US Bank, Bank of America win dismissal of mortgage claims
NEW YORK (Reuters) – U.S. Bancorp and Bank of America Corp won a dismissal of claims in lawsuits accusing them of breaching their duties as trustees for residential mortgage-backed securities that suffered losses tied to the global financial crisis.
Greece nears debt deal in May as money runs low
ATHENS (Reuters) – Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country’s finance minister said on Monday, as worries persist over a possi…
Dow, S&P close at record highs as rate-hike angst abates
(Reuters) – The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.
Deutsche Bank retail chief Neske will quit: Handelsblatt
BERLIN (Reuters) – Deutsche Bank’s retail banking chief Rainer Neske will resign because he opposes the lender’s restructuring program, Handelsblatt reported on Monday, citing unnamed sources in the finance industry.
Oil down as firmer dollar, ample supplies offset Mideast turmoil
NEW YORK (Reuters) – Oil slipped on Monday as a rallying dollar and concerns of growing oversupply weighed on the market after Saudi Arabia reported its highest crude exports in nearly a decade.
Apple gets partial win on appeal in Samsung patent case
NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd , as a prior patent infringement verdict was upheld but a t…
Icahn says ‘dramatically undervalued’ Apple should trade at $240
(Reuters) – Billionaire investor Carl Icahn said on Monday Apple Inc’s stock was “still dramatically undervalued” and that it should be trading at $240, nearly double its current price.
U.S. economy isn’t as weak as estimates suggest, Fed paper says
SAN FRANCISCO (Reuters) – The U.S. economy is probably not as weak as current estimates suggest, a paper published Monday by the Federal Reserve Bank of San Francisco said, potentially adding to arguments for raising interest rates sooner rather than l…
U.S. court should protect privacy of RadioShack customers: FTC
WILMINGTON, Del (Reuters) – The U.S. Federal Trade Commission on Monday urged a bankruptcy court to protect information that RadioShack Corp collected from tens of millions of customers before the retailer filed for Chapter 11.
Planemaker Dassault to double Rafale output in two-to-three years if India buys
GENEVA (Reuters) – Dassault Aviation will double production of its Rafale combat jet within two to three years of the completion of a planned sale to India, its chief executive said on Monday.
