... more 
If elected New York City comptroller, Eliot Spitzer has vowed to wield power as aggressively as he did as state attorney general, leading some in the financial community to worry that the "Sheriff of Wall Street" might be back. Isabella de Krassny, a leading shareholder of insolvent German home improvement retailer Praktiker is considering buying out banks in a move to save the company. deKrassny said, "An insolvency is not the end. Together with other investors we are considering buying the loans held by banks." She and her husband Alain de Krassny together own about 15 percent of Germany's No. 3 DIY chain. The official Xinhua News Agency corrected a dispatch that quoted the finance minister as saying growth could be 7 percent this year, in an apparent attempt to defuse market worries on a more severe slowdown. Xinhua's corrected story clarified that Minister Lou Jiwei, speaking in Washington, said: "There is no doubt that China can achieve this year's growth target of 7.5 percent". That amounted to repeating the official target set in March for the world's second largest economy when the new government took office. less 
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Sat, Jul 13, 2013 10:00 AM EDT