U.S. probes possible overcharging by banks on foreclosure fees
NEW YORK/WASHINGTON (Reuters) – The U.S. Attorney’s office in Manhattan is investigating at least five banks over whether they overcharged the government for expenses incurred during foreclosures on federally backed home loans, filings and interviews s…
Cancer meeting a showcase for AstraZeneca drugs prized by Pfizer
LOS ANGELES (Reuters) – After thwarting a $118 billion takeover approach from Pfizer Inc, Britain’s AstraZeneca Plc will again take the spotlight this weekend when the biggest annual medical meeting for cancer doctors convenes in Chicago.
Shareholder anger simmers worldwide over bankers’ pay
LONDON (Reuters) – Investors owning almost 6 billion shares rejected the pay plans of 10 of the world’s biggest banks in recent weeks as anger over excessive bonuses reached record levels in Britain and jumped sharply from a year ago in the United Stat…
Apple to get Beats, music mogul Iovine for $3 billion
SAN FRANCISCO (Reuters) – Apple Inc will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming.
Citigroup may sell OneMain lending business late this year: CEO
NEW YORK (Reuters) – Citigroup Inc may finally be able to sell its OneMain Financial personal loan business later this year, CEO Mike Corbat said on Thursday.
Centrica faces leadership void as executive departures continue
LONDON (Reuters) – The head of Centrica’s British Gas division is leaving the company, it said on Thursday, joining other high-profile departures that leave a leadership vacuum as the group contends with public and political anger over soaring energy b…
U.S. pending home sales show signs of stabilizing
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose modestly in April, a sign of stabilization in the housing market, which had been pummeled by higher interest rates and a harsh winter.
Siemens CEO says ‘comfortable’ with Alstom bid process
FRANKFURT (Reuters) – Siemens is “comfortable” with the way the Alstom bidding process has gone so far and will continue to weigh up the risks and opportunities, its chief executive said on Thursday.
Argentina clinches landmark debt repayment deal with Paris Club
PARIS/BUENOS AIRES (Reuters) – Argentina reached an agreement on Thursday with the Paris Club of creditor nations on repaying overdue debts in a landmark deal that helps the country put its record default behind it and should open up much-needed source…
Former Morgan Stanley chief John Mack to quit Rosneft board
MOSCOW (Reuters) – John Mack, a former chief executive and chairman of Morgan Stanley, has decided to leave the board of Russia’s top oil producer, Rosneft, for personal reasons, the Kremlin-controlled company said on Thursday.
