AIG settles with former executive before $274 million pay trial
NEW YORK (Reuters) – American International Group Inc has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008.
SocGen plans 375 job cuts across Europe: union
PARIS (Reuters) – French bank Societe Generale plans to cut 375 jobs across Europe in its securities-services business, a staff union said in a newsletter posted online after meeting with management.
Twitter likely to price above expected $25 range: sources
(Reuters) – Twitter Inc is likely to price its hotly anticipated initial public offering later on Wednesday above an already bumped-up target range, according to sources familiar with the process.
Dish Network to close all Blockbuster stores, lay off 2,800
(Reuters) – Dish Network said on Wednesday it will close all 300 or so retail locations of the Blockbuster video rental chain by January, closing a chapter on a brand that failed to compete in the digital world.
Regulator asks Generali to re-assess ex-managers’ actions
MILAN (Reuters) – Italian insurance regulator IVASS has asked Generali to carry out a new assessment of actions by two former top executives to see whether there is a case for legal action, Generali said in a statement on Wednesday.
SocGen plans 375 job cuts across Europe: union
PARIS (Reuters) – French bank Societe Generale plans to cut 375 jobs across Europe in its securities-services business, a staff union said in a newsletter posted online after meeting with management.
Wells Fargo settles federal mortgage claims for $335 million
(Reuters) – Wells Fargo & Co. said on Wednesday that it had reached a $335 million settlement with a U.S. government agency over claims that it had misled certain investors in the bank’s mortgage bonds.
NYMEX traders allege big firms manipulated Brent oil prices
LONDON (Reuters) – Four NYMEX traders have alleged that the North Sea Brent crude oil market has been manipulated by oil majors and trading houses since at least 2002, in a class action they brought in the wake of a wide ranging European Commission inq…
Solar company Suntech takes step towards final wind-down
(Reuters) – China’s Suntech Power Holdings Co Ltd , once the world’s largest maker of solar panels, filed for provisional liquidation, signaling that it may go out of business after years of steep declines in panel prices.
Co-op Bank was ‘encouraged’ to buy Lloyds branches: ex chairman
LONDON (Reuters) – Britain’s Co-operative Bank was ‘encouraged’ but not pressured by the government to buy hundreds of branches from Lloyds before its 1.5 billion pound ($2.4 billion) capital shortfall was exposed, its former chairman told lawmakers on…
