Murdoch says he cannot buy Tribune or LA Times
LOS ANGELES (Reuters) – Twenty-First Century Fox cannot buy publisher Tribune Co or its Los Angeles Times newspaper, Fox Chief Executive Rupert Murdoch wrote on Twitter on Friday, citing U.S. laws on media ownership.
Visa, MasterCard lose ruling versus retailers over credit card fees
NEW YORK – A federal judge declined on Friday to dismiss antitrust lawsuits filed against Visa Inc and MasterCard Inc by retailers who opted out of an estimated $5.7 billion class action settlement in 2012 over transaction fees.
GE’s $3 billion credit card IPO pegged to U.S. consumer recovery
(Reuters) – The success of General Electric Co’s impending initial public offering for its private-label credit card unit could ride on investors’ willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
Allegiant computer outage resolved; 26 flights affected
(Reuters) – Allegiant Travel Co, the parent of Allegiant Air, said on Friday that a computer outage that affected 26 flights and 4,000 passengers has been resolved, and its systems are back to normal.
For big U.S. banks, June’s trading bonanza may not persist: executives
NEW YORK (Reuters) – U.S. banks posted stronger-than-expected trading results in the second quarter due to surprisingly active markets in June, but bank executives stopped short of saying the good times would continue.
Stanford’s Ponzi victims cannot file compensation claims: U.S. court
WASHINGTON (Reuters) – A U.S. appeals court dealt a blow to the victims of financier Allen Stanford’s Ponzi scheme on Friday, ruling that they were not eligible under federal law to file claims seeking compensation for their losses.
Sotheby’s to cut jobs to cut costs
(Reuters) – Sotheby’s said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board.
Corinthian Colleges to be monitored by ex-U.S. Attorney Fitzgerald
(Reuters) – Former federal prosecutor Patrick Fitzgerald agreed to serve as an independent monitor of Corinthian Colleges Inc, the struggling for-profit education company that agreed to sell or close its campuses, the U.S. Department of Education said …
Exclusive: Morgan Stanley rebuilds in commodities trading
NEW YORK (Reuters) – After more than a year of scaling back in commodities, Morgan Stanley is ready to expand.
Mitsubishi recalls Lancer sedans with Takata air bags
DETROIT (Reuters) – Mitsubishi Motors Corp is recalling cars made with Takata Corp air bags in Florida, Hawaii, Puerto Rico and the U.S. Virgin Islands. Mitsubishi is one of nine automakers to say it will conduct a recall that includes those areas.
