Citigroup, AT&T end litigation over ‘thanks’
NEW YORK (Reuters) – Citigroup Inc and AT&T Inc have ended a court battle over whether the “AT&T thanks” customer loyalty program infringed Citigroup’s trademark in the phrase “thankyou.”
Former Fannie Mae CEO settles crisis-related lawsuit with SEC
WASHINGTON/NEW YORK (Reuters) – In one of the U.S. Securities and Exchange Commission’s biggest cases tied to the 2008 financial crisis, former Fannie Mae Chief Executive Daniel Mudd has reached a settlement with regulators, according to court papers …
U.S. appeals court declines to reconsider Bank of America ruling
NEW YORK (Reuters) – A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis.
U.S. appeals court strikes down Ernst & Young class action waiver
(Reuters) – Ernst & Young LLP [ERNY.UL] cannot require its employees to give up their rights to pursue work-related claims together, a federal appeals court ruled on Monday, giving a major boost to the U.S. National Labor Relations Board’s campaign against so-called class action waivers.
Ex-Comverse CEO returning to U.S. to plead guilty in stock fraud
NEW YORK (Reuters) – Ending a decade on the run, the former chief executive officer of Comverse Technology Inc who fled to Africa to avoid a fraud prosecution over a stock options scandal is returning to the United States to plead guilty.
GM asks judge to throw out ignition switch case over ‘fabricated’ key
NEW YORK (Reuters) – General Motors Co on Monday asked a Texas judge to throw out a lawsuit over a fatal 2011 crash blamed on a faulty ignition switch, accusing plaintiffs and their lawyers of fabricating evidence about the vehicle’s key during the ongoing trial.
Boeing internal forecast sees 535 jetliner sales in 2016, below target: AvWeek
SEATTLE (Reuters) – Boeing Co aims to sell 535 jetliners this year, Aviation Week reported on Monday, citing an internal company forecast, well below the plane maker’s official forecast of 740 to 745 aircraft.
AT&T signs deal to offer roaming services in Cuba
(Reuters) – AT&T Inc , the No.2 U.S. wireless carrier, said it had signed a deal with Cuba’s state-owned telecoms provider to offer direct roaming services to its customers visiting Cuba.
General Electric to submit bid for Areva’s Adwen on August 24 – media
PARIS (Reuters) – General Electric plans to submit a bid as early as Thursday to acquire French wind power group Adwen, jointly owned by Spain’s Gamesa and France’s Areva , weekly magazine La Lettre de l’Expansion reported on Monday.
BlackRock upgrades outlook for emerging market stocks
NEW YORK (Reuters) – BlackRock Inc said on Monday it is upgrading its view on emerging market stocks, adding that the equities will continue thriving as central banks keep interest rates low.
