High home ownership linked to high unemployment: study
LONDON (Reuters) – High levels of home ownership are strongly linked to subsequent rises in unemployment because labor mobility becomes reduced, according to new research.
INSIGHT-Chinese investors sour on Brazil, and projects melt away
SAO PAULO (Reuters) – For Chinese investors, Brazil is no longer the promised land.
Google, Samsung, Huawei sued over Nortel patents
SAN FRANCISCO (Reuters) – The group that owns thousands of former Nortel patents filed a barrage of patent lawsuits on Thursday against cell phone manufacturers including Google, the company it outbid in the Nortel bankruptcy auction.
Walmart kicks off online holiday deals early in intense season
NEW YORK (Reuters) – U.S. retailers facing the shortest holiday season in years are preparing to assail customers with deals and promotions this week, before they have even digested their Halloween candy.
Fannie Mae sues nine banks for rigging Libor
NEW YORK (Reuters) – Fannie Mae sued nine of the world’s largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
U.S. Navy cancels notice on possible F/A-18 fighter jet order
WASHINGTON (Reuters) – The U.S. Navy on Thursday canceled a notice about a possible order of up to 36 more Boeing Co F/A-18 fighter jets or EA-18G electronic warfare planes after the posting on a federal procurement website sparked confusion this week….
Ziff Brothers Investments expected to close U.S. hedge fund: report
NEW YORK (Reuters) – New York-based Ziff Brothers Investments plans to gradually shut down its U.S. hedge fund, the Wall Street Journal reported on Thursday.
Wells Fargo settles mortgage claims with U.S. government for under $1 billion: FT
(Reuters) – Wells Fargo & Co , the fourth-largest U.S. bank, has settled claims with a U.S. government agency over bad mortgages the bank sold ahead of the financial crisis, the Financial Times reported on Thursday.
Ex-Madoff trader implicates other workers in decades-long fraud
NEW YORK (Reuters) – A former trader at Bernard Madoff’s investment firm described on Thursday how he helped create false trades with two other former employees to prop up Madoff’s $17 billion Ponzi scheme.
Asian shares slip after upbeat U.S. data
TOKYO (Reuters) – Asian shares edged down and the dollar inched higher in early trade on Friday after upbeat U.S. economic data prompted some investors to price in a less dovish policy outlook for the U.S. Federal Reserve.
