Austria’s Heta says winding down of assets progressing well
VIENNA (Reuters) – Austrian “bad bank” Heta Asset Resolution [HAABI.UL] said it made good progress in selling assets in the first half 2016 and confirmed that it was hoping to wind down the vast majority of its property, machines and bad loans by the e…
Petrobras voluntary layoff program accepted by 6,100 employees: source
SAO PAULO (Reuters) – A voluntary layoff program at state-run oil company Petroleo Brasileiro SA has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters.
U.S. judge to rule Friday on extended halt to Caesars lawsuits
CHICAGO (Reuters) – A U.S. judge said in Chicago bankruptcy court he will decide whether to extend a halt on lawsuits against Caesars Entertainment Corp by bondholders who are seeking some $11 billion in claims on Friday at 3 p.m. CDT (1600 ET).
Volkswagen to spend at least $1.2 billion to compensate U.S. dealers: sources
WASHINGTON (Reuters) – Volkswagen AG has agreed to spend more than $1.2 billion to compensate its 650 U.S. dealers for their losses from the German automaker’s diesel emissions scandal, two sources briefed on the matter said on Thursday.
Oil up on U.S.-Iran scare, dollar; Saudi output stance cuts gains
NEW YORK (Reuters) – Oil prices rose 1 percent on Thursday on U.S.-Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. Federal Reserve chair.
Wells Fargo to pay homeowners $3.45 million over mailing error
(Reuters) – A Wells Fargo & Co mortgage unit will pay $3.45 million to some customers because of a processing error that delayed the mailing of letters to almost 8,000 homeowners in bankruptcy and shortened their notice period about changes to monthly mortgage payment amounts, according to a court document.
GameStop quarterly revenue misses on weak video game sales
(Reuters) – GameStop Corp , the world’s largest retailer of video games, reported a lower-than-expected quarterly revenue, hurt by lower sales of new gaming software and hardware.
Vivendi keeps negotiating with Mediaset despite public spat: sources
PARIS/MILAN (Reuters) – French media giant Vivendi and Italian broadcaster Mediaset are negotiating behind closed doors to forge an alternative partnership despite an ongoing war of words over a disputed pay-tv deal, three sources close to the matter…
U.S. agency rolls out refinance program for homeowners
NEW YORK (Reuters) – The regulator of Fannie Mae and Freddie Mac unveiled on Thursday a program aimed at homeowners who are paying their mortgages on time but whose loan-to-value (LTV) ratios are too high to qualify for traditional refinance programs….
August U.S. auto sales seen down 5.2 percent; 2015 was peak: forecasters
DETROIT (Reuters) – August U.S. auto sales will be 5.2 percent below a year ago, adding to evidence that the peak of industry sales was in 2015, consultancies J.D. Power and LMC Automotive said on Thursday.
