Ally settles U.S. regulators’ mortgage securities claims
NEW YORK (Reuters) – Ally Financial Inc, the former parent of bankrupt Residential Capital LLC, has agreed to settle lawsuits by two U.S. regulators over alleged misstatements about its residential mortgage-backed securities.
U.S. Steel to partially shut Ontario mill
TORONTO (Reuters) – United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year.
U.S. House passes bill to delay fiduciary rules at SEC, Labor Dept
WASHINGTON (Reuters) – The U.S. House of Representatives passed a controversial bill on Tuesday that would delay two government regulators from adopting rules requiring stock brokers and retirement account financial advisers to put their customers’ int…
Adobe data breach more extensive than previously disclosed
BOSTON (Reuters) – Adobe Systems Inc said on Tuesday that the scope of a cyber-security breach disclosed nearly a month ago was far bigger than initially reported, with attackers obtaining data on more than 38 million customer accounts.
JPMorgan’s $13 billion deal hits stumbling blocks: sources
(Reuters) – JPMorgan Chase & Co and the U.S. Justice Department have hit snags in working out the final details of their $13 billion settlement over the bank’s mortgage bonds, two people familiar with the talks said.
Dow, S&P 500 end at highs on stimulus hopes, IBM
NEW YORK (Reuters) – The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback.
Goldman loses co-head of commodity trade Shenouda: memo
NEW YORK (Reuters) – Goldman Sachs global commodities co-head Magid Shenouda is leaving after 14 years at the bank, according to an internal memo seen by Reuters, the Wall Street firm’s second senior-level departure in as many weeks.
Rio Tinto’s former boss says miners were ‘too slow’ to react
LONDON (Reuters) – Mining companies were too slow to respond to changing investor demands from mid-2011 as sentiment deteriorated, failing to spot the wave of change which eventually swept out a generation of executives, the former boss of miner Rio Ti…
SAC Capital plea deal may come early next week: WSJ
NEW YORK (Reuters) – The settlement U.S. prosecutors are hammering out with SAC Capital Advisors, Steven A. Cohen’s multibillion-dollar hedge fund, over criminal charges related to insider trading could be announced early next week, the Wall Street Jou…
Sears may separate Lands’ End, Auto Center as sales slide
(Reuters) – Sears Holdings Corp is considering splitting off its Lands’ End clothing and Sears Auto Center businesses, after another quarter of declining same-store sales.
