BP asks court to halt payments from Gulf oil spill settlement
HOUSTON (Reuters) – BP Plc asked a U.S. court on Monday to halt payments from its settlement agreement for the 2010 oil spill in the Gulf of Mexico until the claims administrator improves accounting and anti-fraud controls.
United Technologies combines elevator, climate businesses
(Reuters) – Industrial conglomerate United Technologies Corp said on Monday it would combine its elevator and climate segments as it seeks to capitalize on urbanization trends in China and other emerging markets.
Citigroup to cut 1,000 mortgage jobs, mostly in Las Vegas
(Reuters) – Citigroup Inc said it is eliminating about 1,000 jobs in its U.S. home mortgage business, making it the latest bank to lay off staff as higher interest rates cut into demand for new loans and refinancing.
Bankruptcy judge delays hearing on Detroit swaps deal
DETROIT (Reuters) – A U.S. Bankruptcy Court judge on Monday granted a motion by Detroit to delay a hearing on a controversial deal between the city and banks aimed at ending interest-rate swap agreements.
U.S. government to sue JPMorgan in mortgage case: sources
(Reuters) – The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a sign the bank’s legal troubles are not yet over.
South Korea to decide on $7.7 billion jet tender: Boeing or nothing
SEOUL (Reuters) – Boeing Co is favorite to win one of the world’s biggest defense deals of the year on Tuesday when South Korea names the winner of an 8.3 trillion won ($7.7 billion) fighter jet tender, with its F-15 Silent Eagle the only candidate wit…
Air France-KLM defers decision on help for Alitalia
PARIS (Reuters) – Air France-KLM deferred a decision on whether to offer more help for struggling Alitalia on Monday, saying it needed more information about its Italian partner’s finances.
Wall Street falls on Fed officials’ comments, Washington worries
NEW YORK (Reuters) – U.S. stocks declined for a third straight session on Monday as Federal Reserve officials suggested the Fed could still begin scaling back its stimulus later this year.
TD Bank to pay $52.5 million in U.S. settlements over Ponzi scheme
(Reuters) – Toronto-Dominion Bank will pay $52.5 million to settle U.S. civil regulatory charges that it failed to report suspicious activity in accounts linked to a Ponzi scheme by Florida lawyer Scott Rothstein, who is serving a 50-year prison term.
Goldcorp not ruling out deals, big capital projects
DENVER (Reuters) – Goldcorp Inc is not ruling out new takeovers and might even take a look at the big, capital-intensive gold-mining projects most likely to alarm investors, Chief Executive Chuck Jeannes told Reuters on Monday, outlining a stance that …
