U.S. can pursue mortgage fraud case versus Texas broker: judge
(Reuters) – A judge has rejected the former Allied Home Mortgage Capital Corp’s effort to dismiss a lawsuit accusing it of defrauding the U.S. government into insuring tens of thousands of risky mortgage loans, hurting taxpayers and forcing thousands o…
Diluted Mexico tax reform gives retailers relief but no panacea
MEXICO CITY (Reuters) – Mexico’s retailers dodged a bullet when the government shied away from including a sales tax on food and medicine in a proposed fiscal overhaul, but the watered-down reform could end up hurting them.
Wall Street rises on Syria talks, Apple falls further
NEW YORK (Reuters) – U.S. stocks closed higher on Wednesday, with the S&P 500 up for a seventh straight day, as geopolitical fears eased amid diplomatic efforts to allow Syria to surrender its chemical weapons, averting a U.S. military strike.
Facebook shares break $45 for first time since 2012 IPO
SAN FRANCISCO (Reuters) – Shares of Facebook Inc rose more than 3 percent to a new high Wednesday, valuing the world’s No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances ahead of a speech by its chief e…
Wall Street regulator to review signing bonus disclosure plan
(Reuters) – Wall Street’s watchdog will present a plan to its board next week that would require brokers that get a bonus to switch firms to disclose that fact to clients they want to bring with them, according to an agenda posted on the regulator’s we…
Lockheed acquires Amor group as part of global expansion plan
WASHINGTON (Reuters) – Lockheed Martin Corp on Wednesday announced the acquisition of Scotland-based Amor Group, a privately held information technology company, saying the deal would aid its plans to expand internationally and into non-defense markets…
Monte dei Paschi sets guidelines for new restructuring plan
MILAN (Reuters) – Italy’s Monte dei Paschi di Siena said on Wednesday its board had discussed the guidelines for a new restructuring plan as it seeks to win a green light from the European Commission for a 4.1 billion euro ($5.45 billion) state bailout…
G.S. Electech executive indicted in U.S. for price fixing
WASHINGTON (Reuters) – An executive with Japanese auto parts company G.S. Electech Inc has been indicted for allegedly fixing prices and rigging bids for parts in some antilock brake systems installed in U.S. cars, the Justice Department said on Wednes…
SEC names attorney to head San Francisco office
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said Jina Choi, a 13-year veteran attorney with the agency, will head the SEC’s San Francisco office, the hub for many of the agency’s investigations into some of the country’s largest …
SEC talks on Nasdaq failure to focus on backing up system
NEW YORK (Reuters) – Federal regulators and stock exchange executives are likely to focus on the stock quotes processor behind Nasdaq’s trading halt last month, but a quick resolution of system outages or market weak spots at the meeting on Thursday is…
