Japan’s Sony Corp. halves stake in Olympus
TOKYO (Reuters) – Japan’s Sony Corp has halved its stake in camera and endoscope maker Olympus Corp and is no longer its top shareholder, according to Olympus.
New York court dismisses foreclosure lawsuit against HSBC
(Reuters) – A New York judge this week dismissed a lawsuit filed by the state’s attorney general that accused HSBC Holdings Plc of ignoring a law designed to protect homeowners from foreclosure.
Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS
NEW YORK (Reuters) – Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the fina…
GoDaddy IPO values company at $4.5 billion
(Reuters) – Web hosting company GoDaddy Inc has priced its initial public offering at $20 per share, above its previously indicated $17 to $19 per share range, valuing it at around $4.5 billion, including debt, according to underwriting sources.
Wall St. drops but S&P, Nasdaq register quarterly gains
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as energy and healthcare shares retreated, but the S&P 500 and Nasdaq registered their ninth straight quarterly advance.
Ex-Fannie Mae CEO testifies in $1 billion mortgage trial of Nomura, RBS
NEW YORK (Reuters) – Former Fannie Mae CEO Daniel Mudd testified on Tuesday in a $1 billion civil trial over losses the company suffered on mortgage-backed securities and said it did not predict the severe decline in U.S. housing prices during the fina…
Wall St. earnings estimates may not foretell currency impact
(Reuters) – Wall street analysts may be inadequately accounting for the dollar’s sharp rise in the first quarter, setting up a scenario in which some multinationals may miss already low consensus estimates – and their shares sell off as a result.
Berkshire’s Buffett says Grexit ‘may not be bad’ for euro zone: CNBC
NEW YORK (Reuters) – Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region.
Oil deepens loss on Iran talks; Brent ends March down 12 percent
NEW YORK (Reuters) – Oil fell for a third straight session on Tuesday, with Brent crude tumbling 12 percent for the month, as world powers entered into intense negotiations with Iran for a nuclear deal that could bring more of its oil to an oversupplie…
RadioShack co-branding of stores with Sprint wins court approval
(Reuters) – A plan to salvage RadioShack Corp’s business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp earned U.S. bankruptcy court approval on Tuesday, ending four days of contested court hearings.
