U.S. consumer bureau investigating mortgage servicing problems
WASHINGTON (Reuters) – The U.S. consumer watchdog said on Wednesday it has found problems with mortgage servicing at banks and other financial firms, and in some cases has launched investigations for possible enforcement actions.
Disney’s ABC TV unit to lay off two percent of workers – source
LOS ANGELES (Reuters) – Walt Disney Co’s ABC television unit on Wednesday will begin laying off about 175 people, or 2 percent of its workforce, to adjust to changes in technology and viewing habits, a person familiar with the decision said.
U.S. judge dismisses Netflix shareholder lawsuit over streaming
(Reuters) – Netflix Inc shareholders failed to persuade a federal judge to order the dominant U.S. video rental and streaming company to pay damages for misleading them about business prospects for its streaming operations.
ICE hires banks to advise on flotation of NYSE’s Euronext: sources
LONDON (Reuters) – IntercontinentalExchange (ICE) has hired three banks to advise on the listing of Euronext, whose sale is crucial to its $8.2 billion takeover of NYSE Euronext , three sources familiar with the situation said.
Diamond Foods to pay $96 million to settle shareholder lawsuit
(Reuters) – Diamond Foods Inc will pay about $96 million to settle a lawsuit related to the restatement of its results after an accounting scandal rocked the maker of Emerald Nuts and Kettle Chips last year.
Exclusive: Tough-talking China pricing regulator sought confessions from foreign firms
BEIJING (Reuters) – A senior Chinese official put pressure on around 30 foreign firms including General Electric and Siemens at a recent meeting to confess to any antitrust violations and warned them against using external lawyers to fight accusations …
Justice Department planning new action against financial firms: report
(Reuters) – U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, the Wall Street Jour…
Staples cuts outlook after weak results abroad
(Reuters) – Staples Inc reported weaker-than-expected quarterly results on Wednesday on dismal sales in international markets such as Europe and Australia, prompting the largest U.S. office supply retailer to cut its outlook for the year.
Lloyds Banking sells German life insurer for $400 million
LONDON (Reuters) – British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros ($400 million), raising hopes that the state-rescued bank is mo…
Global stocks, emerging currencies hit as Fed minutes near
LONDON (Reuters) – World shares hovered near six-week lows on Wednesday and vulnerable emerging market currencies extended losses as investors looked to a U.S. Federal Reserve report expected to signal a cutback in its stimulus policy.
